Riyadh - Sharikat Mubasher: Saudi Arabia’s real gross domestic product (GDP) witnessed a 2.7% increase during the first quarter (Q1) of 2025, compared to the same quarter of 2024, according to recent figures
The ‘Economic and Investment Monitor Q1 2025’ report, released by the Saudi Ministry of Investment (MISA), stated that this increase was driven by a 4.2% growth in non-oil activities and a 3.2% increase in government activities. It also highlighted that oil activities dropped by 1.4% during the first three months of 2025.
On the other side, the report revealed that main consumption indicators grew remarkably in Q1-25 as the point of sale (PoS) and SADAD payments jumped by 8.7% year-on-year (YoY) and 17.9% YoY, respectively.
The increase in PoS transactions was attributed to higher sales in the jewelry, clothing and footwear sectors, and other services sector, which grew by 40.9%, 25%, and 18.9% respectively in Q1-25.
