Riyadh October 31 2024: According to flash estimates released by the General Authority for Statistics (GASTAT), Saudi Arabia’s real Gross Domestic Product (GDP) grew by 2.8% in Q3/2024 compared to Q3/2023.
This growth is due to the increase in non-oil activities which achieved a growth of 4.2%, government activities grew by 3.1%, and oil activities increased by slight growth of 0.3% on an annual basis.
The seasonally adjusted real GDP grew by 0.8% in Q3/2024 compared to Q2/2024. Oil activities grew by 1.3%, non-oil activities increased by 0.5%while government activities decreased by 0.3%
