Private Sector GDP Grow at 11.1% during the 2ndQ, 2021

The Saudi private sector Gross Domestic Product (GDP) has grown, during the second quarter of the current Year 2021, at a rate of 11.1 per cent, according to the General Authority for Statistics’ report.

While the overall Real GDP rose by a rate of 1.8 per cent, compared to the same period, in the previous Year 2020.

But the Real GDP, during the 2^ndQ, 2021, has posted only a rise by 0.6 per cent, following some seasonal revisions, compared to the 1^stQ, 2021.

On its part, the private sector Real GDP has grown, in the 2^ndQ, 2021, at 2.4 per cent compared to its level, in the 1^stQ, of the same Year.

In the context, the private sector Real GDP rose by 11.1 per cent, in the 2^ndQ, 2021, compared to the same period, in the previous Year 2020.

According to the seasonal revisions, the oil sector Real GDP rose by 2.4 per cent, during the 2^ndQ, 2021 compared to the 1^stQ of the same Year.

Almost all economic activities have positively managed to realize rising growth rates, during the 2^ndQ, 2021, compared to the same quarter in 2020.