The General Authority for Statistics (GASTAT) issued today the Gross Domestic Product (GDP) and National Accounts indicators for Q3 of 2024. According to GASTAT's estimates, the real GDP achieved a growth rate of 2.8% during Q3 of 2024 compared to the same period of the previous year, supported by a 4.3% growth in non-oil activities compared to the same period of the previous year.

Oil activities also recorded a slight growth of 0.05% during Q3 of 2024 compared to the same period of the previous year, while government activities achieved a positive growth of 3.1% compared to the same period of the previous year.

Based on the results of the publication, the seasonally adjusted real GDP rose by 0.9% in Q3 of 2024 by 0.9% compared to Q2 of 2024.