S Arabia revises up Q1 growth to highest rate
Wednesday, 8 June 2022
RIYADH, June 07 (Arab News): Saudi Arabia's gross domestic product growth has been revised up to 9.9 per cent from 9.6 per cent, according to a press release from the General Authority for Statistics, also known as GASTAT.
The growth is the highest since 2011 and is due to the high increase in oil activities, GASTAT said.
In the first quarter of 2022, year-on-year growth in the oil sector stood at 20.3 per cent.