Official data showed that the Saudi economy achieved a slight growth of about 0.3% during the year 2019, which came below expectations, due to a decrease of 3.6% in the oil sector.
>
Despite the decrease in overall growth, the non-oil sector grew by 3.3% in real prices last year, according to figures issued by the General Authority for Statistics.
Saudi Arabia had officially expected GDP growth of 0.9% in 2019.
Standard & Poor's expected early February, that the Kingdom's GDP would grow to exceed 2% during the years 2020 and 2021.
