Riyadh: The General Authority for Statistics (GASTAT) issued flash estimates of the real Gross Domestic Product (GDP) for the fourth quarter of 2024, where it achieved a growth rate of 4.4% compared to the same period of the previous year, marking the highest growth rate in the last two years driven by the main economic activities.
According to Saudi Press Agency, the estimates also showed that non-oil activities achieved a growth rate of 4.6%, oil activities of 3.4%, and government activities of 2.2%, compared to the same period of the previous year.
Additionally, the seasonally adjusted real GDP increased by 0.3% in the fourth quarter of 2024 compared to the third quarter of the same year.