Saudi Arabia’s real GDP grew by 3.8 per cent in the first quarter of 2023, compared to Q1 of 2022.
Estimates of GDP for Q1 of 2023, issued in a report by the General Authority for Statistics (GASTAT), showed a 5.4 per cent increase in non-oil activities over Q1 of 2022, a 4.9 per cent increase in government activities over Q1 of 2022, and a 1.4 per cent increase in oil activities over Q1 of 2022.
According to the report, seasonally adjusted real GDP decreased by 1.4 per cent in Q1 of 2023 compared to the Q4 of 2022.
Saudi GDP forecasts
GASTAT is the only official reference for statistical data and information in Saudi Arabia. It carries out all statistical work, as well as the technical oversight of the statistical sector.
It also designs and implements field surveys, conducts statistical studies and researches, analyses data and information, and documents and archives all works containing information and statistical data on all aspects of life in Saudi Arabia.
It writes, classifies and analyses data, and extracts indicators from it.
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