Saudi non-oil growth shows economy rebounding strongly post-COVID-19: Minister

RIYADH: Saudi Arabia is recovering strongly from the COVID-19-prompted economic slowdown and registered a non-oil economic growth rate of 5.4 percent in the second quarter of 2022, according to the Kingdom’s Finance Minister Mohammed Al-Jadaan. 

Saudi Arabia’s gross domestic product grew at a revised rate of 12.2 percent in the second quarter from a year earlier, the fastest since 2011, the latest report from the General Authority for Statistics released on Wednesday revealed.