Saudi non-oil activities rise by 4.4% in 2023: GASTAT

RIYADH: Saudi Arabia’s non-oil activities demonstrated a significant growth of 4.4 percent in 2023 compared to the previous year, official data showed.  

Additionally, government activities in the Kingdom experienced a rise of 2.1 percent in 2023 compared to the preceding year, according to a report released by the General Authority for Statistics. 

The report, however, noted that Saudi Arabia’s gross domestic product decreased by 0.8 percent in 2023, attributed to a decline in oil activities. This reduction aligned with the Kingdom’s decision to reduce its crude output, in accordance with the agreement of the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+