Saudi GDP grows 11.8 percent year-on-year in Q2: Estimates

Middle East News 31 July 2022 14:35 (UTC +04:00)

Saudi Arabia’s gross domestic product rose by 11.8 percent in the second quarter compared with the same period in 2021, according to initial government estimates on Sunday, as the world’s top oil exporter benefits from higher energy prices, Trend reports citing Al Arabiya.

Growth was largely driven by a 23.1 percent increase in oil activities, the General Authority for Statistics said, while non-oil activities expanded 5.4 percent.

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