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Saudi Arabia’s real gross domestic product (GDP) rose by 6.7% year-on-year (YoY) in Q4 2021, data issued by the General Authority for Statistics (GASTAT) showed.
Compared to Q3 2021, real GDP achieved a growth of 6.1%.
According to GASTAT’s estimates, annual real GDP surged by 3.3% in 2021 from a 4.1% decline in 2020.
GDP at constant prices hit SAR 705.52 billion in Q4 2021, compared to SAR 661.19 billion during the same period in 2020.
The following table shows Saudi Arabia's GDP by regulatory sector at constant prices during Q4 2021:
|
GDP By Economic Activity at Constant Prices (SAR bln) |
|||
|
Sector |
Q4 2020 |
Q4 2021 |
Change |
|
Oil activities |
252.43 |
279.85 |
+ 10.9 % |
|
Non-oil activities |
277.46 |
291.65 |
+ 5.1 % |
|
Government activities |
105.10 |
107.61 |
+ 2.4 % |
|
Total non-oil and government activities |
382.56 |
399.26 |
+ 4 % |
|
GDP excluding net taxes on products |
634.99 |
679.11 |
+ 6.9 % |
|
Net taxes on products |
26.19 |
26.41 |
+ 0.8 % |
|
GDP |
661.19 |
705.52 |
+ 6.7 % |
The table below indicates Saudi GDP growth since 2018:
|
GDP, Real GDP Growth Rates with Seasonal Adjustment |
||
|
Period |
On a quarterly basis with seasonal Adjustment |
On an annual basis |
|
Q1 2018 |
+ 1.4 % |
+ 1.4 % |
|
Q2 2018 |
+ 1.0 % |
+ 1.6 % |
|
Q3 2018 |
+ 1.0 % |
+ 2.4 % |
|
Q4 2018 |
+ 0.5 % |
+ 4.3 % |
|
Q1 2019 |
(0.9%) |
+ 1.7 % |
|
Q2 2019 |
+ 0.1 % |
+ 0.5 % |
|
Q3 2019 |
(0.2%) |
(0.5%) |
|
Q4 2019 |
+ 0.3 % |
(0.3%) |
|
Q1 2020 |
(1.3%) |
(1.1%) |
|
Q2 2020 |
(4.8%) |
(7.2%) |
|
Q3 2020 |
+ 0.7 % |
(4.5%) |
|
Q4 2020 |
+ 2.1 % |
(3.8%) |
|
Q1 2021 |
(1.1%) |
(2.6%) |
|
Q2 2021 |
+ 0.2 % |
+ 1.9 % |
|
Q3 2021 |
+ 5.7 % |
+ 7.0 % |
|
Q4 2021 |
+ 1.6 % |
+ 6.7 % |
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