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Saudi Arabia’s GDP grows by 2.8% in third quarter

December 8, 2024
in Business & Finance
Saudi Arabia’s GDP grows by 2.8% in third quarter

Saudi Arabia’s economy grew 2.8% in the third quarter from the same period a year earlier, supported by an increase in non-oil activity, government data showed on Sunday.

The growth rate was in line with preliminary data reported in October.

Non-oil output rose 4.3% in the quarter from a year earlier, government activity increased 3.1% and the oil sector edged up 0.05%, according to data released by the General Authority for Statistics.

Saudi Arabia strengthening economic transformation plan, finance minister says

Compared with the previous three months, real gross domestic product grew by 0.9% in the third quarter, the statistics authority said.

Tags: gdpSaudi ArabiaSaudi Arabia Economy
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