{"id":269611,"date":"2026-02-02T03:02:08","date_gmt":"2026-02-02T03:02:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/269611\/"},"modified":"2026-02-02T03:02:08","modified_gmt":"2026-02-02T03:02:08","slug":"oil-drives-saudi-economy-to-highest-annual-growth-since-2022","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/269611\/","title":{"rendered":"Oil Drives Saudi Economy to Highest Annual Growth Since 2022"},"content":{"rendered":"<p style=\"text-align: justify;\">SadaNews &#8211; The Saudi economy recorded its highest annual growth since 2022 in 2025, with GDP increasing by 4.5%, driven by a rebound in the oil sector under the new supply policy adopted by the &#8220;OPEC+&#8221; alliance.<\/p>\n<p style=\"text-align: justify;\">The rapid estimates released by the General Authority for Statistics today, Sunday, surpass the estimates of the Saudi Ministry of Finance, which projected a growth of 4.4%, and also exceed the International Monetary Fund&#8217;s forecast of 4.3% according to the latest review in January 2026.<\/p>\n<p style=\"text-align: justify;\">Oil activities recorded a growth rate of 5.6%, leading the momentum of the macro economy, after expanding by 5.6% throughout 2025, following a two-year contraction. This improvement was supported by easing production restraints, after the OPEC+ alliance effectively ended nearly two years of voluntary cuts amounting to 2.2 million barrels per day in August 2025.<\/p>\n<p style=\"text-align: justify;\">Saudi production reached about 10 million barrels per day during the last three months of last year, the highest level since early 2023, according to data collected by Bloomberg.<\/p>\n<p style=\"text-align: justify;\">Growth Rate of Non-Oil Activities<\/p>\n<p style=\"text-align: justify;\">In contrast, non-oil activities continued to grow, although the pace slowed for the third consecutive year, recording a growth of 4.9% last year compared to 6% in 2024, the slowest pace since the Corona year of 2020 when activity then contracted by 3%.<\/p>\n<p style=\"text-align: justify;\">GDP data released on Sunday confirms that economic activity in Saudi Arabia remains a bright spot, at a time when the country is facing financial pressures.<\/p>\n<p style=\"text-align: justify;\">Limited Quarterly Acceleration<\/p>\n<p style=\"text-align: justify;\">Data from the fourth quarter of 2025 showed an acceleration in economic activity, as the economy recorded its strongest quarterly pace of the year at 4.9%. However, despite the strong performance, the quarterly comparison indicates that the acceleration was limited, especially since the third quarter had recorded a growth of 4.8%.<\/p>\n<p style=\"text-align: justify;\">In terms of quarterly components, oil activities rose by 10.4%, the highest quarterly growth rate since the third quarter of 2022 when the increase was 14%.<\/p>\n<p style=\"text-align: justify;\">In contrast, non-oil activities continued to slow for the second consecutive quarter, recording the lowest growth since the fourth quarter of 2020, when activity then contracted by 0.7%.<\/p>\n","protected":false},"excerpt":{"rendered":"SadaNews &#8211; The Saudi economy recorded its highest annual growth since 2022 in 2025, with GDP increasing by&hellip;\n","protected":false},"author":2,"featured_media":257187,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46,140567,29411,43341,49902,140568],"class_list":["post-269611","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel","tag-140567","tag-29411","tag-43341","tag-49902","tag-140568"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/269611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=269611"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/269611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/257187"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=269611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=269611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=269611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}