Riyad February 2 2025: Saudi Arabia achieved real GDP growth of 4.4% in the fourth quarter of 2024 compared to the same period of the previous year, marking the highest growth rate in the last two years, supported by the growth of key economic activities, according to GASTAT’s estimates.
Non-oil activities recorded an increase of 4.6%, while oil activities grew by 3.4%. Additionally, government activities rose by 2.2% compared to the same period of the previous year. The results also showed that the seasonally adjusted real GDP increased by 0.3% in the fourth quarter of 2024 compared to the third quarter of the same year.
It is worth mentioning that the quarterly flash estimates of GDP provide an assessment of the real growth rates shortly after the reference quarter ends, even when the data for that quarter is still incomplete. GASTAT will publish the actual real GDP results for the fourth quarter of 2024 in March 2025.