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    NEWS HUNT EXPRESS

    Allways With You

    Saudi Arabia’s real GDP grows by 3.9% in Q1 of 2023

    Bynewshuntexpress

    May 7, 2023
    Saudi Arabia’s real GDP grows by 3.9% in Q1 of 2023


    Saudi Gazette report

    RIYADH — Saudi Arabia’s real GDP increased by 3.9 percent during the first quarter of 2023 compared to the same period of the previous year.

    According to flash estimates by the General Authority for Statistics (GASTAT), the non-oil activities achieved a positive growth of 5.8 percent in the first quarter compared to the same period of 2022.

    Oil activities also achieved an increase of 1.3% compared to the same period of the previous year.

    The seasonally adjusted real GDP decreased by 1.3% in the first quarter of 2023 compared to the previous quarter Q4/2022.

    The General Authority for Statistics is the only official statistical reference for statistical data and information in Saudi Arabia.

    It executes all the statistical work, in addition to the technical supervision of the statistical sector.

    It also designs and implements field surveys, conducts statistical studies and researches, analyzes data and information.

    This is in addition to the documentation and archiving works of information and statistical data that cover all aspects of life in Saudi Arabia from its multiple sources.



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