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20240512626

GASTAT: GDP rose by 17.76% at current prices

01-10-2018

Based on the second-quarter National Account Indicators Report 2018 GASTAT: GDP rose by 17.76% at current prices     On Sunday 20 Muhrim 1440H / 30 September 2018, GASTAT released National Accounts Indicators Report for the 2nd quarter of 2018 on its official website www.stats.gov.sa The report showed an increase of 17.76% in Saudi Arabia’s GDP at current prices during the 2nd quarter of 2018 compared with the same period last year. The contribution of oil sector to GDP soared to 44.02% at current prices and 1.33% at constant prices compared with the same period in 2017. Government sector’s contribution to GDP at current prices hit 18.01% and 4.01% at constant prices compared with the second quarter of 2017.  During the second quarter of 2018, private sector recorded an increase of 3.95% at current prices and 1.79% at constant prices, report added. National Accounts Indicators Bulletin is issued by GASTAT on a quarterly basis and includes tables of GDP by economic activities and regulatory sectors at current and constant prices as well as the contribution of the regulatory sectors and the economic activities, government consumption expenditure, private consumption expenditure, capital formation, exports and imports.

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