World: doped by petroleum prices, the GDP of Saudi Arabia remains at the highest

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Un supertanker au port pétrolier de Ras al-Khair, dans l'est de l'Arabie Saoudite. En mai, le royaume avait annoncé son taux de croissance le plus important en dix ans, avec une hausse de 9,6 % au premier trimestre 2022 par rapport à la même période l’an dernier, déjà grâce à l’essor du secteur pétrolier. © Giuseppe a supertanker at the oil port in Ras al-Khair, in eastern Saudi Arabia. In May, the kingdom announced its largest growth rate in ten years, with an increase of 9.6 % in the first quarter of 2022 compared to the same period last year, already thanks to the boom in .

The GDP of Saudi Arabia increased by almost 12 % in the second quarter of 2022, thanks to the rise in oil prices, the authorities of the rich Gulf monarchy announced on Sunday. Among the main gross exporters in the world, Saudi Arabia has benefited from in recent months from an outbreak of oil prices after the post-Cavid recovery and also to the war in Ukraine, after several years of decline that had affected The first Arab economy.

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"The real GDP of Saudi Arabia increased by 11.8 % in the second quarter of 2022 compared to the second quarter of 2021", according to estimates published by the General Authority for Statistics. This growth is due to "the significant increase in oil activities by 23.1 %, in addition to the increase in non-oil activities by 5.4 %", she said.


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Growth of 9.6% already in the first quarter

The crown prince of Saudi Arabia, who has been leading the country since 2017,

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received the American president, Joe Biden

in early July, and met this week the French head of state, Emmanuel Macron . But like the United Arab Emirates, Riyadh, who leads OPEC +with Moscow, sticks to the production commitments of this powerful cartel in exporting countries. Saudi Arabia should see its GDP grow 7.6 % in 2022 compared to last year, according to the International Monetary Fund.

Saudi sisters found dead in Sydney told acquaintance queer women ‘live in fear’ in their homeland .
Resilience NSW is set to be dismantled and its Commissioner Shane Fitzsimmons will be stood down.

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