Economic Indicators
Saudi Arabia’s economy estimated to grow 9.6% in Q1 on oil activities
2022.05.01 14:25
Buildings are seen in Riyadh, Saudi Arabia February 16, 2021. REUTERS/Ahmed Yosri
(Reuters) – Saudi Arabia’s economy grew 9.6% in the first quarter of 2022, compared to a year earlier, powered by oil activities, according to flash government estimates on Sunday.
That would be the highest growth rate since 2011, according to the Saudi General Authority for Statistics.