Economic Indicators

Saudi Arabia’s economy estimated to grow 9.6% in Q1 on oil activities

05/01/2022

Less than a minute

2022.05.01 14:25

Saudi Arabia's economy estimated to grow 9.6% in Q1 on oil activities
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.

05/01/2022

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