Saudi Arabia’s Non-Oil Activities Grow by 4.9% in Q2 2024

Non-oil activities and government activities in Saudi Arabia witnessed a growth of 4.9% and 3.6%, respectively, in the second quarter of 2024, compared to the same period of 2023, according to estimates by the Saudi General Authority for Statistics (GASTAT), The seasonally adjusted real GDP in the second quarter of 2024 increased by 1.4% compared to the first quarter of 2024. The real GDP decreased by 0.3% in the second quarter of 2024 compared to the same period of 2023, affected by the 8.9% decline in oil activities. Source: Qatar News Agency