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.

Saudi Arabia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus 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




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Canada 2.90 Dec/17
Spain 2.90 Mar/18
United States 2.90 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
Euro Area 2.50 Mar/18
Australia 2.40 Dec/17
Germany 2.30 Mar/18
Brazil 2.10 Dec/17
France 2.10 Mar/18
Switzerland 1.90 Dec/17
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
United Kingdom 1.20 Mar/18
Japan 0.90 Mar/18


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