Oil activities in Saudi Arabia grew 9.3 percent from a year earlier in the third quarter of 2021, the first year-on-year expansion since the first quarter of 2019 amid rebounding global energy demand. source: Central Department Of Statistics & Information

GDP Growth Oil Sector in Saudi Arabia averaged 1.35 percent from 2011 until 2021, reaching an all time high of 20.81 percent in the third quarter of 2011 and a record low of -11.70 percent in the first quarter of 2021. 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 January of 2022.

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Saudi Arabia GDP Growth Oil Sector

Saudi Arabia GDP Growth Oil Sector
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
9.31 -7.05 20.81 -11.70 2011 - 2021 percent Quarterly
constant 2010 prices, NSA

Related Last Previous Unit Reference
GDP Growth Rate 5.70 0.20 percent Sep/21
GDP Annual Growth Rate 7.00 1.90 percent Sep/21
GDP Growth Non Oil Sector 6.27 8.99 percent Sep/21