The data from the Saudi General Authority for Statistics showed that the Saudi non-oil GDP grew by 4.9 percent in the first quarter of 2021.
According to the authority, the real GDP of the non-oil sector achieved during the first quarter of 2021 a positive growth of 2.9 percent, compared to what it was in the same period of the previous year 2020, while it achieved a positive growth of 4.9 percent, compared to what it was in the fourth quarter of 2020.
The Kingdom’s seasonally adjusted GDP decreased by 0.5% in the first quarter of 2021, compared to the fourth quarter of 2020 (on a quarterly basis), due to the decrease in the growth rate in the oil sector by 8.7%, while the non-oil sector recorded a positive growth of 4.9. The growth in the non-oil sector is due to the positive growth achieved by the private sector by 6.3 percent, as well as the growth in the government sector by 1.7 percent.
Source (Asharq Al-Awsat Newspaper, Edited)
