{"id":3534,"date":"2025-03-06T18:51:20","date_gmt":"2025-03-06T15:51:20","guid":{"rendered":"https:\/\/relinvestmentsgroup.com\/?p=3534"},"modified":"2025-03-07T01:54:41","modified_gmt":"2025-03-06T22:54:41","slug":"realnyj-vvp-saudovskoj-aravii-vyros-na-4-4-v-chetvertom-kvartale-chto-yavlyaetsya-samym-vysokim-pokazatelem-za-dva-goda","status":"publish","type":"post","link":"https:\/\/relinvestmentsgroup.com\/en\/realnyj-vvp-saudovskoj-aravii-vyros-na-4-4-v-chetvertom-kvartale-chto-yavlyaetsya-samym-vysokim-pokazatelem-za-dva-goda\/","title":{"rendered":"Saudi real GDP grows 4.4% in Q4, highest in two years"},"content":{"rendered":"<p><\/p>\n<p class=\"p2\">Saudi Arabia\u2019s real GDP grew by 4.4% y-o-y in Q4 2024, the highest growth rate in two years, driven by a 4.6% rise in non-oil GDP, while oil GDP also increased by 3.4%, according to estimates by GASAT.<\/p>\n<p class=\"p1\"><span class=\"Apple-converted-space\">\u00a0<\/span>Saudi Arabia recorded SAR57.7 billion ($15.38 billion) budget deficit in Q4 2024, widening from SAR30.2 billion ($8.05 billion) in Q3. Total government revenues fell 15.4% y-o-y to SAR302.9 billion, while expenditure declined 8.7% y-o-y to SAR360.5 billion, noted an Al Rajhi Capital research report.<\/p>\n<p class=\"p1\"><span class=\"Apple-converted-space\">\u00a0<\/span>Non-oil exports rose 18.1% y-o-y in December, compared to 20.4% y-o-y growth in November. The increase was led by Chemical Products (+13.8% y-o-y).<\/p>\n<p class=\"p1\"><span class=\"Apple-converted-space\">\u00a0<\/span>Saudi Arabia\u2019s non-oil private sector saw its strongest growth in a decade in January 2025, with PMI rising to 60.5, driven by surging new orders and business activity, said<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p2\">Cement sales jumped 7.3% y-o-y to 5 million tons in January, up from 4.7 million tons a year earlier.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"Apple-converted-space\">\u00a0<\/span>Consumer spending rose 11.1% y-o-y to SAR127 billion ($33.86 billion) in January 2025. The value of POS transactions grew 8.2% y-o-y, while cash withdrawals increased 4.0% y-o-y. E-commerce surged 44.6% y-o-y. Jewellery (+24.7% y-o-y) and Clothing &amp; Footwear (+13.9% y-o-y) saw the highest growth in POS transactions.<\/p>\n<p class=\"p1\"><span class=\"Apple-converted-space\">\u00a0<\/span>Consumer Price Index (CPI) increased by 1.97% y-o-y in January (+1.93% y-o-y in December), mainly driven by rentals increase (+8.05% y-o-y).<\/p>\n<p class=\"p1\"><span class=\"Apple-converted-space\">\u00a0<\/span>Wholesale Price Index (WPI) rose 0.86% y-o-y in January (1.20% y-o-y in December), mainly due to a 1.52% increase in Other Transportable Goods.<\/p>\n<p class=\"p2\">Meanwhile, the spot Brent crude price fell 2.8% on average in February, amid concerns over the global economic outlook and rising trade.<\/p>\n<p class=\"p1\"><span class=\"Apple-converted-space\">\u00a0<\/span>Saudi oil production averaged 8.94 mbpd in January 2025, slightly down from 8.95mbpd in December 2024. Crude oil exports declined by 60 kbd to 6.16m bpd in December 2024.<\/p>\n<p class=\"p1\"><span class=\"Apple-converted-space\">\u00a0<\/span>Index of Industrial Production (IIP) IIP increased 2.1% y-o-y in December, mainly driven by a 6.3% rise in Manufacturing Industry activity.<\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia\u2019s real GDP grew by 4.4% y-o-y in Q4 2024, the highest growth rate in two years, driven by a 4.6% rise in non-oil GDP, while oil GDP also increased by 3.4%, according to estimates by GASAT. \u00a0Saudi Arabia recorded SAR57.7 billion ($15.38 billion) budget deficit in Q4 2024, widening from SAR30.2 billion ($8.05 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/03\/Saudi-Arabia-33-1140x445.png",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/03\/Saudi-Arabia-33-463x348.png",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/03\/Saudi-Arabia-33-300x225.png",300,225,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/03\/Saudi-Arabia-33.png",1200,900,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3534","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=3534"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3534\/revisions"}],"predecessor-version":[{"id":3536,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3534\/revisions\/3536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3535"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}