Saudi Real GDP Grows by 12.2% in Q2 of 2022

Saudi General Authority for Statistics (GASTAT) released On Wednesday the report of Gross Domestic Product (GDP) and National Accounts Indicators for the second quarter of 2022. According to the estimates, real GDP recorded an increase of (12.2%) during the second quarter of 2022 compared to the same period last year 2021.
The report results indicated that the real GDP of oil activities grew by (22.9%) during the second quarter of 2022 compared to the same period of the previous year 2021. Moreover, the real GDP of non-oil activities recorded an increase of (8.2%) compared to the same period in 2021z.
The publication results showed that the seasonally adjusted real GDP increased by (2.2%) during the second quarter of 2022, in comparison with the first quarter of 2022.
It is worth noting that GASTAT is the only official statistical reference for statistical data and information in Saudi Arabia. It carries out all the statistical work, in addition to the technical oversight of the statistical sector. It also designs and implements field surveys, conducts statistical studies and research, analyzes data and information, in addition to documenting and archiving all works of information and statistical data that cover all aspects of life in Saudi Arabia from its multiple sources. Data are written, classified, and analyzed; their indicators are extracted as well.