The Gross Domestic Product (GDP) in Saudi Arabia contracted 0.05 percent in the first quarter of 2018 over the previous quarter. GDP Growth Rate in Saudi Arabia averaged 0.96 percent from 2010 until 2018, reaching an all time high of 8.50 percent in the fourth quarter of 2010 and a record low of -2.10 percent in the first quarter of 2017.

GDP Growth Rate in Saudi Arabia is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Saudi Arabia to stand at 0.50 in 12 months time. In the long-term, the Saudi Arabia GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

Saudi Arabia GDP Growth Rate
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Saudi Arabia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.05 0.05 8.50 -2.10 percent [+]
GDP Annual Growth Rate 1.61 1.15 24.20 -20.70 percent [+]
GDP 683.83 644.94 756.35 4.19 USD Billion [+]
GDP Constant Prices 639248.00 647759.00 1925394.03 476504.51 SAR Million [+]
Gross Fixed Capital Formation 153061.00 597751.00 597751.00 101572.00 SAR Million [+]
GDP per capita 20796.32 21380.50 39125.40 14253.50 USD [+]
GDP per capita PPP 49045.41 50423.01 50723.70 39194.80 USD [+]
GDP From Agriculture 15949.00 16063.00 16063.00 10354.00 SAR Million [+]
GDP From Construction 27111.00 28833.00 31972.00 21969.00 SAR Million [+]
GDP From Manufacturing 78900.00 81493.00 81493.00 53468.00 SAR Million [+]
GDP From Mining 256428.00 252124.00 267939.00 189221.00 SAR Million [+]
GDP From Transport 37098.00 38341.00 39980.00 24028.00 SAR Million [+]
GDP From Utilities 9920.00 3720.00 14575.00 3141.00 SAR Million [+]


Saudi Arabia GDP Growth Rate

Saudi Arabia has an oil-based economy. Shipments of oil account for 87 percent of total exports and for 46 percent of GDP. In recent years, in order to diversify the economy, the government has been investing in telecommunications, petrochemicals, natural gas exploitation and power generation sectors. This page provides - Saudi Arabia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.05 0.05 8.50 -2.10 2010 - 2018 percent Quarterly




Country Last Previous
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
Singapore 3.00 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
France 0.40 Sep/18
Australia 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Turkey -1.10 Sep/18
Argentina -4.00 Jun/18


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