Riyadh – Mubasher: Saudi Arabia’s gross domestic product (GDP) rose by 1.8% in the second quarter (Q2) of 2021, compared to Q2-20, according to official data.

The positive GDP growth was mainly attributed to an 8.4% increase in the non-oil sector, besides a positive growth rate of 11.1% by the private sector and 2.3% by the government sector.

On the other hand, the oil sector recorded a decline of 6.9% in Q2-21 compared to Q2-20, according to estimates published by the General Authority for Statistics (GaStat) on Monday.

On a quarterly basis, Saudi Arabia’s seasonally adjusted GDP saw a growth of 0.6% compared to Q1-21, due to a 2.4% increase in the oil sector, while the private and government sectors declined by 0.5%.

As for the size of the Saudi economy at current prices, the GDP amounted to SAR 735.03 billion in Q2-21. The private sector meanwhile accounted for 48.0% of GDP, followed by the oil sector with a share of 29.3%, and the government sector with 22.6%.

GDP per capita at current prices reached SAR 20.6 billion in Q2-21, an increase of 27.9% from Q2-20 and 3.6% compared to Q1-21.