Saudi Arabia’s oil sector economy shrank 24.7% year-on-year in the second quarter of 2026, after a 2.9% growth in the previous period, preliminary data showed. This marked the sharpest contraction since records began in 2011, as the US-Iran war hits the country's oil exports. source: General Authority for Statistics, Saudi Arabia
GDP Growth Oil Sector in Saudi Arabia averaged 1.35 percent from 2011 until 2026, reaching an all time high of 22.51 percent in the second quarter of 2022 and a record low of -24.66 percent in the second quarter of 2026. This page includes a chart with historical data for Saudi Arabia GDP Growth Oil Sector. Saudi Arabia GDP Growth Oil Sector - values, historical data and charts - was last updated on September of 2026.
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).
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
-24.66 |
2.87 |
22.51 |
-24.66 |
2011 - 2026 |
percent |
Quarterly |
Constant 2010 prices, NSA
|