Saudi non-oil activities up 4.4% in Q2, says report

The kingdom's Gross Domestic Product (GDP) contracted by 0.4% for the three-month period ended June 30, 2024 compared to the same period last year

Staff Writer, TradeArabia

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The Kingdom of Saudi Arabia's non-oil and government activities grew 4.4% and 3.6%, respectively, during the second quarter of this year, reported state news agency SPA.

The kingdom's Gross Domestic Product (GDP) contracted by 0.4% for the three-month period ended June 30, 2024 compared to the same period last year, mainly due to a 8.5% fall in oil activities, stated the report citing data published by the General Authority for Statistics on Wednesday.

Its seasonally adjusted real GDP grew 1.4% in the second quarter compared to the previous three months, driven by non-oil activities.

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