Riyadh – Mubasher: Saudi Arabia’s gross domestic product (GDP) at constant prices increased 3.59% year-on-year in the fourth quarter of 2018.
The kingdom’s GDP at constant prices amounted to SAR 682.51 billion ($181.84 billion) in Q4-18, compared to SAR 658.89 billion ($175.55 billion) in Q4-17, according to data released by the General Authority for Statistics (GASTAT).
The GCC nation’s oil GDP at constant prices grew 5.96%, while the non-oil GDP rose 2% during Q4-18, the state-run statistics agency said.
The Saudi body further indicated that the private sector’s GDP increased 1.96%, whereas the public sector’s GDP went up 2.07% at the end of Q4-18.
Meanwhile, the kingdom’s GDP at current prices levelled up 10.25% year-on-year to SAR 747.74 billion in Q4-18, compared to SAR 678.2 billion.
