General News
Q2 2026 Rate: This is slightly lower than the 6.6% recorded in the second quarter of 2025
In the domestic economy, growth remained strong in the second quarter of 2026.
Real GDP growth was 6.0 percent, driven mainly by the services and industry sectors, but slightly lower than the 6.6 percent recorded in the same quarter of 2025.
Non-oil GDP growth was 5.4 percent compared with 8.5 percent in the same period of 2025.
The updated Composite Index of Economic Activity (CIEA) recorded a strong annual growth of 14.9 percent in July 2026, compared to 6.1 percent in July 2025.
Key indicators such as credit to the private sector, international trade activities, and consumption of goods and services contributed to the improvement in the CIEA.
Also, the confidence surveys conducted in August reflected positive consumer and business sentiments based on the relatively stable macroeconomic environment and optimism about growth prospects.