17 Apr 2024

Last update 11 / 12 / 2022

Real GDP Grows by 8.8% in Q3 of 2022

On Thursday, 8 December 2022, General Authority for Statistics (GASTAT) released on its official website www.stats.gov.sa the report of Gross Domestic Product (GDP) and National Accounts Indicators for the third quarter of 2022. According to the estimates, real GDP recorded an increase by (8.8%), compared to the same period of last year 2021. 

The real GDP of oil activities grew by (14.2%) compared to Q3 of 2021. Moreover, real GDP of non-oil activities recorded an increase by (6.0%) compared to the same period of 2021. Seasonally adjusted real GDP increased by (2.1%) during Q3 of 2022, compared to Q2 of 2022, the publication’s results noted
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 research, 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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