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Saudi records 1.4pc GDP growth

JEDDAH, October 3, 2016

Saudi Arabia’s gross domestic product, adjusted for inflation, rose 1.4 percent from a year earlier in the second quarter of 2016, a report said.

It was the slowest growth since the 0.3 percent recorded in the first quarter of 2013, said the Arab News report. The kingdom posted 1.5 percent growth in the first quarter.

It said the oil sector expanded 1.6 percent from a year ago, while the non-oil sector grew 0.4 percent.
 




Tags: | GDP | Arab News |

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