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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

FORGOTTEN HISTORY: Saudi gdp grows 9 9 in q1 - The Untold Story

Oil GDP General Authority for Statistics Saudi Arabia Arabia
A night view of Riyadh, Saudi Arabia. (Getty Images)

Saudi Arabia's gross domestic product grew 9.9% in the first quarter, the fastest in a decade and more than a flash estimate last month of 9.6%, official data showed on Tuesday.

It was the fastest expansion since the third quarter of 2011 with the increase in oil production a key factor, said Monica Malik, chief economist at Abu Dhabi Commercial Bank.

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