HomeEconomySaudi Arabia's economy is estimated at 9.6% in Q1, driven by oil

Saudi Arabia’s economy is estimated at 9.6% in Q1, driven by oil

Saudi Arabia’s economy grew by 9.6% in the first quarter of 2022, compared to last year, according to flash government estimates on Sunday, as oil recovery recovery has seen the strongest growth in more than a decade.

During the first quarter, oil production in Saudi Arabia increased by 20.4% and non-oil activity by 3.7%, estimates were shown.

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