- ARAB NEWS
- 01 May 2025
Since 1975
Arab News
RIYADH: Saudi Arabia’s real gross domestic product grew by 12.2 percent in the second quarter of 2022, over the same period last year, recording the highest growth since the third quarter of 2011, revealed the latest data from the General Authority for Statistics.
According to the GASTAT report, the real GDP grew by 2.2 percent when compared with the second quarter of 2022.
The report noted that the surge in real GDP was due to an increase in oil activities which went up 22 percent year-on-year, and 4.4 percent quarter-on-quarter.
The non-oil activities in the Kingdom during the second quarter increased 8.2 percent year-on-year, and 4.5 percent quarter-on-quarter.
