Saudi real GDP contracts 4.8 pct in Q2 as oil activity plunges

Saudi Arabia’s real gross domestic product (GDP) shrank 4.8 percent year on year in the second quarter of 2026, reversing a 3.0-percent expansion in the first quarter, according to flash estimates released Thursday by the Saudi General Authority for Statistics.

The downturn was mainly driven by a 24.7-percent year-on-year decline in oil activities, which subtracted 5.4 percentage points from overall growth.

In contrast, non-oil activities rose 0.6 percent, contributing positively to real GDP by 0.4 percentage points. Government activities and net taxes on products contributed 0.1 percentage points respectively.

On a seasonally adjusted basis, real GDP fell 4.9 percent from the previous quarter. Oil activities plunged 21.5 percent and non-oil activities dipped 0.5 percent, while government activities rose 0.2 percent.

The authority noted that the figures are preliminary, based on incomplete quarterly data.

As China continues to refine its inbound policies for foreign travelers, a growing number of visitors from Germany are expected to arrive in the coming months, according to German tourism business.

Aside from classic scenic spots, immersive experiences rooted in Chinese culture become a major draw for German tourists.

German photographer Eden went to to Beijing in 2012. This year, he plans to revisit the Chinese capital and also tour Shanghai, in order to understand Chinese culture better.

“I wish to meet local cultural and artistic figures, such as photographers, fashion designers and artists, and have chances to chat with them,” said Eden.

As for German sinologist Heinrich Geiger, he has been to China multiple times. He believed that calligraphy, Chinese paintings and cooking can all be attractions for foreigners to know better about China.

“I prefer stay in one or two places rather than travel around too many areas. In that way, I can get along with the locals and learn some traditional Chinese crafts,” said Geiger.

German business insiders noted that China’s visa-free policy for foreign travelers, and easier access to tour services are fueling larger travel demand among German tourists.

“I believe there will be about 500,000 to 600,000 German tourists traveling to China for vacation this year,” said Bohland, general manager of a German tour operator.