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GASTAT: Real GDP of Saudi Arabia grows by 12.2% in Q2 of 2022

Riyadh -- According to estimates by the General Authority for Statistics (GASTAT), real Gross Domestic Product (GDP) of Saudi Arabia grew by 12.2% in the second quarter (Q2) of 2022 compared to second quarter (Q2) of 2021. In comparison to Q1 of 2022, the real GDP growth was 2.2%. This growth is mainly due to the high increase in oil activities by 22.9% y-o-y (4.4% q-o-q). Non-oil activities increased by 8.2% y-o-y (4.5% q-o-q). Government activities increased by 2.4% y-o-y (0.4% q-o-q).

GASTAT is the only official statistical reference for statistical data and information in Saudi Arabia. It carries out all the statistical work, in addition to the technical oversight of the statistical sector. It also designs and implements field surveys, conducts statistical studies and researches, analyzes data and information, in addition to documenting and archiving all works of information and statistical data that cover all aspects of life in Saudi Arabia from its multiple sources. Data are written, classified, and analyzed; their indicators are extracted as well.

Source: Saudi Press Agency