According to the results of the bulletin, real GDP grew by 1.3 % during 2024 compared to the previous year. According to the results of the publication, real GDP grew by 1.3 % during 2024 compared to the previous year, with non-oil and government activities increasing by 4.3 % and 2.6 %, respectively, while oil activities decreased by 4.51 %.
According to the results of the publication, real GDP grew by 1.3 % during 2024 compared to the previous year.
4.5 % rise in GDP
In terms of quarterly estimates, real GDP increased during the fourth quarter of 2024 by 4.5 % compared to the same quarter of the previous year, due to growth across all economic activities, as non-oil activities grew by 4.71 %, oil activities grew by 3.41 %, and government activities grew by 2.2 % year-on-year.
In terms of quarterly estimates, real GDP increased by 4.5 % compared to the same quarter of the previous year, due to growth across all economic activities. In the same context, the results of the report stated that during the fourth quarter of 2024, seasonally adjusted real GDP grew by 0.5% compared to the third quarter of 2024.
In the fourth quarter of 2024, real GDP grew by 0.5% compared to the third quarter of 2024. It is noteworthy that most economic activities achieved positive growth rates during 2024, in line with the objectives of the Kingdom's Vision 2030 to achieve a prosperous economy that reflects the success of the vision programs and legislative reforms, and expresses the progress made in major projects and national strategies.
