Riyadh Bureau

Riyadh Bureau

Share this post

Riyadh Bureau
Riyadh Bureau
Saudi Q4 GDP down 3.9%

Saudi Q4 GDP down 3.9%

Oil sector sees biggest drop in ten years

Mar 17, 2021
∙ Paid
2

Share this post

Riyadh Bureau
Riyadh Bureau
Saudi Q4 GDP down 3.9%
4
Share

Saudi Arabia’s economy contracted by 3.9% in the fourth quarter of 2020 compared with the same period one year earlier, according to the latest data released Tuesday by the kingdom’s statistics authority.

The oil sector shrank by 8.5% and the non-oil sector by 0.8% in Q4 2020 compared with Q4 2019, but the same sectors rose by 2.6% and 2.4%, respectively…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Ahmed Al Omran
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share