According to preliminary estimates released by Saudi Arabia's General Statistics Authority on the 30th, Saudi Arabia's real GDP fell 4.8% year on year in the second quarter of this year, dragged down by significant negative growth in the petroleum sector. Analysts pointed out that this shows that the war in the Middle East has had a huge impact on the economy of Saudi Arabia, the world's largest oil exporter, and the entire Gulf region. According to the data, the Saudi oil sector shrank by 24.7% in the second quarter, and the non-oil sector grew by 0.9%; the oil sector contributed negative 5.4 percentage points to economic growth during the quarter, while the non-oil sector was 0.4 percentage points. The Saudi General Statistics Authority said that the above data is a quick estimate made without obtaining complete quarterly data, and the data may be adjusted later based on the quarterly national accounts accounting results. The data shows that in the first quarter of this year, Saudi Arabia's real GDP grew by 3.0% year on year.

According to preliminary estimates released by Saudi Arabia's General Statistics Authority on the 30th, Saudi Arabia's real GDP fell 4.8% year on year in the second quarter of this year, dragged down by significant negative growth in the petroleum sector. Analysts pointed out that this shows that the war in the Middle East has had a huge impact on the economy of Saudi Arabia, the world's largest oil exporter, and the entire Gulf region. According to the data, the Saudi oil sector shrank by 24.7% in the second quarter, and the non-oil sector grew by 0.9%; the oil sector contributed negative 5.4 percentage points to economic growth during the quarter, while the non-oil sector was 0.4 percentage points. The Saudi General Statistics Authority said that the above data is a quick estimate made without obtaining complete quarterly data, and the data may be adjusted later based on the quarterly national accounts accounting results. The data shows that in the first quarter of this year, Saudi Arabia's real GDP grew by 3.0% year on year.