The Gross Domestic Product (GDP) in Saudi Arabia expanded 1.60 percent in the fourth quarter of 2021 over the previous quarter source: Central Department Of Statistics & Information

GDP Growth Rate in Saudi Arabia averaged 0.70 percent from 2010 until 2021, reaching an all time high of 8.40 percent in the fourth quarter of 2010 and a record low of -5.50 percent in the second quarter of 2020. This page provides - Saudi Arabia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia GDP Growth Rate - values, historical data and charts - was last updated on May of 2022.

GDP Growth Rate in Saudi Arabia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia GDP Growth Rate is projected to trend around 0.50 percent in 2022 and 1.00 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Saudi Arabia GDP Growth Rate



Related Last Previous Unit Reference
GDP Growth Rate 1.60 5.70 percent Dec 2021
GDP Annual Growth Rate 9.60 6.70 percent Mar 2022
GDP Constant Prices 705517.00 665228.00 SAR Million Dec 2021
Gross Fixed Capital Formation 198029.00 180383.00 SAR Million Dec 2021
GDP Growth Oil Sector 20.40 10.90 percent Mar 2022
GDP Growth Non Oil Sector 3.70 5.10 percent Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.60 5.70 8.40 -4.80 2010 - 2021 percent Quarterly
SA