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Saudi Q3 GDP growth slowest in over three years

Saudi Q3 GDP growth slowest in over three years

Saudi’s GDP, adjusted for inflation, grew 0.9 per cent from a year earlier

Saudi Arabia’s gross domestic product, adjusted for inflation, grew 0.9 per cent from a year earlier in the third quarter of 2016, compared to 1.4 per cent in the second quarter, data from the Central Department of Statistics showed.

It was the slowest growth since 0.3 per cent in the first quarter of 2013.

SAUDI GDP Q3/16 Q2/16 Q1/16 Q4/15 Q3/15
(constant 2010 prices) (Y/Y) 0.9% 1.4% 1.5% 1.8% 4.5%

Oil sector 3.6% 1.6% 5.1% 4.5% 6.2%

Non-oil sector -0.7% 0.4% -0.7% -0.5% 2.9%

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