Saudi Arabia’s real GDP grew by 4.4 per cent in the fourth quarter of 2024 compared to the same period a year earlier, marking the highest growth rate in two years, according to the General Authority for Statistics (GASTAT) flash estimates.
The expansion was driven by a 4.6 per cent rise in non-oil activities and a 3.4 per cent increase in oil activities, while government activities grew by 2.2 per cent.
On a quarterly basis, seasonally adjusted real GDP edged up by 0.3 per cent from the third quarter of 2024.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama