Saudi Arabia records real 4% GDP growth in Q1

Saudi Arabia’s seasonally adjusted real gross domestic product (GDP) of non-oil activities and government service activities recorded a positive growth of 4% in the first quarter (Q1) of 2021, compared to Q4 2020.

Meanwhile, the year-on-year change of non-oil activities reached a positive growth of 3.3%, reported Saudi Press Agency (SPA), citing estimates published by the kingdom’s General Authority for Statistics (GASTAT).

The flash estimates for quarterly GDP provide more timely information on the Saudi economy to decision makers and users for economic activities. Moreover, international organizations use the seasonal adjusted data to make economic comparisons between countries.

Source: http://www.tradearabia.com/news/BANK_382268.html