Saudi Arabia's Economy Picks Up Pace with 5% GDP Growth in Q3

October 30, 2025 - Saudi Arabia's economy grew 5% year-on-year in the third quarter of 2025, as the world's top oil exporter ramped up production and kept its economic transformation in high gear. Official data shows oil activities shot up 8.2% year-over-year last quarter, with production lifting after OPEC+ supply cuts were relaxed in April.

Meanwhile, sectors like tourism, finance, and technology kept gaining ground, growing 4.5% year-on-year as government-led projects broadened the economy's base. Both the Saudi finance ministry and the IMF now expect GDP growth of 4 to 4.4% in 2025, up from a sluggish 2% this year. Saudi stocks are catching more attention as oil production ramps back up and economic data comes in strong, with the Tadawul seeing rising activity with renewed optimism around corporate earnings.