The Kingdom of Saudi Arabia's flag
Accordingly, the real GDP maintained its growth for the eighth quarter in straight.
The GDP growth was driven by non-oil and oil activities, which increased by 5.8% and 1.3% YoY, respectively. In addition, government activities grew by 4.9% YoY.
GASTAT started to publish flash estimates for the Kingdom's quarterly GDP as of the third quarter of 2020, to provide instant information about the Saudi economy to decision markers.
The following table shows Saudi Arabia's GDP performance since 2018:
|
GDP, Real GDP Growth Rates With Seasonal Amendments |
||
|
Period |
Quarterly with seasonal amendments |
Annually |
|
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 |
(1.5%) |
(2.4%) |
|
Q2 2021 |
+1.8% |
+3.1% |
|
Q3 2021 |
+4.3% |
+6.7% |
|
Q4 2021 |
+2.4% |
+8.3% |
|
Q1 2022 |
+2.7% |
+10.0% |
|
Q2 2022 |
+1.1% |
+11.2% |
|
Q3 2022 |
+1.2% |
+8.7% |
|
Q4 2022 |
+1.3% |
+5.5% |
|
Q1 2023 |
(1.3%) |
+3.9% |
The following table shows Saudi Arabia's GDP at constant prices in Q1 2023:
|
GDP growth rates in Q1 2023 |
||
|
Sector |
Quarterly with seasonal amendments |
Annually |
|
Oil activities |
(4.8%) |
+1.3% |
|
Non-oil activities |
+1.5% |
+5.8% |
|
Government activities |
+1.1% |
+4.9% |
|
GDP |
(1.3%) |
+3.9% |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}