Saudi Q4 GDP shrinks 4.3% y/y, official data show

Saudi Arabia’s real GDP contracted by 4.3% in Q4 as oil activity plummeted 16.2% due to crude output cuts. Real GDP for 2023 shrank 0.8% with a 9% decrease in oil activity and 4.4% growth in non-oil activity.

Leave a Reply

Your email address will not be published. Required fields are marked *

× Contact us for news, article submissions, and SEO services.