Saudi Arabia GDP Annual Growth Rate

Saudi Arabia’s gross domestic product advanced 1.61 percent year-on-year in the second quarter of 2018, following a 1.15 percent growth in the previous period. Output rose faster for mining & quarrying (1.74 percent from 0.75 percent in Q1), namely crude & natural gas (1.73 percent from 0.69 percent) and finance, insurance, real estate & business services (4.25 percent from 2.09 percent). On the other hand, production expanded at a softer pace for manufacturing (3.23 percent from 3.27 percent) and agriculture, forestry & fishing (0.14 percent from 0.29 percent). Meanwhile, output fell for electricity, gas & water (-0.09 percent from 1.14 percent) and it declined further for construction (-3.19 percent from -2.43 percent) and wholesale & retail trade, restaurants & hotels (-0.51 percent from -0.47 percent). GDP Annual Growth Rate in Saudi Arabia averaged 4.08 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
2018-04-01	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%
2018-09-30	11:15 AM	GDP Growth Rate YoY	1.6%	1.2%	1.5%
2018-12-31	09:00 AM	GDP Growth Rate YoY		1.6%	1.8%

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 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 November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.61	1.15	24.20	-20.70	1969 - 2018	percent	Quarterly

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Country	Last		Previous	Highest	Lowest
India	8.20	Jun/18	7.7	11.4	-5.2	%	Quarterly
China	6.50	Sep/18	6.7	15.4	3.8	%	Quarterly
Turkey	5.20	Jun/18	7.3	11.7	-14.4	%	Quarterly
Indonesia	5.17	Sep/18	5.27	7.16	1.56	%	Quarterly
Australia	3.40	Jun/18	3.2	9	-3.4	%	Quarterly
Switzerland	3.40	Jun/18	2.9	5.8	-3.7	%	Quarterly
United States	3.00	Sep/18	2.9	13.4	-3.9	%	Quarterly
Mexico	2.60	Sep/18	2.6	9	-9.1	%	Quarterly
Singapore	2.60	Sep/18	4.1	19	-8.8	%	Quarterly
Spain	2.50	Sep/18	2.5	5.6	-4.3	%	Quarterly
Netherlands	2.40	Sep/18	3.1	6.1	-4.6	%	Quarterly
South Korea	2.00	Sep/18	2.8	19.6	-7.4	%	Quarterly
Canada	1.90	Jun/18	2.3	9.3	-4.1	%	Quarterly
Euro Area	1.70	Sep/18	2.2	5	-5.5	%	Quarterly
Saudi Arabia	1.61	Jun/18	1.15	24.2	-20.7	%	Quarterly
France	1.50	Sep/18	1.7	12.6	-3.8	%	Quarterly
United Kingdom	1.50	Sep/18	1.2	9.7	-6.1	%	Quarterly
Russia	1.30	Sep/18	1.9	12.1	-11.2	%	Quarterly
Germany	1.10	Sep/18	2	7.2	-6.8	%	Quarterly
Brazil	1.00	Jun/18	1.2	10.1	-5.6	%	Quarterly
Italy	0.80	Sep/18	1.2	10.3	-7.2	%	Quarterly
South Africa	0.40	Jun/18	0.8	7.1	-2.6	%	Quarterly
Japan	0.30	Sep/18	1.4	9.4	-8.8	%	Quarterly
Argentina	-4.20	Jun/18	3.9	16.2	-16.3	%	Quarterly