Saudi economy expands by 11.8% in Q2; fastest pace in 11 years

RIYADH: Real gross domestic product of Saudi Arabia increased by 11.8 percent in the second quarter of 2022 from a year ago, according to flash estimates by the General Authority for Statistics,

This is the fastest pace in 11 years, the data showed. 

The growth was mainly driven by the increase in oil activities by 23.1 percent.

Non-oil activities grew by 5.4 percent, and the government services activities by 2.2 percent.