Saudi Arabia's economy grew 6.8% year-on-year in the third quarter, the fastest growth since 2012, official data showed on Tuesday.
"This positive growth was due to the high increase in oil activities by 9.0% as a result of rising world demand for crude oil and the increase of Saudi production in 2021," said the General Authority for Statistics, based on flash estimates.
“Non-oil activities increased by 6.2% and government activities increased by 2.7% year-on-year,” it added.
Seasonally adjusted real gross domestic product (GDP) grew 5.8% quarter-on-quarter on the back of a 12.9% growth in oil activities, it said.
