9.6% growth of the Saudi economy in the first quarter

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The Saudi General Authority for Statistics revealed that the Kingdom’s gross domestic product increased by 9.6% in the first quarter of 2022, compared to the same period of the previous year, reaching the highest growth rate since 2011. .

The Saudi General Authority for Statistics said in a statement yesterday that this positive growth is due to the significant increase achieved by the oil activities of 20.4%, in addition to the increase of 3.7% achieved by the activities. non-oil and government service activities by 2.4%.

Seasonally adjusted real GDP increased 2.2% in the first quarter of 2022 compared to the fourth quarter of 2021.

This increase is due to the positive growth of oil activities of 2.9%, in addition to the 2.5% increase in non-oil activities.

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