Report
Saudi Arabia's economy shrank 3.8% year over year in third quarter of 2026
Oil activities fell 20.4% from a year earlier, weighing on the preliminary GDP reading.
TLDR
Preliminary figures put Saudi Arabia's third-quarter 2026 GDP 3.8% below its level a year earlier. Oil activities declined 20.4% over the same period, while non-oil activities were reported up 1.9%. The contraction preceded the latest escalation involving Yemen's Houthis, but that timing does not establish what caused the decline.
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