Over 4.87 million Iftar meals served at Two Holy Mosques during first week of Ramadan Madinah Emir attends Iftar with Prophet's Mosque imams    Romanian far-right presidential hopeful barred from poll rerun    Canada's next leader takes aim at Trump, vows to win trade war    Grown frustrated with the republic, many Nepalis want the monarchy back    North Korean hackers cash out hundreds of millions from $1.5bn ByBit hack    Prince Frederik of Luxembourg dies from rare disease    Interior Ministry guidelines include six prohibitions at Makkah Grand Mosque during Ramadan    Saudi Exchange approves Morgan Stanley Saudi Arabia as Market Maker on eight listed securities    Saudi Arabia enhances security and services at Prophet's Mosque during Ramadan    Saudi Arabia's GDP grows 1.3% in 2024, driven by non-oil sector expansion    Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum    Saudi Arabia spends $724 million to implement 1,072 projects to empower women in 79 countries    Al Shabab stuns 10-man Al Nassr with late equalizer; Al Hilal closes gap at the top    World Bank estimates Lebanon needs $11 billion for economic recovery and reconstruction    Saudi taekwondo star Dunia Abu Talib wins IOC gender equality award for Asia    Kanté rescues Al Ittihad with last-gasp equalizer against Al Qadsiah    Mitrović returns to boost Al Hilal ahead of crucial clashes, Savić sidelined    Real-life shipwreck story wins major book award    Islamic Arts Biennale celebrates Ramadan with 'Biennale Nights' in Jeddah    Nora Razian and Sabih Ahmed appointed artistic directors for 2026 Diriyah Contemporary Art Biennale    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi Economy Recovers from Coronavirus Pandemic in Q2 2021, Achieves a Growth of 1.5%
Published in Saudi Press Agency on 09 - 08 - 2021

The General Authority for Statistics issued today through its official website www.stats.gov.sa the flash estimates of the Gross Domestic Product (GDP) growth rate for the second quarter of 2021.
According to these flash estimates, the GDP of Saudi Arabia recorded a positive growth rate for the first time since the start of COVID-19 pandemic by (1.5%) in Q2/2021, compared to Q2 2020. This positive growth rate was due to the increase in Non-oil activities in the same period by (10.1%) in addition to the increase in Government activities by (0.7%).
Seasonally adjusted real GDP recorded a positive growth rate of (1.1%) in Q2/2021, compared to the previous quarter (Q1 2021), while the seasonally adjusted real GDP of the non-oil activities recorded a positive growth of 1.3% in the same quarter.
The flash estimates of the quarterly GDP is the estimation process of the quarterly national accounts performed shortly after the end of the reference quarter. It is published after 40 days from the end of the reference quarter, when data for that quarter is still incomplete. It is the same estimates that are made in the quarterly national accounts, but adopt simplified assumptions about the extrapolation of some indicators (monthly or quarterly) and many indicators are used related to production, expenditures, income, price and foreign trade. Flash estimates of quarterly GDP relate to the entire national economy and it is presented without any details of economic sectors and activities.
Decision-makers, academics, and researchers who want to obtain a long-term future view of the GDP data of the economic activities use the flash estimates. In addition, international organizations use the seasonally adjusted data to make economic comparisons between countries of the world.
The General Authority for Statistics is the official and only statistical reference for statistical data and information in Saudi Arabia. It implements all statistical work, technical supervision of the statistical sector, design and implementation of field surveys, conduct of statistical studies and research, data and information analysis. The Authority also handles all work of documenting and preserving information and statistical data, which cover all aspects of life in Saudi Arabia from its multiple sources. Moreover, it is responsible of the codification of these data and information, its classification, its analysis, and the extraction of its statistical indicators.


Clic here to read the story from its source.