Saudi Arabia's real GDP grew by 3.9% in the first quarter compared to Q1 2022, according to a report by the General Authority for Statistics (GASTAT).

 

Flash estimates of GDP for Q1 of 2023, issued in GASTAT, showed a 5.8% increase in non-oil activities over Q1 of 2022, and a 1.3% increase in oil activities over Q1 of 2022.

 

Seasonally adjusted real GDP decreased by 1.3% in Q1 of 2023 compared to the Q4 of 2022, it added.