1.8% growth in GDP supported by the non-oil sector


The Kingdom’s gross domestic product at constant prices increased by 1.8% during the second quarter of 2021 on an annual basis. The growth of the Saudi economy came, according to the quarterly report issued by the General Authority for Statistics yesterday; As a result of the increase achieved by the non-oil sector by 8.4%; With the private sector increasing by 11.1% and the government sector by about 2.3%, and on a quarterly basis, the seasonally adjusted GDP increased by 0.6% during the second quarter of 2021 compared to the previous quarter, and the GDP was affected on a quarterly basis; The growth rate in the oil sector increased by 2.4%, while the private and government sectors recorded a decrease of 0.5% each. The value of the GDP at constant prices amounted to 608.79 billion riyals in the second quarter of 2021, compared to 597.84 billion riyals in the same quarter of last year. The value of the domestic product of the oil sector decreased to 238.36 billion riyals, compared to 256.04 billion riyals in the same quarter of 2020, while the value of the non-oil sector’s GDP increased to 366.53 billion riyals, compared to 338.17 billion riyals in the second quarter of last year, and the gross domestic product amounted to At the current prices of the Kingdom, 735.03 billion riyals, with the private sector contributing 48%, the oil sector by 29.3%, and the government sector by 22.6%.

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