Industrial production in Saudi Arabia increased by a record 26.7% year-on-year in April of 2022, as mining and quarrying grew by 28.3% as the country increased its oil production to its highest level by more than 10 million barrels per day. Manufacturing activity also increased by 25.1% as international trade recovered. On the other hand, electricity and gas supplies decreased 2%. Compared to the previous month, industrial production was up by 0.5%. source: Central Department of Statistics and Information
Industrial Production in Saudi Arabia averaged 1.85 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 July of 2022.
Industrial Production in Saudi Arabia is expected to be 10.50 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.