The Saudi economy contracted in the first quarter

0
172

The latest data released by General Authority for Statistics Slight shrinkage in Kingdom’s economy Saudi Arabia during the first quarter of 2024.

Real GDP fell by 1.8% compared to the same period in 2023.

This contraction is due to a decline in oil activities by 10.6%, while non-oil activities witnessed a moderate growth of 2.8%. Government activities increased by 2% during the same period.

LEAVE A REPLY

Please enter your comment!
Please enter your name here