Saudi Arabia's non-oil economy grows 4.7% in Q1 2026
Saudi Arabia's non-oil GDP grew by 4.7% in the first quarter of 2026, according to data released by the General Authority for Statistics (GASTAT). This marks a significant acceleration from the 3.2% growth recorded in the same period last year.
The e-commerce and digital services sectors were the standout performers, growing at 12.3% year-over-year. This growth is driven by increased internet penetration, government digitalization initiatives, and a young, tech-savvy population. The retail sector also showed strong performance, particularly in fashion, electronics, and food delivery.
This data reinforces the effectiveness of Vision 2030's economic diversification strategy. For businesses operating in the Saudi market — especially in e-commerce and tech — the growth trajectory presents significant opportunities for expansion and investment.
The 4.7% non-oil GDP growth — led by e-commerce and digital services at 12.3% — is the strongest signal yet that Saudi Arabia's Vision 2030 diversification is producing tangible economic results. For tech and e-commerce companies, the Saudi market is no longer just promising — it's delivering.
What does non-oil GDP growth mean for Saudi Arabia?
Non-oil GDP growth measures economic output from all sectors except oil extraction. It's a key indicator of Saudi Arabia's success in diversifying its economy away from oil dependence under Vision 2030.