Saudi Arabia's fourth-quarter GDP falls 3.7% year-on-year on decline in oil activities

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Riyadh, Saudi Arabia.

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Saudi Arabia's fourth-quarter real GDP fell 3.7% year-on-year, according to the government's flash estimates.

The drop was a result of a 16.4% decline in oil activities, the report stated. Non-oil activities and government activities expanded by 4.3% and 3.1%, respectively, year-on-year.

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