The Latest Breaking News from GDP

Saudi Arabia has ranked first globally in terms of the value of date exports in 2021, which stood at SAR1.215 billion ($320 million), according to the International Trade Center’s TradeMap. The National Center for Palms and Dates stated that the achievement reflects the wise leadership’s keenness to enhance non-oil exports…

The U.S.-led economic grouping of a dozen countries representing 40 per cent of the global GDP proposes to advance resilience, economic growth, competitiveness and fairness in member countries. However, some analysts view it as a move to counter China’s growing influence in the region.

The decline would be the highest among those of South Asian countries, say analysts

MUMBAI: Upcoming release of official data for economic performance is likely to register a 2.7 per cent growth for the January-March period, and the FY22 growth is expected to be 8.5 per cent, economists at SBI said on Thursday.

Gross Domestic Product report for the first quarter is scheduled for release at 8:30 a.m. ET. The second estimate for first-quarter GDP is expected to show a 1.3% contraction versus the first estimate's 1.4% contraction.

Li Keqiang tells State Council China needs to strike a better balance between pandemic control and economic development as Covid measures weigh on GDP

Entrepreneurship is the backbone of any free-market economy. Globally, small and medium-sized businesses represent roughly 90 per cent of businesses and employ over 50 per cent of the workforce. They also contribute about 45 per cent to gross domestic product (GDP).

For two years, it seemed as though China’s ruthless COVID-19 policy had paid off. After stumbling in its initial efforts to stem the pandemic, China’s rulers fixed a simple numeric target — zero COVID cases — and made sure everyone knew they had to reach it. The results looked severe…

The information and communication technology (ICT) sector’s contribution to the Saudi GDP reached SAR 146.9 billion ($39 billion) during the past year, with predictions it could reach SAR 200 billion ($53 billion) in 2022, a recent report revealed. Published by the Research and Information Center of the Chamber of Commerce…

Saudi Finance Minister Mohammed al-Jadaan announced that the Kingdom expects a 7.4 percent growth in 2022. Speaking at a panel on the economic outlook for the MENA region at the World Economic Forum in Davos (WEF), Jadaan explained that Saudi oil GDP would grow 19 percent this year due to…

Slower growth is needed to help cool inflation.