<\/p>\n
Saudi Arabia\u2019s real gross domestic product (GDP) decreased by 0.3% in the second quarter of 2024 compared to the same quarter of 2023, while seasonally adjusted real GDP grew by 1.4% compared to the first quarter of 2024, according to estimates by the General Authority for Statistics (GASTAT).<\/p>\n
Non-oil activities increased by 4.9% Y-o-Y and 2.1% Q-o-Q. Government activities grew by 3.6% Y-o-Y and 2.3% Q-o-Q. In contrast, oil activities declined by 8.9% Y-o-Y, while increased by 0.9% Q-o-Q, it said.<\/p>\n
Government final consumption expenditure grew by 10.9% Y-o-Y and 4.3% Q-o-Q in Q2\/2024. Gross fixed capital formation increased by 3.2% Y-o-Y, while declining by 4.5% Q-o-Q. Private final consumption expenditure increased by 2.8% Y-o-Y and 1.0% Q-o-Q.<\/p>\n
Imports decreased by 0.9% Y-o-Y and 1.7% Q-o-Q also exports declined by 5.8% Y-o-Y and 0.6% Q-o-Q.<\/p>\n
Most economic activities recorded positive growth rates on an annual basis. Electricity, gas, and water activities achieved the highest growth rate in Q2\/2024, amounting to 8.9% Y-o-Y and 2.7% Q-o-Q, followed by financial services, insurance, and business services activities, which grew by 7.1% Y-o-Y and 1.8% Q-o-Q. Additionally, wholesale and retail trade, restaurants, and hotels activities grew by 6.8% Y-o-Y and 1.5% Q-o-Q, it said.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Saudi Arabia\u2019s real gross domestic product (GDP) decreased by 0.3% in the second quarter of 2024 compared to the same quarter of 2023, while seasonally adjusted real GDP grew by 1.4% compared to the first quarter of 2024, according to estimates by the General Authority for Statistics (GASTAT). Non-oil activities increased by 4.9% Y-o-Y and […]<\/p>\n","protected":false},"author":1,"featured_media":2432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Saudi-Arabia-55.jpg",670,438,false],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Saudi-Arabia-55-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Saudi-Arabia-55-300x196.jpg",300,196,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Saudi-Arabia-55.jpg",670,438,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2431"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2431\/revisions"}],"predecessor-version":[{"id":2433,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2431\/revisions\/2433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2432"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}