Saudi non-oil activities up 4.4% in Q2, says report
RIYADH, July 31, 2024
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.
