Saudi Arabia economy grew 3.9% in Q1 boosted by non-oil activities

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Saudi Arabia economy grew 3.9% in Q1 compared to last year

Non-oil activities grew by 5.8% in the first quarter from a year prior, the General Authority for Statistics said, citing flash estimates, while oil activities grew by 1.3%.

Government services activities grew by 4.9%, it said.Seasonally adjusted real GDP decreased by 1.3% in the first quarter of this year, compared with the previous quarter as a result of a decline in oil activities by 4.8%, the report said.

 

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