RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) said in a press release it issued on Sunday that it has adopted the chain-linking methodology to calculate the real GDP in the country. The Q4 2023 results and the annual results for the same year have been reached at...

Riyadh, Saudi Arabia -- Saudi Arabia’s real GDP grew by 1.2 percent in the second quarter of 2023, compared to Q2 of 2022, according to Kingdom's General Authority for Statistics (GASTAT). A GASTAT report showed a 6.1 percent increase in non-oil activities over 2022, a 2.3 percent increase in government...

In its Q3 review, the apex bank attributed the upward review to the robust performance of some non-oil sectors, including tourism, hospitality, real estate and manufacturing.

An economic report issued by the MEP---the ministry will publish such reports quarterly on domestic and global economic updates---real non-oil GDP growth expanded by 5.9 percent. The report said the kingdom recorded growth for six consecutive quarters.

As per estimates by the General Authority for Statistics (GASTAT), real Gross Domestic Product (GDP) of Saudi Arabia grew by 8.6 percent in the third quarter of 2022 compared to the same period in 2021.

The data was released on Thursday, February 10, by the country’s General Authority for Statistics (GASTAT).

The most common way to quantify the economic health of a country is by calculating its gross domestic product (GDP).