Saudi Arabia's economy grew by 9.6% in the first quarter of 2022, compared to a year earlier, according to flash government estimates on Sunday, as a recovery in the oil sector drove the strongest growth in more than a decade.

During the first quarter, oil activity in Saudi Arabia increased by 20.4% and non-oil activity by 3.7%, the estimates showed.

Pakistan, Saudi Arabia to discuss augmenting kingdom's $3 billion deposit

If the estimates are confirmed, they would mark the highest growth rate since 2011, the Saudi General Authority for Statistics said.


Comments are closed.