Saudi GDP rises 1.2% in Q1 2018

01/07/2018 Argaam

 

Saudi Arabia’s gross domestic product (GDP) rose 1.2 percent year-on-year (YoY) to SAR 647.8 billion in Q1 2018, according to the General Authority for Statistics.

 

The non-oil sector’s GDP increased 1.6 percent YoY to SAR 371.02 billion in the same period.

 

Meanwhile, the oil sector’s GDP edged up 0.6 percent YoY to SAR 273.3 billion in Q1. The sector accounted for 42.2 percent of total GDP during the quarter, down from 42.4 percent in the same period last year.

 

GDP Q1 2018

Sector

Q1 2017

Q1 2018

Variation

Oil Sector

          271.59      

273.28

+0.6%

Non Oil Sector

Private Sector

253.42

256.27

+1.1%

Public Sector

111.71

114.75

+2.7%

Total

365.14

371.02

+1.6%

Total oil & non-oil sectors

 

636.73

644.30

+1.2%

Import duties

 

3.66

3.46

(5.5%)

GDP

 

640.39

647.76

1.2%

 

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