Name: Saudi Arabia GDP Growth Oil Sector
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Oil activities in Saudi Arabia grew 20.4 percent from a year earlier in the first quarter of 2022, following a 10.9 percent advance in the previous period, preliminary estimates showed. It is the biggest expansion in the Saudi oil sector since 2011, as oil prices climbed to a 7-year high to above $100 a barrel amid tight global supplies. source: Central Department Of Statistics & Information

GDP Growth Oil Sector in Saudi Arabia averaged 1.99 percent from 2011 until 2022, 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 June of 2022.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	2.60	1.60	percent	Mar 2022
GDP Annual Growth Rate	9.90	6.70	percent	Mar 2022
GDP Growth Non Oil Sector	3.70	5.10	percent	Mar 2022

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).