Al-Marsad newspaper: The Saudi economy achieved during the year 2022 AD a growth in the gross domestic product that amounted to 8.7%, as this rate is the highest growth rate among the G20 countries during this year, despite the complex economic conditions and challenges experienced by the countries of the world, exceeding the expectations of international organizations that reached in Its maximum estimate is 8.3%, while the current growth rate is the highest annual rate in the last decade, according to what was issued by the General Authority for Statistics today, according to the GDP report and national accounts indicators for the fourth quarter of 2022.
Gross Domestic Production
In the same context, the General Authority for Statistics announced that the gross domestic product, at current prices, amounted to more than one trillion US dollars in 2022 AD, which is the first time that the gross domestic product in the Kingdom of Saudi Arabia has achieved this total value, supported by the diversity of activities that contributed to achieving it, as it achieved all Economic activities have positive growth rates during the year 2022, as the contribution of crude oil and natural gas activities reached 32.7%, followed by government services activities by 14.2%, followed by manufacturing activities except oil refining by 8.6%, then wholesale and retail trade activities, restaurants and hotels with a contribution of 8.2% .
real domestic product
The results of the report revealed a positive growth in non-oil activities by 5.4% during the year 2022. Transportation, storage and communications activities reached the highest growth rates in non-oil activities by 9.1%, followed by manufacturing activities, except for oil refining, by 7.7%.
Within the framework of the fourth quarter of 2022 AD, the report revealed that real gross domestic product increased by 5.5% compared to the same quarter of the previous year, as non-oil activities increased by 6.2% compared to what it was in the same period of the previous year. The report also showed output growth. The real GDP of oil activities during the fourth quarter of 2022 AD increased by 6.1% compared to what it was in the same period of the previous year 2021 AD, while the seasonally adjusted real GDP during the fourth quarter of 2022 AD increased by 1.3% compared to what it was in the third quarter of 2022 AD .
