Saudi Arabia announces an increase in real GDP for the third quarter by 8.8%

Riyadh on December 11th

The real GDP of the Kingdom of Saudi Arabia for the third quarter of the year 2022 increased by 8.8% compared to what it was during the same period in the previous year 2021, according to what was announced by the General Authority for Statistics in the Kingdom.

According to the results of the bulletin – which was revealed by the General Authority for Statistics today and reported by the Saudi Press Agency – that the real domestic product of oil activities achieved during the third quarter of 2022 a positive growth rate of (14.2%) compared to what it was in the same period in the previous year 2021 AD. The real growth of non-oil activities during the third quarter of the year 2022 AD increased positively by (6.0%) compared to what it was in the same period of the previous year.
The results of the bulletin showed that the seasonally adjusted real GDP increased during the third quarter of 2022 by (2.1%) compared to what it was in the second quarter of 2022.