Data from the General Authority for Statistics revealed that the Saudi economy grew by 8.8% in the third quarter of this year, compared to the same period of the previous year.
Compared to the previous quarter, the Kingdom's economy increased by 2.1%, as oil activities grew by 4.5%, government activities grew by 1.5%, while non-oil activities decreased by 0.5% on a quarterly basis.
The gross domestic product at current prices amounted to 1.036 trillion riyals in the third quarter of the year 2022, through which crude oil and natural gas activities achieved the highest contribution among economic activities by 35.2%, followed by government services with 14.1%.
The data issued today, Sunday, showed that the real domestic product of oil activities in the Kingdom achieved a positive growth of 14.2% on an annual basis.
The real GDP of non-oil activities during the third quarter of 2022 achieved a positive growth rate of 6% compared to the same period last year.
