Saudi Arabia’s gross domestic product advanced 1.61 percent year-on-year in the second quarter of 2018, following a 1.15 percent growth in the previous period. Output rose faster for mining & quarrying (1.74 percent from 0.75 percent in Q1), namely crude & natural gas (1.73 percent from 0.69 percent) and finance, insurance, real estate & business services (4.25 percent from 2.09 percent). On the other hand, production expanded at a softer pace for manufacturing (3.23 percent from 3.27 percent) and agriculture, forestry & fishing (0.14 percent from 0.29 percent). Meanwhile, output fell for electricity, gas & water (-0.09 percent from 1.14 percent) and it declined further for construction (-3.19 percent from -2.43 percent) and wholesale & retail trade, restaurants & hotels (-0.51 percent from -0.47 percent). GDP Annual Growth Rate in Saudi Arabia averaged 4.08 percent from 1969 until 2018, reaching an all time high of 24.20 percent in the fourth quarter of 1973 and a record low of -20.70 percent in the fourth quarter of 1982.

GDP Annual Growth Rate in Saudi Arabia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Saudi Arabia to stand at 2.30 in 12 months time. In the long-term, the Saudi Arabia GDP Annual Growth Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.

Saudi Arabia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-01-02 11:00 AM GDP Growth Rate YoY -0.43% -1.03% -1.5%
2018-04-01 04:50 AM GDP Growth Rate YoY -1.18% -0.43% 1%
2018-07-01 07:00 AM GDP Growth Rate YoY 1.2% -1.18% 1.5%
2018-09-30 11:15 AM GDP Growth Rate YoY 1.6% 1.2% 1.5%
2018-12-31 09:00 AM GDP Growth Rate YoY 1.6% 2.30%
2019-01-02 11:00 AM GDP Growth Rate YoY 2.30%
2019-04-01 04:50 AM GDP Growth Rate YoY 2%


Saudi Arabia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.05 0.05 8.50 -2.10 percent [+]
GDP Annual Growth Rate 1.61 1.15 24.20 -20.70 percent [+]
GDP 683.83 644.94 756.35 4.19 USD Billion [+]
GDP Constant Prices 639248.00 647759.00 1925394.03 476504.51 SAR Million [+]
Gross Fixed Capital Formation 153061.00 597751.00 597751.00 101572.00 SAR Million [+]
GDP per capita 20796.32 21380.50 39125.40 14253.50 USD [+]
GDP per capita PPP 49045.41 50423.01 50723.70 39194.80 USD [+]
GDP From Agriculture 15949.00 16063.00 16063.00 10354.00 SAR Million [+]
GDP From Construction 27111.00 28833.00 31972.00 21969.00 SAR Million [+]
GDP From Manufacturing 78900.00 81493.00 81493.00 53468.00 SAR Million [+]
GDP From Mining 256428.00 252124.00 267939.00 189221.00 SAR Million [+]
GDP From Transport 37098.00 38341.00 39980.00 24028.00 SAR Million [+]
GDP From Utilities 9920.00 3720.00 14575.00 3141.00 SAR Million [+]


Saudi Arabia GDP Annual Growth Rate

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). This page provides the latest reported value for - Saudi Arabia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Saudi Arabia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.61 1.15 24.20 -20.70 1969 - 2018 percent Quarterly




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -3.50 Sep/18


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