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  • 06-11-22

    KSA records peak growth in GDP across all G20 nations in Q3

    (MENAFN) Saudi Arabia registered the peak expansion of real Gross Domestic Product between all G20 nations in the July-September period of this year, with a level of 8.6 percent, as shown by official figures.

    This comes along with a reasonable inflation level at 2.9 percent, which is one of the worst levels between the G20 nations.

    As said by a most recent report by the Ministry of Economy and Planning, the real non-oil GDP expansion grew by 5.9 percent after six quarters in a row.

    The production, wholesale and retail exchange, restaurants and hotels, construction as well as transportation were between the major causes of the Saudi non-oil field in the July-September of this year, the report mentioned.

    The Nation’s exchange balance surged to SR72.7 billion (USD19.3 billion) in August, with an expansion level of 87 percent in comparison with the same time span of 2021, in spite of the nonstop bottlenecks in provision chains that impede worldwide exchange.

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