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صحيفة مكة
Economy Grows 3% Thanks to Resilience
The national economy demonstrated a high level of resilience, contributing to a 3% growth in Gross Domestic Product (GDP) during the first quarter of the year. This growth was driven by developments in oil and non-oil activities, as well as government sectors, amid a decline in the annual inflation rate and an improved trade balance. Additionally, the Private Non-Oil Sector Purchasing Managers' Index rose to 52.8 points in May, reflecting ongoing economic expansion. The digital content sector experienced qualitative developments that enhanced its role as a driver of digital transformation, with the market size increasing to 24.5 billion riyals and expected to reach 33.6 billion riyals by 2030.
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