Saudi Arabia posted strong gross domestic product (GDP) numbers on Tuesday.
The Saudi General Authority for Statistics reported that the Saudi GDP grew by 8.7% in 2022 and 5.4% in the fourth quarter of the year. Saudi Arabia’s oil and non-oil sectors both contributed to the growth. Oil-related activities increased by 6.1%, and non-oil activities grew 6.2% throughout the year, the authority said in a press release.