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Gastat updates its 2024 GDP figures
Real GDP growth rate was revised to record 2.7% y-o-y increase in 2024
Construction costs hold steady, up 0.7% y-o-y in September
Residential construction costs rose 0.8% y-o-y in August, while non-residential costs increased 0.6%
Real estate prices see slowest rise in two years in 3Q
Overall residential prices fell 0.9% y-o-y, first drop since early 2024
Unemployment inches down to 3.2% in 2Q 2025
On a quarterly basis, the overall unemployment rate was up 0.4 percentage points from 1Q 2025
Net FDI inflows rise y-o-y in 2Q — but 2030 target remains uncertain
Inflows reached SAR 24.9 bn during the quarter, down 11.5% y-o-y
Construction costs rise 0.7% y-o-y in August
Residential construction costs climbed 0.8% y-o-y in August, while non-residential costs increased 0.6%
Exports power Saudi port growth in 2024
Saudi Arabia’s ports handled over 331 mn tons of cargo in 2024, driven by a 9.3% jump in exports
The Kingdom’s population growth can power its non-oil economy — with the right policies
The country’s demographics are “incredibly positive,” Knight Frank MENA chief economist Christopher Payne told us
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