By Majed Al Shabib

Riyadh – Mubasher: Saudi Arabia’s gross domestic product fell by 11.93% in the second quarter at current prices to SAR 631 billion, compared with SAR 716.5 billion in the same period a year ago. However, it rose 3.79% year-on-year at real prices, according to a report issued by Department of General Statistics and Information.

The GDP of the government sector achieved a rise in its value in real terms by 3.04% during the second quarter, while its current prices increased by 22.6% to SAR 138.03 billion.

The private sector recorded a rise in its value in real terms by 3.09% in the second quarter, and at current prices traded higher in value by 5.28%, rising to SAR 293.18 billion, compared to SAR 278.49 billion in the corresponding quarter of the previous year.

The value of gross domestic product of the oil sector decreased at current prices by 39.07%, while its real value prices rose 5.1%, as it reached SAR 194.56 billion.

Translated by Sayed Abdel Rahman