The Saudi economy shrank in the third quarter to 1.8 percent in the fourth quarter.

صحيفة الاقتصادية

The Saudi economy shrank in the third quarter to 1.8 percent in the fourth quarter.

Saudi GDP fell 1.8% in the first quarter of 2024 on a yearly basis, but at a rate lower than the previous 40 years as a result of a decline in the oil sector from the previous three quarters to 10.6%, while the non-oil sector grew at 2.8%, continuing to rise to the next 12 years, while government activity rose at 2.2%, and the decline comes in conjunction with a decline in oil production to about 9 million barrels a day, within the framework of …