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Thursday, October 31, 2024

Saudi Arabia’s GDP grows 2.8% in the third quarter

Saudi Arabia’s GDP grows 2.8% in the third quarter

Data from the Saudi General Authority for Statistics showed, on Thursday, that the growth in real gross domestic product in… Saudi Arabia This is due to the increase achieved by non-oil activities, which achieved a growth of 4.2 percent.

The Authority’s statement explained that government activities achieved a growth of 3.1 percent, while oil activities achieved a growth of 0.3 percent on an annual basis.

The seasonally adjusted real GDP achieved a growth of 0.8 percent in the third quarter of this year, compared to the second quarter of the same year.

The data showed that oil activities achieved a growth of 1.3 percent, in addition to a growth of non-oil activities at a rate of 0.5 percent.



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