The Saudi Ministry of Finance issued on Thursday the state's general budget performance report for the third quarter of 2025, which showed continued growth in non-oil revenues and improved performance of non-oil economic activities, despite a decline in oil revenues compared to the same period last year.
Non-oil revenues
According to the report, non-oil revenues amounted to approximately 119.1 billion riyals, registering a slight increase of 1% year-on-year, while oil revenues amounted to 150.8 billion riyals.
Thus, non-oil revenues constituted 44% of total revenues during the third quarter of this year, which reflects the government’s continued efforts to diversify income sources and strengthen the non-oil economy within the objectives of Saudi Vision 2030.
The report also indicated that about 52% of the national economy’s growth during the third quarter came from non-oil activities, which recorded a growth rate of 4.5% during the same period.
In the same context, data for the first half of 2025 showed real GDP growth of 3.6% compared to the same period last year, reflecting the continued recovery of the Saudi economy and strengthening its role in the productive and service sectors away from oil.
This performance comes in light of the government’s focus on financial sustainability and stimulating promising sectors such as tourism, logistics, technology, and advanced industries, which supports achieving the goals of economic diversification in the medium and long term.
