Saudi GDP growth slows to 2.8% in first quarter as Iran war weighs on economy
Published on April 30, 2026.
Saudi Arabia's GDP growth slowed to 2.8% in the first quarter, largely due to the impact of the Iran-led war. Non-oil activities increased by 2.3% from the previous year, while oil activities decreased by 7.2%. The country is expected to be less affected by the conflict than its counterparts due to its ability to redirect some exports through alternative routes.
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