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DUBAI, Oct 31 (Reuters) - Saudi Arabia's real gross domestic product (GDP) contracted by 4.5% in the third quarter, according to | DUBAI, Oct 31 (Reuters) - Saudi Arabia's real gross domestic product (GDP) contracted by 4.5% in the third quarter, according to [https://www.fool.com/search/solr.aspx?q=preliminary%20government preliminary government] data on Tuesday, weighed down by a sharp fall in oil activity.<br><br>Oil activities decreased by 17.3% in the third quarter from a year earlier, the General Authority for Statistics data showed, pulling overall growth lower despite non-oil growth of 3.6% and expansion in government activities of 1.9%.<br><br>The kingdom, which is the world's top oil exporter, estimates overall GDP growth to slow [https://www.paramuspost.com/search.php?query=sharply&type=all&mode=search&results=25 sharply] in 2023 from last year, to 0.03%, [https://xaydungtrangtrinoithat.com/cong-ty-xay-dung-tai-binh-duong/ công ty xây dựng thủ dầu một] narrowly avoiding a contraction, and a budget deficit of 2% of GDP.<br><br>(Reporting by Rachna Uppal; Editing by Jacqueline Wong) | ||
Dernière version du 27 février 2024 à 09:39
DUBAI, Oct 31 (Reuters) - Saudi Arabia's real gross domestic product (GDP) contracted by 4.5% in the third quarter, according to preliminary government data on Tuesday, weighed down by a sharp fall in oil activity.
Oil activities decreased by 17.3% in the third quarter from a year earlier, the General Authority for Statistics data showed, pulling overall growth lower despite non-oil growth of 3.6% and expansion in government activities of 1.9%.
The kingdom, which is the world's top oil exporter, estimates overall GDP growth to slow sharply in 2023 from last year, to 0.03%, công ty xây dựng thủ dầu một narrowly avoiding a contraction, and a budget deficit of 2% of GDP.
(Reporting by Rachna Uppal; Editing by Jacqueline Wong)