Saudi Arabia's non-oil activities grow by 4.4% in Q2 2024 despite overall GDP decline
Saudi non-oil and government sectors expanded, revealing economic resilience despite a slight contraction in total GDP driven by declining oil output. This data highlights the critical importance of diverse, high-frequency statistics for monitoring economic diversification efforts and understanding structural shifts away from hydrocarbon dependence.
Source: saudigazette.com.saPublished on 2024-08-01