Saudi Arabia’s economy grows by 8.7% in 2022; Highest growth rate in last 10 years

Saudi Arabia’s GDP rose by 8.7% in 2022. The highest growth rate among G20 nations.

They claimed that in 2022. The Saudi GDP will surpass 1 trillion dollar for the 1st time in the country’s history at the present exchange rate.

The natural gas & crude oil sector contributed 32.7% to growth, followed by govt services (14.2%)

According to the research, non-oil activities will rise by 5.4% in 2022, with the biggest growth rate coming from the transportation, storage

And communications sector at 9.1%, followed by production process other than oil refining at 7.7%

(ShreeMetalPrices) Saudi Arabia's GDP rose by 8.7% in 2022, the highest growth rate among G20 nations, According to a study released by the General Administration for Statistics.