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Saudi Arabia’s GDP grows 11.8% in Q2

The Real Gross Domestic Product (GDP) of Saudi Arabia witnessed a growth rate of 11.8% in Q2/2022 compared to Q2/2021, according to flash estimates by the General Authority for Statistics (GASTAT).  This dynamic growth was mainly due to the growth in oil activities by 23.1%. Non-oil activities grew by 5.4% in Q2/2022, and the government services activities by 2.2% year-on-year, the authority said. Seasonally adjusted real GDP increased by 1.8% in Q2/2022 compared to the previous quarter (Q1/2022). This increase is due to the positive growth in oil activities by 4.8% and the government services activities by 0.2% while the non-oil activities decreased by 0.4%, it said.

Link: http://www.tradearabia.com/news/BANK_399123.html

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