The Kingdom of Saudi Arabia's GDP at constant prices has increased by 1.8% during the second quarter of 2021 on an annual basis.
The growth of the Saudi economy came, according to the quarterly report issued by the General Authority for Statistics on Monday; As a result of the increase achieved by the non-oil sector by 8.4%; With the private sector increasing by 11.1% and the government sector by 2.3%, compared to a decrease by 6.9% for the non-oil sector.
On a quarterly basis, the seasonally adjusted GDP of the Kingdom of Saudi Arabia increased by 0.6% during the second quarter of 2021 compared to the previous quarter (the first quarter of the year same).
GDP impact, qoq; The growth rate of the oil sector increased by 2.4%, while the private and government sectors recorded a decrease of 0.5% each.
The gross domestic product at current prices of the Kingdom amounted to 735.03 billion riyals in the second quarter of 2021; Where the private sector contributed by 48%, while the oil sector contributed by about 29.3%, and the government sector by 22.6%.
The gross domestic product amounted to 564.21 billion riyals in the second quarter of 2020, and in the first quarter of 2021 it amounted to about 706.4 billion riyals.
The Kingdom's GDP at constant prices decreased by 3% during the first quarter of 2021 on an annual basis; affected by the contraction of the oil sector by 11.7%.
