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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Saudi GDP up 12.2% in Second Quarter, Exceeding Initial Estimate

A night view of Riyadh, Saudi Arabia. (AP)

Saudi Arabia's real gross domestic product expanded by 12.2% in the second quarter compared with the same period of 2021, data showed on Wednesday, as the world's top oil exporter reaps the rewards of high crude prices and a post-pandemic recovery.

The second quarter growth figure exceeded a flash government estimate at the end of July of 11.8% GDP growth. The economy grew 2.2% from the first quarter.

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