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

Saudi Arabia's gross domestic product fell 1.18 percent year-on-year in the fourth quarter of 2017, following a 0.43 percent decline in the previous period. The reading marked the fourth straight quarter of contraction and the steepest since the fourth quarter 2009, as output continued to decline for mining and quarrying (-4.77 percent vs -4.75 percent in Q3), namely crude and natural gas (-4.85 percent vs -4.83 percent), and construction (-3.53 percent vs -1.57 percent). In addition, output grew at a softer pace for: wholesale & retail trade (1.45 percent vs 2.61 percent); manufacturing (0.82 percent vs 2.65 percent); and transport, storage & communication (1.74 percent vs 3.52 percent). Considering 2017 full year, the economy contracted by 0.74 percent, compared with 1.67 percent expansion in 2016. GDP Annual Growth Rate in Saudi Arabia averaged 4.17 percent from 1969 until 2017, 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
2017-10-02	11:00 AM	GDP Growth Rate YoY	-1.03%	-0.5%	1.9%
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%
2018-06-29	02:40 PM	GDP Growth Rate YoY		-1.18%	1.5%
2018-10-02	11:00 AM	GDP Growth Rate YoY			1.3%
2018-12-28	09:00 AM	GDP Growth Rate YoY			1.4%

Saudi Arabia GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.00	-0.20	8.50	-2.00	percent	[+]
GDP Annual Growth Rate	-1.20	-0.40	24.20	-20.70	percent	[+]
GDP	646.44	654.27	756.35	4.19	USD Billion	[+]
GDP Constant Prices	659754.00	637335.00	1925394.03	476504.51	SAR Million	[+]
Gross Fixed Capital Formation	173074.00	122263.00	199621.00	101572.00	SAR Million	[+]
GDP per capita	21395.40	21508.00	39125.40	14253.50	USD	[+]
GDP per capita PPP	50458.20	50723.70	50723.70	39194.80	USD	[+]
GDP From Agriculture	13205.00	15192.00	16032.00	10354.00	SAR Million	[+]
GDP From Construction	29671.00	29844.00	31972.00	21969.00	SAR Million	[+]
GDP From Manufacturing	78051.00	78607.00	81393.00	53468.00	SAR Million	[+]
GDP From Mining	253677.00	255225.00	266625.00	189221.00	SAR Million	[+]
GDP From Transport	39532.00	35576.00	39532.00	24028.00	SAR Million	[+]
GDP From Utilities	5934.00	14575.00	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. Within services the largest segments are: government services (13 percent of GDP), wholesale and retail trade and restaurants and hotels (8 percent) and financing, insurance and real estate (7.9 percent). Manufacturing constitutes 10 percent of GDP, 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 May of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-1.20	-0.40	24.20	-20.70	1969 - 2017	percent	Quarterly

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GDP annual growth rate by Country

Country	Last		Previous	Highest	Lowest
Turkey	7.30	Dec/17	11.3	11.7	-14.4	%	Quarterly
India	7.20	Dec/17	6.5	11.4	-5.2	%	Quarterly
China	6.80	Mar/18	6.8	15.4	3.8	%	Quarterly
Indonesia	5.06	Mar/18	5.19	7.16	1.56	%	Quarterly
Canada	2.90	Dec/17	3	8.8	-4.1	%	Quarterly
Spain	2.90	Mar/18	3.1	5.6	-4.3	%	Quarterly
United States	2.90	Mar/18	2.6	13.4	-4.1	%	Quarterly
Netherlands	2.80	Mar/18	2.9	6.1	-4.9	%	Quarterly
South Korea	2.80	Mar/18	2.8	19.6	-7.4	%	Quarterly
Euro Area	2.50	Mar/18	2.8	5	-5.5	%	Quarterly
Australia	2.40	Dec/17	2.9	9	-3.5	%	Quarterly
Germany	2.30	Mar/18	2.9	7.2	-6.8	%	Quarterly
Brazil	2.10	Dec/17	1.4	10.1	-5.6	%	Quarterly
France	2.10	Mar/18	2.6	12.5	-3.8	%	Quarterly
Switzerland	1.90	Dec/17	1.2	5.8	-3.4	%	Quarterly
Italy	1.40	Mar/18	1.6	10.3	-7.2	%	Quarterly
Mexico	1.30	Mar/18	1.5	9	-9.1	%	Quarterly
Russia	1.30	Mar/18	0.9	12.1	-11.2	%	Quarterly
United Kingdom	1.20	Mar/18	1.4	9.7	-5.9	%	Quarterly
Japan	0.90	Mar/18	1.8	9.4	-8.8	%	Quarterly