RIYADH — According to estimates by the General Authority for Statistics (GASTAT), real Gross Domestic Product (GDP) of Saudi Arabia grew by 12.2% in the second quarter (Q2) of 2022, compared to the second quarter (Q2) of 2021. In comparison to Q1 of 2022, the real GDP growth was 2.2%.

This growth is mainly due to the high increase in oil activities by 22.9% y-o-y (4.4% q-o-q). Non-oil activities increased by 8.2% y-o-y (4.5% q-o-q). Government activities increased by 2.4% y-o-y (0.4% q-o-q).

GASTAT is the only official reference for statistical data and information on Saudi Arabia. It carries out all the statistical work, in addition to the technical oversight of the statistical sector. — SPA