Saudi GDP up nearly 10 percent in Q1 on oil activities

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  • The GDP Report for Q1 2022 was released by the General Authority for Statistics (GASTAT).
  • The growth in Saudi's GDP is due to a surge in oil activities by 20.3% in Q1 2022 compared to Q1 2021.

The Gross Domestic Product (GDP) of Saudi Arabia grew by 9.9 percent in Q1 of 2022 compared to Q1 of 2021, and the seasonally adjusted GDP increased by 2.6 percent compared to Q4/2021.

The GDP Report for Q1 2022 released Tuesday by the General Authority for Statistics (GASTAT), said this.

The growth is due to a surge in oil activities by 20.3 percent in Q1 2022 compared to Q1 2021, while the non-oil activities increased by 3.7 percent.

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

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