in5points
WorldMoneycontrol

Saudi Arabia’s economy shrinks as Gulf reels from Iran war’s chaos; oil sector declines by 24.7%

in5points

  1. Saudi Arabia's Gross domestic product shrank 4.8% year-on-year in Q2 2026.

  2. The oil sector declined by 24.7% during the same period.

  3. Preliminary data from the General Authority for Statistics showed Q2 contraction compared to 3% growth in Q1.

  4. The economy is impacted due to chaos from the Iran war affecting the Gulf region.

15h ago · original ↗
Saudi Arabia’s economy shrinks as Gulf reels from Iran war’s chaos; oil sector declines by 24.7% · in5points