The non-oil sector in Saudi Arabia has grown 2.9% in the first quarter of 2021, according to the Saudi Statistics Authority's data
According to Arab Net, Saudi GDP at fixed prices fell by 3% in the first quarter of 2021, compared with the same quarter of 2020.
The Commission reported that this was 11.7%, while the non-oil sector recorded a positive growth of 2.9%, after registration of 4.4%, while the government sector recorded a slight drop of 0.4% compared to the same quarter of the previous year .
The Commission noted that the growing GDP saw a drop of 0.5% in the first quarter of 2021, compared with the fourth quarter of 2020.
This was due to a decline in the growth rate in the oil sector by 8.7%. / p>
The initial estimates issued by the Statistics Authority, indicated 3.3% in the first quarter of the year compared to the same period last year, affected by oil production reductions, but the non-oil economy of the Kingdom grew 3.3%, to achieve recovery from the pandemic.
The World Bank, in a recent report, has expect Saudi Arabia growth of 2.4% this year and 3.3% next year.
The International Monetary Fund (IMF) has expected real GDP growth in Saudi Arabia by 2.1% this year and 4.8% next year, compared to a former IFAD appreciation at 4%.
