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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Bandar Al-Mosalam

Saudi Economy Grows by 8.8% in Third Quarter

Economy Oil General Authority for Statistics Faisal alIbrahim Saudi Arabia GDP
Saudi Minister of Finance speaks during the Budget 2023 Forum on Sunday in Riyadh (Photo: Saleh Al-Ghannam)

The General Authority for Statistics announced on Sunday that Saudi Arabia’s economy grew by 8.8 percent in the third quarter of 2022.

This growth was driven by the rise of oil-related activity by 14.2 percent, and non-oil activities by 6 percent, while government activities recorded a growth of 2.5 percent on an annual basis.

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