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Saudi Arabia's GDP grows by 2.8% in Q4 2020

RIYADH, February 11, 2021

The seasonally adjusted real gross domestic product (GDP) of Saudi Arabia recorded a growth rate of 2.8% in the fourth quarter (Q4) of 2020 compared to the third quarter of 2020, a media report said.

The flash estimates for quarterly GDP published by the General Authority for Statistics (GASTAT) provide more timely information on the Saudi economy to decision makers and users for economic activities, reported Saudi Press Agency (SPA).

Moreover, international organizations use the seasonal adjusted data to make economic comparisons between countries, it added.

 




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