The Saudi economy achieved a positive growth of 6.8 percent during the fourth quarter of last year compared to the same period in 2020, thanks to economic activities that witnessed a rise in various sectors.
The real GDP in Saudi Arabia managed during the previous year to achieve a growth of 3.3 percent, compared to the decline it witnessed in 2020 of -4.1 percent, as a result of the economy recovering from the emerging Corona crisis through the growth of non-oil activities, to be the fastest growth achieved since 2015.
According to the estimates of the General Authority for Statistics, the Kingdom's real GDP witnessed a growth due to the significant increase in oil and non-oil activities by 10.8 percent and 5 percent, respectively, while government services activities recorded an increase of 2.4 percent. According to the authority, real GDP recorded an increase of 1.6 percent during the fourth quarter of 2021, compared to the third quarter of the same year. This is due to the positive growth witnessed in oil activities by 1.8 percent, in addition to an increase in non-oil activities by 1.5 percent. Government activities also achieved a growth of 1.2 percent.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
