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.