GASTAT: Real GDP Grows by 4.4% in Q4 2024
The General Authority for Statistics (GASTAT) released flash estimates indicating that real Gross Domestic Product (GDP) grew by 4.4% in the fourth quarter of 2024 compared to the same period in 2023. This marks the highest growth rate in two years, driven by key economic activities.
According to the estimates, non-oil activities expanded by 4.6%, oil activities grew by 3.4%, and government activities increased by 2.2% year-over-year.
Additionally, seasonally adjusted real GDP rose by 0.3% in Q4 2024 compared to Q3 2024.
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