Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Saudi's economy grew by 8.8% in Q3 2022 due to high non-oil and oil activities
Posted on December 19, 2022 |
The oil-related activity grew by 14.2%, non-oil activities by 6%, and government activities recorded a growth of 2.5% on an annual basis, which drove the growth.
In quarterly comparison, the seasonally adjusted real GDP grew by 2.1 %, as oil activities grew by 4.5%, government activities by 1.5%, and non-oil activities fell by 0.5%.
The GDP at current prices soared to 1.036 trillion riyals ($275.53 billion) in the Q3, with crude petroleum and natural gas activities contributing 35.2%, followed by government service activities, at a rate of 14.1%, then manufacturing activities, except oil refining, with a contribution of 7.8%.