dubai dec 14 reuters  saudi arabias economy grew 7 in the third quarter from a year earlier official data showed on tuesday the expansion was slightly bigger than official estimates of a 68 annual growth during the period read more quarteronquarter the economy of the worlds biggest oil exporter grew by 57 the general authority for statistics said economic growth was mainly driven by oil activities which increased by 93 yearonyear while the nonoil economy expanded by 63 year on year it added the largest arab economy was hit hard last year by the twin shocks of the covid19 pandemic and recordlow oil prices but it rebounded this year amid easing coronavirus restrictions higher oil prices and production hikes riyadh said on sunday it expected the economy to grow 29 this year and 74 next year read more