General Authority for Statistics (GASTAT) issued the report of Gross Domestic Product and National Accounts Indicators for the first quarter of 2023. According to estimates, the real GDP increased by 3.8% in Q1/2023 compared to the same period of last year 2022. 

During the first quarter of 2023, non-oil activities achieved a growth of 5.4% compared to the same period of last year 2022, according to the report’s results. Government activities increased by 4.9%, and oil activities also increased by 1.4% compared to the same period of last year. 
The seasonally adjusted real GDP decreased by 1.4% in the first quarter of 2023 compared to the fourth quarter of 2022, the publication indicated. 
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 statistical information and 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.