The greatest producer of crude oil in the world, Saudi Arabia, had its GDP increase by 8.6% in the third quarter compared to the same period last year, according to preliminary government figures released today, Monday.
According to Saudi Arabia’s General Authority for Statistics, the increase in economic activity was primarily caused by an increase of 14.5% in oil-related operations and a 5.6% increase in non-oil activities.
The Kingdom declared a growth in GDP for the second quarter of 12 in September.
2 percent, topping an early prediction of a growth of 11 at the end of July. 8% due to the high price of oil.
The Ministry of Finance released the third quarter’s financial data on Monday.
the 301’s revenue. Over the same period last year, 87 billion riyals (80. 14 billion USD) represented a 24% increase.
The costs increased by 22% to 287. 73 billion riyals in the third quarter compared to the same quarter last year.
The nation reported a 14 percent budget surplus.
14 billion riyals for the third quarter, and oil revenues 229. Two billion two riyals.
In the third quarter, Saudi Arabia’s GDP increased by 8.6%.
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