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Saudi GDP grew 3.2% in 2021, highest in seven years

Saudi economic progress includes growth in the non-oil sector, as foreign direct investment moves more slowly.
Saudi Crown Prince Mohammed bin Salman (R) and Bahrain's Crown Prince Salman bin Hamad al-Khalifa.

Saudi Arabia reported today that its gross domestic product (GDP) grew 3.2% for 2021. 

The growth was aided by a strong finish to the year, with Saudi GDP rising 6.7% in the fourth quarter of 2021, compared to the same period in 2020. The growth on the year was due to both the oil and non-oil sectors, and the latter increased 5.1% in the fourth quarter of 2021, the Saudi General Authority for Statistics said in a report

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