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  • 13-02-22

    Saudi economy goes back to its growth path as non-oil activities pick up

    (MENAFN) Saudi’s economy went back to its track of increasing in 2021 after a year of reduction because of coronavirus.

    According to official data, the country’s real gross domestic product increased 3.3 percent the previous year in comparison to a reduction of 4.2 percent in 2020 when the coronavirus pandemic stopped most economic activities.

    Based on data from the General Authority for Statistics, Saudi real GDP jumped up by 6.8 percent in the October-December period from the preceding year owing to a robust increase in non-oil operations.

    According to the authority known as Gastat statement, "this increase in GDP resulted of the economy recovering from the COVID-19 crisis through the growth of non-oil activities by 6.6 percent, government services activities also increased by 1.5 percent and oil activities grew by 0.2 percent."

    MENAFN13022022000045013568ID1103686569

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