Saudi Arabia GDP Annual Growth Rate  1969-2017 | Data | Chart | Calendar

Saudi Arabia's GDP shrank 0.5 percent year-on-year in the first quarter of 2017, compared to an upwardly revised 2.1 percent growth in the previous period. It was the first contraction since 2009, as output shrank for mining & quarrying (-2.3 percent from 3.8 percent in Q4 of 2016); electricity, gas and water (-1.6 percent from 5.8 percent) and construction (-3.2 percent from -2.2 percent). Also, growth slowed for manufacturing (2.3 percent from 3.1 percent); transport (1 percent from 4.4 percent) and finance, insurance, real estate (1.1 percent from 3.8 percent). In contrast, output rebounded for wholesale & retail trade, restaurants & hotels (0.3 percent from -2 percent). GDP Annual Growth Rate in Saudi Arabia averaged 4.39 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 Forecast (i)
2017-01-02 10:00 AM Q3 0.9% 1.4% 0.8%
2017-03-29 05:30 PM Q4 1.2% 0.9% 1.6%
2017-06-30 02:40 PM Q1 -0.5% 2.2% 1.7%
2017-09-28 09:00 AM Q2 -0.5% 1.9%
2017-12-28 09:00 AM Q3 2.1%




Saudi Arabia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.20 0.90 27.49 -11.10 percent [+]
GDP Annual Growth Rate -0.50 2.20 24.20 -20.70 percent [+]
GDP 646.44 654.27 756.35 4.19 USD Billion [+]
GDP Constant Prices 642962.83 668023.30 1925394.03 476504.51 SAR Million [+]
Gross Fixed Capital Formation 143142.00 140536.00 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 16032.00 13272.00 16032.00 10354.00 SAR Million [+]
GDP From Construction 29589.00 30346.00 31972.00 21969.00 SAR Million [+]
GDP From Manufacturing 81393.00 77718.00 81393.00 53468.00 SAR Million [+]
GDP From Mining 248631.00 264505.00 266625.00 189221.00 SAR Million [+]
GDP From Transport 38657.00 38853.00 38853.00 24028.00 SAR Million [+]
GDP From Utilities 3676.00 5907.00 13693.00 3141.00 SAR Million [+]


Saudi Arabia GDP Annual Growth Rate Notes

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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 2.20 24.20 -20.70 1969 - 2017 percent Quarterly



gdp annual growth rate by Country

Last
China 6.90 Jun/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
Mexico 2.80 Mar/17
South Korea 2.70 Jun/17
Canada 2.30 Mar/17
United States 2.10 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
United Kingdom 1.70 Jun/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17