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Economic Indicators

10 Feb 2022

Saudi Arabia’s GDP Soars by 6.8% in Q4 of 2021

Saudi Arabia’s GDP Soars by 6.8% in Q4 of 2021

The Index Today

Saudi Arabia’s GDP surged by 6.8% in the fourth quarter of 2021. Official flash estimates revealed on Thursday that the Q4 soar has contributed to the country’s aggregate annual growth by 3.3% last year.

According to the General Authority for Statistics, the current growth was supported by a 10.8% boost in oil and a 5% soar in other economic developments. Government services in the country have also reportedly risen by 2.4%.