Saudi Arabia’s gross domestic product (GDP) saw a marginal decrease of 0.4% year-on-year (YoY) to SAR 651.4 billion by the end of Q3 2019, data issued by the General Authority for Statistics (GASTAT) showed.
The non-oil sector’s GDP rose by 4.3% YoY to SAR 376.07 billion in the same period.
On the other hand, the oil sector’s GDP dropped by 6.4% YoY to SAR 271.22 billion in Q3 2019. The sector contributed 41.5% to the Kingdom’s GDP during the quarter, down from 44.3% in the same period last year.
|
GDP |
||||
|
Sector |
Q3 2018 |
Q3 2019* |
Variation |
|
|
Oil Sector |
289.87 |
271.22 |
(6.4%) |
|
|
Non-Oil Sector |
Private Sector |
261.60 |
272.63 |
+4.2% |
|
Public Sector |
98.88 |
103.44 |
+4.6% |
|
|
Total |
360.48 |
376.07 |
+4.3% |
|
|
Total oil & non-oil sectors |
|
650.35 |
647.29 |
(0.5%) |
|
Import fees |
|
4.03 |
4.10 |
+1.7% |
|
GDP |
|
654.37 |
651.39 |
(0.45%) |
* Preliminary data.
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