25 Jul 2024

Last update 11 / 09 / 2023

GASTAT:Non-oil activities grow by 6.1% in Q2 2023 and drive the Saudi economy to achieve growth of 1.2%

During the second quarter of 2023, the Real Gross Domestic Product (GDP) increased by (1.2٪) compared to the same period of last year 2022. According to GASTAT's estimates in Thursday. 
The report results indicated that the non-oil activities registered a positive growth by (6.1٪) during the second quarter of 2023 compared to the percentage registered in the same period of last year 2022.  The government activities achieved an increase of (2.3٪) compared to the same period last year. However, oil activities decreased by (4.3٪) in quarter 2, 2023 compared to the same period of the previous year.
The results of the report showed that the seasonally adjusted real GDP decreased by 0.2 % during the second quarter of 2023, compared to the first quarter of 2023.
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 researches, 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.


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