GASTAT: Non-Oil Activities Grow by 4.6% in Q2 2025

The real GDP grew by 3.9% in the second quarter of 2025 compared to the same period in 2024, as reported in the GDP and National Accounts bulletin for Q2 2025 by the General Authority for Statistics (GASTAT).

 The bulletin indicates that all major economic activities experienced annual growth. Non-oil activities increased by 4.6%, oil activities by 3.8%, and government activities by 0.6%. Non-oil activities contributed 2.6 percentage points (PP) to overall growth, while oil activities and net taxes on products added 0.9 and 0.3 PP, respectively.

 Seasonally adjusted real GDP rose by 1.7% compared to the first quarter of 2025, with oil activities contributing 1.3 PP and non-oil activities contributing 0.4 PP.

 Among economic sectors, electricity, gas, and water activities recorded the highest annual growth rate at 10.3%, followed by financial, insurance, and business services at 7.0%, and wholesale and retail trade, restaurants, and hotels at 6.6%.