Saudi Arabia’s Real GDP Grows 4.4% in Q4 2024, Highest in Two Years

KSA, 31 January, 2025 : The Kingdom's real GDP grew by 4.4% in Q4 2024 compared to the same period in 2023, marking the highest growth rate in two years, according to the General Authority for Statistics (GASTAT).

Non-oil activities led the expansion with a 4.6% growth, followed by oil activities at 3.4% and government activities at 2.2%. Seasonally adjusted GDP rose by 0.3% compared to Q3 2024.

These figures are based on rapid estimates, with the final GDP results for Q4 2024 set to be released in March 2025.