Saudi Arabia.. GDP grows by 2.8% in the third quarter of 2024

-0.28%

Tadawul All Shares Index

TASI.SA

11859.47

-0.28%

Riyadh - Mubasher: The General Authority for Statistics issued today, Thursday, rapid estimates of the real GDP growth rate for the third quarter of 2024.

According to the statistics report, the real GDP of the Kingdom of Saudi Arabia achieved a growth of 2.8% during the third quarter of 2024 compared to the third quarter of 2023.

Rapid estimates revealed that oil activities achieved a growth of 0.3% during the third quarter of 2024 compared to the same period of the previous year, and non-oil activities achieved a positive growth of 4.2% compared to the same period of the previous year, and government activities achieved a positive growth of 3.1% compared to the same period of the previous year.

The report results showed that the seasonally adjusted real GDP during the third quarter of 2024 achieved an increase of 0.8% compared to what it was in the second quarter of 2024.

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