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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Fatehelrahman Yousif

Saudi Arabia Posts Highest Economic Growth Since 2011

Economic Growth GaStat Saudi Arabia Oil International Monetary Fund Economy GDP Kingdom Asharq AlAwsat
A general view of Riyadh, Saudi Arabia. (SPA)

The Saudi General Authority for Statistics (GASTAT) revealed on Sunday that the Kingdom’s real gross domestic product (GDP) jumped by 11.8 % year-on-year (YoY) in the second quarter of 2022.

The announcement countered International Monetary Fund projections that the economy will grow at 7.6% this year, the highest growth among world economies for 2022.

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