Gross Domestic Product
Gross Domestic Product (GDP) reflects the total value of goods and services produced within a country during a specific period.
Source : ONS
Changes in GDP Growth and Non-Hydrocarbon GDP Growth (%)
Economic growth rises to 3.9% in Q2 2025
Economic growth reached 3.9% in the second quarter of 2025, up from 3.7% in the same period of 2024. This 0.2 percentage-point increase reflects a sustained improvement in economic activity, supported by a more favorable environment and an overall strengthening in sectoral performance.
In real terms, growth was mainly driven by industry (+6.4%), trade (+6.7%), agriculture (+4.5%), and the electricity and gas sector (+9.7%). In addition, non-hydrocarbon GDP growth stood at 5.3% in Q2 2025, compared with 4.4% in Q2 2024, highlighting the positive impact of ongoing efforts to diversify the economy and reduce reliance on hydrocarbons…..Read More
