Riyadh March 10 2025: Saudi Arabia real gross domestic product grew by 1.3% during the year 2024 compared to the previous year, according to the General Authority of Statistics report.
In terms of quarterly estimates, the real GDP will increase during the fourth quarter of 2024 by 4.5% compared to the corresponding quarter of the previous year, and this is due to the growth at the level of all economic activities, where non-oil activities achieved growth by 4.7%, while oil activities achieved growth by 3.4%, in addition to the growth of government activities by 2.2% on an annual basis.
In this context, the results of the report stated that the seasonally adjusted real gross domestic product achieved a relative growth of 0.5% during the fourth quarter of 2024 compared to what it was in the third quarter of 2024.
It is worth mentioning that most of the economic activities achieved positive growth rates during the year 2024, in line with the goals of the Saudi Vision 2030 to achieve a prosperous economy, reflecting the success of the vision programs and legislative reforms and expressing the progress made in major projects and national strategies.
