RIYADH: The Saudi economy is back to growth in 2021 after a year of contraction due to the pandemic.
The Kingdom's real gross domestic product grew 3.3 percent last year compared to a contraction of 4.2 percent in 2020 when the pandemic paralyzed most economic activities, official data showed.
GDP Flash Estimates: Saudi Economy grows by 6.8% in Q4/2021 and 3.3% for the Year 2021.
To view the results:https://t.co/E800HMdgO8 pic.twitter.com/v06bXHJazI
— الهيئة العامة للإحصاء (@Stats_Saudi) February 10, 2022
Saudi real GDP went up by 6.8 percent in the fourth quarter from a year ago thanks to a strong growth in non-oil activities, according to data from the General Authority for Statistics.
"This increase in GDP resulted of the economy recovering from the COVID-19 crisis through the growth of non-oil activities by 6.6 percent, government services activities also increased by 1.5 percent and oil activities grew by 0.2 percent," the authority known as Gastat said in a statement.
