Saudi Arabia: Non-oil activities rise 3.4 percent in Q1 2024

Parliament Speaker highly appreciates Korea's contribution to humanitarian actions in Yemen

The Speaker of Parliament Sultan al-Barakani expressed thanks and gratitude to the government of south Korea for its significant contribution to relief, humanitarian and developments efforts in Yemen.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

China's foreign exchange reserves rise to $3.3991 trillion

China's total foreign exchange reserves made $3.3991 trillion at the end of last January, marking an increase of $41.2 billion, or 1.23 percent, compared to the end of December last year.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/08 Time 10:01:13
Latest News:

Prime Minister Receives Acting U.S. Ambassador

Prime Minister Receives Russian Ambassador, Discusses Enhancing Joint Cooperation

Yemeni Ambassador Discusses Enhancing Bilateral Relations with Jordanian Official

President al-Alimi Praises Role of Dhalea People in Deterring Imamate Agenda, Defending Republican System

Republican Decree on Government Formation, Naming its Members Issued

Saudi Arabia: Non-oil activities rise 3.4 percent in Q1 2024

[09/06/2024 02:12]

RIYADH-SABA
The General Domestic Production (GPD) in Saudi Arabia decreased with 1.7 percent compared to the first quarter of 2023, influenced by the retreat of oil businesses with 11.2

The General Authority for Statistics (GASTAT) released today its GDP and National Accounts First Quarter of 2024 report, where it revealed that real GDP decreased by 1.7% year-on-year. However, seasonally adjusted real GDP grew by 1.4% compared to the previous quarter.

According to the Saudi Press Agency (SPA) non-oil activities continued their upward trend, expanding by 3.4% year-on-year. Government activities also rose by 2.0% year-on-year. This diversification of the economy is a key pillar of Saudi Arabia's Vision 2030.

Non-oil activities now contribute a significant 50% of the GDP. This demonstrates the success of the vision's programs and reforms in fostering a more diverse and resilient economy, according to SPA.