Last update 7 / 09 / 2022
Real GDP Grows by 12.2% in Q2 of 2022
On Wednesday September 7, 2022, General Authority for Statistics (GASTAT) released on its official website www.stats.gov.sa 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 by (12.2%) during the second quarter of 2022 compared to the same period of last year 2021.
The report results indicated that 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, real GDP of non-oil activities recorded an increase by (8.2%) compared to the same period of 2021.
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.