Saudi: Economy grows by 6.8% in Q4 of 2021

The real Gross Domestic Product (GDP) of the Kingdom of Saudi Arabia grew by 6.8% in Q4 of 2021 compared to Q4 of 2020.

This positive growth was due to the high increase in oil activities by 10.8%. Non-oil activities increased by 5.0% and government services activities increased by 2.4% year-on-year.

The seasonally adjusted real GDP grew by 1.6% in Q4 of 2021 compared to the previous quarter (Q3 of 2021). This increase in GDP was a result of the growth in oil activities by 1.8%, non- oil activities increased by 1.5% and government services activities grew by 1.2%.

Comments