The Gross Domestic Product (GDP) in Saudi Arabia contracted 0.70 percent in the second quarter of 2019 over the previous quarter.

GDP Growth Rate in Saudi Arabia averaged 0.88 percent from 2010 until 2019, reaching an all time high of 8.40 percent in the fourth quarter of 2010 and a record low of -2 percent in the first quarter of 2017. This page provides - Saudi Arabia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia GDP Growth Rate - values, historical data and charts - was last updated on May of 2020. source: OECD

GDP Growth Rate in Saudi Arabia is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Saudi Arabia to stand at 1.00 in 12 months time. In the long-term, the Saudi Arabia GDP Growth Rate is projected to trend around 1.00 percent in 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Saudi Arabia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -1.90 8.40 -2.00 2010 - 2019 percent Quarterly

Saudi Arabia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.70 -1.90 8.40 -2.00 percent [+]
GDP Annual Growth Rate -0.30 -0.50 24.20 -20.70 percent [+]
GDP 785.00 782.48 785.00 4.19 USD Billion [+]
GDP Constant Prices 684959.00 651392.00 1925394.03 476504.51 SAR Million [+]
Gross Fixed Capital Formation 168780.00 156173.00 199621.00 101572.00 SAR Million [+]
GDP per capita 20912.00 20775.20 39152.10 14252.60 USD [+]
GDP per capita PPP 48995.60 48804.00 50467.00 39376.30 USD [+]
GDP From Agriculture 13514.00 15493.00 16228.00 10354.00 SAR Million [+]
GDP From Construction 30542.00 30093.00 31972.00 21969.00 SAR Million [+]
GDP From Manufacturing 78503.00 77996.00 81493.00 53468.00 SAR Million [+]
GDP From Mining 256721.00 248926.00 268793.00 189221.00 SAR Million [+]
GDP From Transport 43371.00 39607.00 43371.00 24028.00 SAR Million [+]
GDP From Utilities 5903.00 14382.00 15218.00 3141.00 SAR Million [+]


Saudi Arabia GDP Growth Rate
Saudi Arabia has an oil-based economy. Shipments of oil account for 87 percent of total exports and for 46 percent of GDP. In recent years, in order to diversify the economy, the government has been investing in telecommunications, petrochemicals, natural gas exploitation and power generation sectors.