18 Jun 2024

Last update 31 / 10 / 2022

Real GDP Grows by 8.6% in Q3 of 2022

On Monday October 31, 2022, General Authority for Statistics (GASTAT) released on its official website www.stats.gov.sa  the report of flash estimates of Gross Domestic Product (GDP) growth rates for the third quarter of 2022. According to the estimates, real GDP increased by 8.6% during the third quarter of 2022 compared to the same period of last year 2021.
The publication results indicated that the real GDP of oil activities achieved a positive growth of 14.5% during the third quarter of 2022, compared to the same period of last year 2021. Moreover, real GDP of non-oil activities recorded an increase by 5.9% compared the same period of last year.
The publication results showed that the seasonally adjusted real GDP increased by 1.3% during the third quarter of 2022, compared to the second quarter of 2022.
It is worth noting that GASTAT is the only official statistical reference for statistical data and information in Saudi Arabia. It carries out all the statistical work, in addition to the technical oversight of the statistical sector. It also designs and implements field surveys, conducts statistical studies and researches, analyzes data and information, in addition to documenting and archiving all works of information and statistical data that cover all aspects of life in Saudi Arabia from its multiple sources. Data are written, classified, and analyzed; their indicators are extracted as well.

 

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