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What was the performance of the Saudi Arabian economy in 2022?

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The real GDP of Saudi Arabia in the fourth quarter of 2022 grew by 5.4% compared to the same period in 2021, and the Saudi economy grew in 2022 by 7.8%.

This came at the time of the 2022 GDP Growth Rate Rapid Estimates and Q4 2022 GDP Rapid Estimates report released today by the General Statistics Office.

According to the results of the report, the real GDP of oil activities reached a positive growth of 6.1% in the fourth quarter of 2022 compared to the same period of the previous 2021, and the real GDP of oil activities in 2022 reached a positive growth of 15.4% compared to the previous 2021.

The results of the report showed that the real GDP of non-oil activities recorded a growth of 6.2% compared to the same period of the previous year, and the real GDP of non-oil activities for 2022 reached a positive growth of 5.4% compared to the previous year 2021.

The results of the report showed that seasonally adjusted real GDP increased by 1.5% in the fourth quarter of 2022 compared to the third quarter of 2022.

Source: earlier

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