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

Deputy FM, Japanese Ambassador Discuss Bilateral Cooperation in Humanitarian and Development Sectors

Deputy Foreign Minister for Political Affairs, Dr. Mansour Bajash, met with the Japanese Ambassador to Yemen, Yoichi Nakashima, to discuss enhancing bilateral relations and cooperation between the two countries in various fields of mutual interest.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Korean autos exports rise 13.7 percent in November

South Korea's autos exports rose by 13.7 percent year-on-year in November, thanks to a notable increase in shipments of eco-friendly and hybrid models.

Barcelona Consolidates Lead in Spanish La Liga with Win Over Villarreal

Barcelona strengthened its position at the top of the Spanish La Liga table after defeating host Villarreal 2-0 in the 17th round of the competition.

Last Update: ، 2025/12/23 Time 12:53:10
Latest News:

Taiz Governorate Launches YR 350 Sanitation Project with Private Sector Partnership

Mujalli Discusses Latest Developments in Yemen with French Ambassador

Central Bank of Yemen Approves 2026 Budget

MASAM removes 2656 Houthis-laid landmines in 3 weeks

Yemenia Airways Announces Resumption of Flights from Aden to Abu Dhabi

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.