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Saudi GDP growth continues on back of high oil prices

Saudi Arabia’s non-oil economy is also growing, boding well for its ambitious economic diversification projects.
FAYEZ NURELDINE/AFP via Getty Images

Saudi Arabia’s economy is continuing to post strong numbers. 

The Saudi General Authority for Statistics reported Thursday that the kingdom’s gross domestic product increase 8.8% in the third quarter of 2022 compared to the same period last year. GDP also increased 2.2% from the second quarter of 2022. 

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