Industrial production in Saudi Arabia increased 20.8% year-on-year in June of 2022, the smallest double-digit increase in five months, but still showing a strong growth in industrial output. Mining and quarrying rose by 19.2% as Saudi Arabia increased its oil production by more than 10 million barrels per day in June. Meanwhile, manufacturing went up by 29.3% while electricity and gas supplies shrank 1.2%. Compared to the previous month, industrial production jumped 1%. source: Central Department of Statistics and Information
Industrial Production in Saudi Arabia averaged 2.24 percent from 1963 until 2022, reaching an all time high of 26.70 percent in April of 2022 and a record low of -24.90 percent in December of 1982. This page provides - Saudi Arabia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Industrial Production in Saudi Arabia is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Industrial Production is projected to trend around 4.00 percent in 2023 and 3.00 percent in 2024, according to our econometric models.