Statistics: 3.4 % GDP growth in the first quarter of 2025

Non-oil activities grew 4.9% and contributed 2.8 percentage points, while oil activities declined 0.5%.
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The General Authority for Statistics released today the GDP report for the first quarter of 2025, and according to the results of the bulletin, the real GDP GDP achieved a growth of 3.4%, compared to the same quarter of 2024, driven by the growth of non-oil activities by 4.9% and the growth of government activities by 3.2%.Compared to the corresponding quarter of 2024, non-oil activities grew by 4.9% and government activities grew by 3.2%, while oil activities declined by 0.5%. Compared to the fourth quarter of 2024, seasonally adjusted real GDP grew by 1.1%.

Real GDP grew by 3.1%. Non-oil activities were the main contributor to year-on-year real GDP growth, contributing 2.8 percentage points, with government activities and net product taxes contributing positively by 0.5 and 0.2 percentage points, respectively.

The results of the bulletin showed that non-oil activities were the main contributor to year-on-year real GDP growth. Most economic activities achieved positive year-on-year growth rates, with wholesale and retail trade and restaurants and hotels recording the highest growth rates during the first quarter of 2025, which amounted to 8.4% year-on-year and 0.7% quarter-on-quarter.

Government activities and net product taxes contributed positively by 5.5 and 2.2 percentage points, respectively.