Saudi GDP grows 3.4% in Q1, outpacing flash estimates
Saudi Arabia’s economy grew more than expected in the first quarter of 2025, on non-oil and government activities, beating earlier government estimates.
The kingdom’s first quarter gross domestic product (GDP) grew 3.4% year-on-year, beating flash estimates of 2.7% suggested by the country’s General Authority for Statistics in May.
The growth was driven in part non-oil activities, which rose 4.9%, beating earlier estimates of 4.2%. Government activities grew 3.2% mirroring last month’s forecast
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