Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com -- Saudi Arabia’s economy expanded by 1.4% quarter-on-quarter in the third quarter of 2025, according to flash estimates released Thursday.
The growth translated into a year-on-year rate of 5.0%, up from 3.9% in the second quarter, marking the fastest pace since the first quarter of 2023.
The quarterly expansion was primarily driven by oil activities, which grew 3.1% quarter-on-quarter and 8.2% year-on-year as oil output increased to 10.0 million barrels per day in September.
Private non-oil activities showed signs of slowing, with growth easing to 0.6% quarter-on-quarter (4.5% year-on-year) in Q3 from 0.8% (4.6% year-on-year) in Q2. This represents the weakest pace of expansion in a year for the private non-oil sector.
Government activities rebounded with 0.7% quarter-on-quarter growth (1.8% year-on-year) in Q3, though this did not fully offset the 0.8% contraction seen in the previous quarter.
The overall economic improvement largely reflects the Kingdom’s rising oil output while masking continued softness in the non-oil economy, which may persist amid ongoing fiscal consolidation efforts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.