General Authority for Statistics Reports Massive 11.4 Percent Surge in Short-Term Business Operating Revenues for May 2026

A Massive Surge in Operating Revenues

The General Authority for Statistics released a highly encouraging economic bulletin today. The GASTAT report shows the operating revenues index surged by a massive 11.4 percent in May 2026. This aggressive year-on-year growth completely highlights the incredible resilience of the Saudi economy. The Kingdom continues to aggressively expand its non-oil economic activities.

Mining and Manufacturing Lead the Charge

Specific industrial sectors drove this incredible economic expansion heavily.

• Mining and quarrying recorded a staggering 38.7 percent annual growth rate.
• The manufacturing sector successfully secured a solid 9.6 percent increase.
• Financial and insurance activities registered a massive 12.9 percent upward jump.
• Wholesale, retail trade, and vehicle repair activities increased steadily by 3.6 percent.

Tracking the Business Pulse

The GASTAT short-term business statistics product acts as a vital economic tool. It accurately measures the rapid performance shifts of various sectors monthly. While overall revenues surged, building permits witnessed a 33.3 percent annual decline. Authorities recorded exactly 5,056 building permits issued during May 2026. Saudi Arabia relies entirely on these precise data points to execute Vision 2030 strategies flawlessly.

Track how rapid economic shifts directly impact your business and local investments. Get the unfiltered financial facts daily at Marhaba Saudi.