Saudi Arabia GDP Annual Growth Rate 1969-2018 | Data | Chart | Calendar

Saudi Arabia's gross domestic product increased 1.15 percent year-on-year in the first quarter of 2018, recovering from a 1.18 percent decline in the previous period. The reading marked the first expansion since the second quarter 2016, as output rebounded for mining and quarrying (0.75 percent vs -4.77 percent in Q4), namely crude and natural gas (0.69 percent vs -4.85 percent) while production of other rose faster (6.33 percent vs 4.50 percent). Also, output expanded at a faster pace for: electricity, gas, and water (1.14 percent vs 0.45 percent in Q4); manufacturing (3.27 percent vs 0.82 percent), and finance, insurance, real estate and business services (2.09 percent vs 0.82 percent ). In addition, output contracted less for construction (-2.43 percent vs -3.53 percent). GDP Annual Growth Rate in Saudi Arabia averaged 4.12 percent from 1969 until 2018, reaching an all time high of 24.20 percent in the fourth quarter of 1973 and a record low of -20.70 percent in the fourth quarter of 1982.

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Calendar	GMT		Actual	Previous	TEForecast
2018-01-02	11:00 AM	GDP Growth Rate YoY	-0.43%	-1.03%	-1.5%
2018-04-01	04:50 AM	GDP Growth Rate YoY	-1.18%	-0.43%	1%
2018-07-01	07:00 AM	GDP Growth Rate YoY	1.2%	-1.18%	1.5%
2018-09-25	03:00 PM	GDP Growth Rate YoY		1.2%	1.5%
2018-12-28	09:00 AM	GDP Growth Rate YoY			1.3%

Saudi Arabia GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-0.05	0.05	8.50	-2.10	percent	[+]
GDP Annual Growth Rate	1.15	-1.18	24.20	-20.70	percent	[+]
GDP	683.83	644.94	756.35	4.19	USD Billion	[+]
GDP Constant Prices	647759.00	659754.00	1925394.03	476504.51	SAR Million	[+]
Gross Fixed Capital Formation	139437.00	173074.00	199621.00	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	16063.00	13205.00	16063.00	10354.00	SAR Million	[+]
GDP From Construction	28833.00	29671.00	31972.00	21969.00	SAR Million	[+]
GDP From Manufacturing	81493.00	78051.00	81493.00	53468.00	SAR Million	[+]
GDP From Mining	252124.00	253677.00	266625.00	189221.00	SAR Million	[+]
GDP From Transport	38341.00	39532.00	39532.00	24028.00	SAR Million	[+]
GDP From Utilities	3720.00	5934.00	14575.00	3141.00	SAR Million	[+]

Saudi Arabia GDP Annual Growth Rate

Saudi Arabia is the world´s biggest producer of oil and oil extraction accounts for 46 percent of GDP. The services sector represents 36 percent of the wealth including government services (13 percent), wholesale and retail trade and restaurants and hotels (8 percent) and financing, insurance and real estate (7.9 percent). Other sectors are: manufacturing (10 percent), construction and electricity, gas and water distribution (6 percent) and agriculture, forestry and fishing (2 percent). This page provides the latest reported value for - Saudi Arabia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Saudi Arabia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.15	-1.18	24.20	-20.70	1969 - 2018	percent	Quarterly

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GDP annual growth rate by Country

Country	Last		Previous	Highest	Lowest
India	8.20	Jun/18	7.7	11.4	-5.2	%	Quarterly
China	6.70	Jun/18	6.8	15.4	3.8	%	Quarterly
Indonesia	5.27	Jun/18	5.06	7.16	1.56	%	Quarterly
Turkey	5.20	Jun/18	7.3	11.7	-14.4	%	Quarterly
Singapore	3.90	Jun/18	4.5	19	-8.8	%	Quarterly
Australia	3.40	Jun/18	3.2	9	-3.4	%	Quarterly
Switzerland	3.40	Jun/18	2.9	5.8	-3.7	%	Quarterly
Netherlands	2.90	Jun/18	2.8	6.1	-4.9	%	Quarterly
United States	2.90	Jun/18	2.6	13.4	-3.9	%	Quarterly
South Korea	2.80	Jun/18	2.8	19.6	-7.4	%	Quarterly
Spain	2.70	Jun/18	3	5.6	-4.3	%	Quarterly
Mexico	2.60	Jun/18	1.4	9	-9.1	%	Quarterly
Euro Area	2.10	Jun/18	2.4	5	-5.5	%	Quarterly
Germany	2.00	Jun/18	2.1	7.2	-6.8	%	Quarterly
Canada	1.90	Jun/18	2.3	9.3	-4.1	%	Quarterly
Russia	1.90	Jun/18	1.3	12.1	-11.2	%	Quarterly
France	1.70	Jun/18	2.1	12.6	-3.8	%	Quarterly
United Kingdom	1.30	Jun/18	1.2	9.7	-6.1	%	Quarterly
Italy	1.20	Jun/18	1.4	10.3	-7.2	%	Quarterly
Saudi Arabia	1.15	Mar/18	-1.18	24.2	-20.7	%	Quarterly
Brazil	1.00	Jun/18	1.2	10.1	-5.6	%	Quarterly
Japan	1.00	Jun/18	1	9.4	-8.8	%	Quarterly
South Africa	0.40	Jun/18	0.8	7.1	-2.6	%	Quarterly
Argentina	-4.20	Jun/18	3.9	16.2	-16.3	%	Quarterly