Saudi Arabia’s Non-oil Activities Rise by 3.4% in Q1 2024

The General Authority for Statistics (GASTAT) has unveiled the report of GDP and National Accounts in the First Quarter of 2024, indicating a 3.4% growth in non-oil Activities during Q1 2024, reported Saudi Press Agency (SPA).

According to the report:

  • The Kingdom’s GDP declined by 1.7 percent in the first quarter compared to the same quarter of the previous year.
  • The seasonally adjusted real GDP grew by 1.4% compared to the previous quarter.
  • Non-oil activities hiked by 3.4 percent year-on-year in the first quarter of 2024.
  • Government activities also increased by 2.0% year-on-year.
  • Non-oil activities currently contribute a significant 50% of the GDP.

Related Topics:

GASTAT: Saudi Inflation Rate Maintains 1.8% in February

GASTAT: Saudi Witnesses Remarkable Increase in Non-Oil Exports

GASTAT: Saudi Industrial Production Marks 0.4% Increase in 2023


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