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  • 12-12-22

    GASTAT: KSA’s real GDP surges 8.8 percent in Q3 triggered by surge in oil actions

    (MENAFN) Saudi Arabia’s real gross domestic output surged by 8.8 percent in the July-September period of this year in comparison with the same time span in 2021 triggered by a surge in oil actions, as shown by a report issued by the General Authority for Statistics.

    GASTAT pointed out that the real GDP expansion in the stated period was 2.1 percent higher in comparison to the quarter before (Q2) of in 2022.

    In line with the report, oil actions in the July-September period surged 14.2 percent on a yearly basis, and 4.5 percent on a quarterly basis.

    The report additionally noted that non-oil actions in the nation also jumped 6 percent On a yearly basis, while it declined by 0.5 percent on a quarterly basis.

    The report mentioned that “The non-oil economic activities outside the government contributed with a share of 50.7 percent to GDP, with the manufacturing (excluding petroleum refining) with a share of 7.8 percent being the most important sub-category within the non-oil economy.”

    MENAFN12122022000045014228ID1105296755

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