Saudi GDP rises by 2.2% in 2018

31/01/2019 Argaam Special

 

Saudi Arabia’s gross domestic product (GDP) rose by 2.21 percent year-on-year (YoY) to SAR 2.63 trillion in 2018, according to the General Authority for Statistics.

 

The non-oil sector’s GDP increased 2.1 percent YoY to SAR 1.48 trillion in the same period, accounting for 56.2 percent of GDP.

 

The oil sector’s GDP edged up 2.85 percent YoY to SAR 1.13 trillion in 2018, accounting for around 43.2 percent of total GDP.

 

GDP 2018

Sector

2017

2018*

Variation

Oil Sector

1,103.17

1,134.60

+2.85%

Non Oil Sector

Private Sector

1,015.21

1,032.88

+1.74%

Public Sector

431.44

443.50

+2.79%

Total

1,446.65

1,476.37

+2.05%

Total oil & non-oil sectors

 

2,549.82

2,610.98

+2.40%

Import fees

 

18.75

14.49

(22.73%)

GDP

 

2,568.57

2,625.46

+2.21%

*Initial data.                                                                                                                   

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