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Asharq Al-Awsat

Asharq Al-Awsat

Saudi GDP Grows 11.8% Year/year in Q2

General Authority for Statistics Oil Saudi Arabia

A night view of Riyadh, Saudi Arabia. (Getty Images)

Saudi Arabia's gross domestic product rose by 11.8% in the second quarter compared with the same period in 2021, according to initial government estimates on Sunday amid higher world energy prices.

Growth was largely driven by a 23.1% increase in oil activities, the General Authority for Statistics said, while non-oil activities expanded 5.4%.

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