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.

Saudi Arabia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus 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




GDP annual growth rate by Country
Country Last
India 8.20 Jun/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Turkey 5.20 Jun/18
Singapore 3.90 Jun/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 2.90 Jun/18
United States 2.90 Jun/18
South Korea 2.80 Jun/18
Spain 2.70 Jun/18
Mexico 2.60 Jun/18
Euro Area 2.10 Jun/18
Germany 2.00 Jun/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Italy 1.20 Jun/18
Saudi Arabia 1.15 Mar/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
South Africa 0.40 Jun/18
Argentina -4.20 Jun/18


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