GASTAT: Saudi Arabia's Inflation Holds Steady at 2.2% in May 2025
This figure keeps the Kingdom among the G20 nations with the lowest inflation rates.
The CPI tracks price changes for a fixed basket of 490 goods and services, selected based on the 2018 Household Income and Expenditure Survey. Data is collected through field visits to various retail outlets, and CPI figures are released monthly.
Related Topics:
Saudi Arabia, Netherlands Discuss Trade Cooperation
ROSHN Green Initiative Center: Inspiring Future Environmental Leaders
Saudi Arabia Welcomes Foreign Real Estate Investors Outside Holy Cities
All You Need to Know about Hajj Rituals: A Step-by-Step Guide
Short link :
Post Views: 1 Related Stories
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Asharq Al-Awsat
14 hours ago
- Asharq Al-Awsat
Saudi Economy Grows 3.9% in Q2 on Broad Sector Gains
Saudi Arabia's economy grew by 3.9% in the second quarter of 2025 compared to the same period a year earlier, according to flash estimates released by the General Authority for Statistics. The non-oil sector, a key pillar of the kingdom's economic diversification drive, expanded by 4.7% year-on-year, underscoring continued progress in reducing reliance on hydrocarbons. Oil activities also posted solid gains, rising by 3.8% on an annual basis, reflecting the resilience of the energy sector despite global market uncertainties. Government activities grew modestly by 0.6% over the same period. Oil activities made the largest contribution to quarterly real GDP growth, adding 1.3 percentage points, followed by non-oil activities, which contributed 0.9 percentage points. Government activities and net taxes on products each trimmed growth by 0.1 percentage points. However, when measured annually, non-oil activities emerged as the main growth engine, contributing 2.7 percentage points to the overall GDP increase. Oil activities accounted for 0.9 points, while government activities and net taxes added 0.1 and 0.2 points, respectively. The figures highlight the resilience of the Saudi economy and its growing ability to generate momentum from multiple sources, as authorities push ahead with Vision 2030 reforms aimed at reducing dependence on oil revenues. The International Monetary Fund (IMF) recently revised up its growth forecast for Saudi Arabia, projecting the economy will expand by 3.6% in 2025 — 0.6 percentage points higher than its April estimate — buoyed by stronger oil receipts and accelerating non-oil activity. The Fund also raised its 2026 forecast to 3.9%, from a previous estimate of 3.7%.
Saudi Gazette
a day ago
- Saudi Gazette
Saudi Arabia's real GDP grows 3.9% in Q2 2025 on broad-based economic expansion
Saudi Gazette report RIYADH — Saudi Arabia's real gross domestic product (GDP) recorded a 3.9% growth in the second quarter of 2025 compared to the same period last year, according to flash estimates released by the General Authority for Statistics (GASTAT). The increase reflects positive growth across all major economic sectors. Non-oil activities posted an annual growth rate of 4.7%, reinforcing the Kingdom's ongoing economic diversification. Meanwhile, oil activities expanded by 3.8%, underlining the continued strength of the energy sector. Government activities grew by a modest 0.6% year-on-year. In terms of contributions to seasonally adjusted real GDP growth, oil activities led with 1.3 percentage points, followed by non-oil activities with 0.9 both government activities and net taxes on products subtracted 0.1 points analyzing contributions to total real GDP growth, non-oil activities emerged as the primary driver, contributing 2.7 percentage activities added 0.9 points, while government activities and net taxes contributed 0.1 and 0.2 points, data highlights the resilience and adaptability of the Saudi economy, which continues to grow from multiple sources with an increasing focus on reducing oil International Monetary Fund recently revised its forecast for Saudi Arabia's economic growth in 2025 and 2026, citing higher expected oil revenues and accelerating non-oil IMF now projects 2025 GDP growth at 3.6%, up 0.6 percentage points from its April estimate. For 2026, growth is expected at 3.9%, up from the earlier forecast of 3.7%.
Arab News
a day ago
- Arab News
Saudi economy expands 3.9% in Q2, driven by non-oil activity
RIYADH: Saudi Arabia's economy expanded by 3.9 percent year on year in the second quarter of 2025, led by a strong performance in non-oil sectors, official data showed. According to flash estimates from the General Authority for Statistics, growth in non-oil activities reached 4.7 percent, outpacing the 3.8 percent expansion in the oil sector and a 0.6 percent rise in government services. The non-oil sector contributed the largest share to GDP growth, adding 2.7 percentage points, followed by oil activities at 0.9 percentage points. Government activities and net taxes on products each contributed 0.1 and 0.2 percentage points, respectively, to the overall expansion. The data aligns with the macroeconomic outlook from S&P Global Ratings, which projects Saudi Arabia's real GDP to grow at an average rate of 3.5 percent between 2025 and 2028, surpassing the 0.8 percent growth recorded in 2024. 'Seasonally adjusted real GDP increased 2.1 percent in Q2/2025, compared to the previous quarter Q1/2025,' GASTAT said in its quarterly update. #GASTAT publishes flash estimates of real GDP for Q2 of 2025. — الهيئة العامة للإحصاء (@Stats_Saudi) July 31, 2025 'This increase was due to the largest increase in oil activities since Q3/2021, up by 5.6 percent this quarter. Non-oil activities grew by 1.6 percent while government activities recorded a decrease of 0.8 percent,' it added. GASTAT said oil activities accounted for 1.3 percentage points of the quarterly growth, with non-oil sectors adding 0.9 percentage point. However, government activities and net taxes on products each had a negative impact of 0.1 percentage point. Supporting the non-oil growth trend, Saudi Arabia's non-oil exports, including re-exports, rose to SR31.11 billion ($8.29 billion) in May, marking a 6 percent increase compared to the same month in 2024, according to preliminary data from GASTAT released last week. The UAE remained the top destination for the Kingdom's non-oil goods, with exports amounting to SR9.54 billion. India was the second largest partner at SR2.78 billion, followed by China at SR2.03 billion, Bahrain at SR989.1 million, and Turkiye at SR924.7 million. Meanwhile, in its report titled 'Saudi Credit Trends: Change in Progress,' published on July 30, S&P Global said that Vision 2030 initiatives are 'set to enhance non-oil growth over the medium term,' supported by construction activity, rising consumer demand, and a broader labor force. Female labor force participation has more than doubled since 1999, stabilizing at 36 percent since 2022. S&P Global said that tourism now contributes approximately 6 percent of GDP and 14 percent of current account receipts in 2024, up from 5 percent in 2022. The sector is expected to grow further due to improved visa processes and a broader leisure economy. Despite projected fiscal deficits averaging 4.4 percent of GDP through 2028, public investments tied to Vision 2030, including major events like Expo 2030 and the 2034 FIFA World Cup, are expected to sustain economic momentum, S&P said.
