Africa News Saudi GDP rises by 1.7% in Q1 2019

Saudi GDP rises by 1.7% in Q1 2019

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Saudi Arabia’s gross domestic product (GDP) rose 1.7 percent year-on-year (YoY) to SAR 660.7 billion by the end of Q1 2019, compared to SAR 649.9 billion a year earlier, data issued by the General Authority for Statistics (GASTAT) showed.

The non-oil sector’s GDP increased 2.13 percent YoY to SAR 381.37 billion in the same period.

The oil sector’s GDP rose 1.04 percent YoY to SAR 275.87 billion in Q1 versus SAR 273.03 billion a year earlier. The sector accounted for 41.8 percent of total GDP during the quarter, down from 42 percent in the same period last year.

GDP Q1 2019

Sector

Q1 2018

Q1 2019*

Variation

Oil Sector

273.03

275.87

+1.0%

Non Oil Sector

Private Sector

258.44

264.40

+2.3%

Public Sector

114.97

116.98

+1.7%

Total

373.41

381.37

+2.1%

Total oil & non-oil sectors

 

646.45

657.24

+1.7%

Import fees

 

3.43

3.45

+0.4%

GDP

 

649.88

660.68

+1.7%

*Initial data.

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