Increase in non-oil and governmental activities in Saudi Arabia in 2Q of 2024

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Increase in non-oil and governmental activities in Saudi Arabia in 2Q of 2024

[31/07/2024 02:34]

RIYADH-SABA
Non-oil and government activities in Saudi Arabia during the second quarter of this year recorded an increase of 4.4 percent and 3.6 percent, respectively, while real GDP decreased by 0.4 percent compared to the second quarter of 2023, affected by the decline in oil activities by 8.5 percent.

The results of the bulletin of rapid estimates of the real GDP growth rate, issued by the General Authority for Statistics and published by the Saudi Press Agency (SPA), showed that the seasonally adjusted real GDP achieved during the second quarter of 2024 a growth of 1.4 percent compared to what it was in the first quarter of the same year.