The Information and Electronic Government Authority issued the initial estimates of the 2024 national accounts, which showed that the gross domestic product of fixed prices increased by 2.6% compared to the previous year.
While the oil sector declined, affected by the fluctuations of global oil prices and reducing production, the non -oil sector achieved growth of 3.8%, which reflected the strategies of the Kingdom’s government in targeting the vital sectors to achieve economic development comprehensive dimensions.
The report also pointed to the issuance of financial activities and insurance activities of the largest non -oil sectors, contributing to the real GDP by 17.2%, followed by the manufacturing industry by 15.1%.
Most economic activities have achieved positive growth rates issued by information and communications activity as the highest non -oil activities at a rate of 12.3%, followed by professional, scientific and technical activities at a rate of 9.5%, and then the activities of residence and food services by 5.9% at fixed prices.
