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Per capita GDP of Saudi up 28%

Saudi Arabia’s per capita gross domestic product (GDP) deluged by 27.9 percent. This surge has happened in the second quarter of 2021. This has been compared to the same period in 2020. The official date stated gave out this statement. This major dramatic growth has its own significance. This states that the Kingdom’s GDP per capita went from SR16,115 to SR20,605. This means that the quarter was the highest since the fourth period of 2019. This at that time was amounted to SR22,290.

The Q2 2021 rise also had a major rise. There was a 3.6 percent increase on the previous quarter. The was also a increase in GDP during the second quarter of 2021. This was ranged by 30 percent compared to the same period in 2020. Then it reached to SR735.03 billion. This result was given out by the General Authority GASTAT.

Around 48 percent of GDP was from the private sector. Following this the oil sector contributed a share of 29.3 percent. Then the government put in its share of 22.6 percent. GDP follows under the final spending at buyers’ prices. This also includes government final consumption spending, private final consumption spending, gross capital formation, and net exports.

Also Read : WORLD POWERS CALLED IN BY SAUDI ARABIA TO PREVENT IRAN FROM STRENGTHENING NUCLEAR CAPABILITIES

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