Riyadh, September 07, 2023, According to estimates published in a study by the General Authority for Statistics (GASTAT), Saudi Arabia's real GDP increased by 1.2% in Q2 2023 compared to Q2 2022. The analysis indicated that non-oil activities would expand by 6.1% over 2022, government activities would increase by 2.3% over 2022, and oil activities would fall by 4.3% over 2022. The research states that when compared to Q1 of 2023, seasonally adjusted real GDP fell by 0.2% in 2023's second quarter.
In Saudi Arabia, GASTAT is the only recognized source for statistical data and information. It handles all statistical work and is responsible for the technical direction of the statistical industry. Additionally, it plans and executes field surveys, carries out statistical research and studies, analyzes data, and documents and archives all works, including information and statistical data on every facet of Saudi Arabian life. Data is collected, organized, and analyzed; indicators are then drawn from the data.
