Saudi Arabia’s gross domestic product (GDP) rose 1.2 percent year-on-year (YoY) to SAR 647.8 billion in Q1 2018, according to the General Authority for Statistics.
The non-oil sector’s GDP increased 1.6 percent YoY to SAR 371.02 billion in the same period.
Meanwhile, the oil sector’s GDP edged up 0.6 percent YoY to SAR 273.3 billion in Q1. The sector accounted for 42.2 percent of total GDP during the quarter, down from 42.4 percent in the same period last year.
|
GDP Q1 2018 |
||||
|
Sector |
Q1 2017 |
Q1 2018 |
Variation |
|
|
Oil Sector |
271.59 |
273.28 |
+0.6% |
|
|
Non Oil Sector |
Private Sector |
253.42 |
256.27 |
+1.1% |
|
Public Sector |
111.71 |
114.75 |
+2.7% |
|
|
Total |
365.14 |
371.02 |
+1.6% |
|
|
Total oil & non-oil sectors |
|
636.73 |
644.30 |
+1.2% |
|
Import duties |
|
3.66 |
3.46 |
(5.5%) |
|
GDP |
|
640.39 |
647.76 |
1.2% |
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