The real gross domestic product (GDP) in the Kingdom of Saudi Arabia increased by 1.1 percent during the second quarter of 2023, compared to the same period of 2022.
According to Saudi’s General Authority for Statistics (GASTAT), there was a positive increase of 5.5 in non-oil activities in the second quarter of 2023 compared to what it was in the same period of 2022. While oil activities witnessed a 4.2 percent decrease compared to the second quarter of 2022.
Seasonally adjusted real GDP decreased by 0.1 percent in the second quarter of 2023 compared to the first quarter of the same year.
GASTAT is the only official reference for statistical data and information in Saudi Arabia. It carries out all statistical work, as well as the technical oversight of the statistical sector. It also designs and implements field surveys, conducts statistical studies and researches, analyzes data and information, and documents and archives all works containing information and statistical data on all aspects of life in Saudi Arabia. It gathers, classifies and analyzes data, and extracts indicators from it.
Source: Qatar News Agency