Saudi economy grew by 8.8% in Q3 2022‎

The General Authority for Statistics issued the Gross Domestic Product and National Accounts Indicators report for the third quarter of the year 2022 AD, and according to estimates, the real GDP achieved during the third quarter of the year 2022 AD an increase of (8.8%) compared to what it was during the same period of the previous year 2021 AD.

According to the results of the bulletin, the real GDP of oil activities achieved during the third quarter of 2022 a positive growth rate of (14.2%) compared to what it was in the same period of the previous year 2021 AD, and the real GDP of non-oil activities achieved during the third quarter of 2022. A positive growth rate of (6.0%) compared to what it was in the same period of the previous year.

The results of the bulletin indicated that the seasonally adjusted real GDP achieved an increase of 2.1% during the third quarter of 2022, compared to what it was in the second quarter of 2022.

It is noteworthy that the General Authority for Statistics is the official and sole statistical reference for statistical data and information in the Kingdom. It carries out all statistical work, technical supervision of the statistical sector, design and implementation of field surveys, conducting statistical studies and research, analyzing data and information, and all documentation and preservation work in addition to statistical information and data covering all aspects of life in the Kingdom from its multiple sources, codification, classification, analysis, and extraction of statistical indicators.