The Gross Domestic Product (GDP) in Saudi Arabia contracted 0.50 percent in the first quarter of 2021 over the previous quarter. source: Central Department Of Statistics & Information

GDP Growth Rate in Saudi Arabia averaged 0.69 percent from 2010 until 2021, reaching an all time high of 8.40 percent in the fourth quarter of 2010 and a record low of -5.50 percent in the second quarter of 2020. 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 July of 2021.

GDP Growth Rate in Saudi Arabia is expected to be 1.00 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 2022, according to our econometric models.

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Saudi Arabia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 1.80 8.40 -5.50 2010 - 2021 percent Quarterly
SA

Saudi Arabia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.50 1.80 8.40 -5.50 percent [+]
GDP Annual Growth Rate -3.00 -3.90 24.20 -20.70 percent [+]
GDP 700.12 792.97 792.97 4.19 USD Billion [+]
GDP Constant Prices 634593.00 658112.00 1925394.03 476504.51 SAR Million [+]
Gross Fixed Capital Formation 177330.00 167303.00 199621.00 101572.00 SAR Million [+]
GDP per capita 19390.02 20542.17 39152.08 14252.64 USD [+]
GDP per capita PPP 44328.18 46962.15 48921.22 38170.22 USD [+]
GDP From Agriculture 16648.00 13998.00 16648.00 10354.00 SAR Million [+]
GDP From Construction 30641.00 30656.00 31972.00 21969.00 SAR Million [+]
GDP From Manufacturing 82532.00 78022.00 82532.00 53468.00 SAR Million [+]
GDP From Mining 213033.00 232293.00 268793.00 189221.00 SAR Million [+]
GDP From Transport 40044.00 40858.00 43371.00 24028.00 SAR Million [+]
GDP From Utilities 4038.00 5908.00 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.