The General Authority for Statistics (GASTAT) released today the flash estimates of the real GDP growth rate for Q3 of 2024 on its official website. Accordingly, the real GDP during Q3 of 2024 achieved a growth rate of 2.8% compared to the same period of the previous year.

The flash estimates revealed that oil activities recorded a growth of 0.3% during Q3 of 2024 compared to the same period of the previous year, while non-oil activities achieved a positive growth rate of 4.2% compared to the same period of the previous year. Additionally, government activities recorded a positive growth rate of 3.1% compared to the same period of the previous year.
The report's results indicated that the seasonally adjusted real GDP during Q3 of 2024 increased by 0.8% compared to Q2 of 2024.