17 Apr 2024

Last update 7 / 02 / 2023

Saudi Economy Grows by 8.7% in 2022 and 5.4% in Q4/2022

 

General Authority for Statistics (GASTAT) issued on its official website www.stats.gov.sa today, 31 January 2023, the flash estimates report on GDP growth rate for the year 2022 and flash estimates of GDP for the fourth quarter of 2022. 

According to flash estimates, the real GDP during the fourth quarter of 2022 grew by 5.4% compared to Q4/2021, and the real GDP during the year 2022 grew by 8.7% compared to the previous year 2021. 

The results of the report indicated that the real GDP of oil activities grew by 6.1% during the fourth quarter of the year 2022, compared to the same quarter of the previous year 2021. Real GDP of oil activities during the year 2022 grew by 15.4% compared to the previous year 2021. 
Real GDP of non-oil activities grew by 6.2% compared to the same quarter of the previous year. Real GDP of non-oil activities during the year 2022 grew by 5.4% compared to the previous year 2021.
The results of the report showed that the seasonally adjusted real GDP increased by 1.5% during the fourth quarter of 2022, compared to the third 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.

التقييم الصفحات

CAPTCHA