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Press Dossier    By Date   31/01/2023 Saudi Arabia’s real GDP grows by 5.4% in Q4 2022: GASTAT

Arab News, Tuesday, Jan 31, 2023 | Rajab 8, 1444

Saudi Arabia’s real GDP grows by 5.4% in Q4 2022: GASTAT

Saudi Arabia: Saudi Arabia's real gross domestic product grew by 5.4 percent in the fourth quarter of 2022, compared to the same period in 2021, driven by a high increase in non-oil activities, according to the latest report released by the General Authority for Statistics. 

The GASTAT report noted that non-oil activities in the Kingdom rose 6.2 percent year-on-year in the fourth quarter of 2022, while oil activities rose by 6.1 percent during the same period. 

The report further added that government services activities increased by 1.8 percent in the fourth quarter of last year, compared to the same quarter in 2021. 

According to the GASTAT report, Saudi Arabia's economy grew by 8.7 percent in 2022, compared to 3.2 percent recorded in 2021, driven by a growth in oil activities by 15.4 percent. 

In 2022, non-oil activities and government services activities rose by 5.4 percent and 2.2 percent respectively.

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