Riyadh – Mubasher: Saudi Arabia’s gross domestic product (GDP) at constant prices shed 1.18% year-on-year during the fourth quarter of 2017, registering about SAR 659.75 billion, compared to SAR 667.66 billion in the year-ago period.
The kingdom's GDP at current prices recorded around SAR 670.12 billion in Q4-17 versus SAR 636.57 billion in the comparative period of 2016, according to data combined by the General Authority for Statistics (GASTAT).
Public sector’s GDP at constant prices grew 2.97 year-on-year to SAR 123.87 billion in the last three month of 2017, while the private sector’s GDP at constant prices rose 0.44% to SAR 251.49 billion in the three-month period ended 31 December.
The GDP of oil sector at constant prices dropped 4.27%, hitting SAR 277.87 billion in Q4-17 against SAR 290.26 billion in the last quarter in 2016, the GASTAT revealed.
