Saudi economy expands by 11.8% in Q2 on higher oil activities

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Saudi Arabia
  • Date: 31-Jul-2022
  • Source: Eye of…
  • Sector: Economy
  • Country: Saudi Arabia
  • Who else needs to know?

Saudi economy expands by 11.8% in Q2 on higher oil activities

According to flash estimates by the General Authority for Statistics, real gross domestic product of Saudi Arabia increased by 11.8 percent in the second quarter of 2022 from a year ago.  The growth was mainly driven by the increase in oil activities by 23.1 percent. Non-oil activities grew by 5.4 percent, and the government services activities by 2.2 percent.

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