The Gross Domestic Product (GDP) in Saudi Arabia expanded 1.80 percent in the second quarter of 2022 over the previous quarter source: Central Department Of Statistics & Information

GDP Growth Rate in Saudi Arabia averaged 0.70 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 August of 2022.

GDP Growth Rate in Saudi Arabia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia GDP Growth Rate is projected to trend around 0.50 percent in 2022 and 1.00 percent in 2023, according to our econometric models.

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Saudi Arabia GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate 1.80 2.60 percent Jun 2022
GDP Annual Growth Rate 11.80 9.90 percent Jun 2022
GDP Constant Prices 698001.00 705517.00 SAR Million Mar 2022
Gross Fixed Capital Formation 225392.00 198029.00 SAR Million Mar 2022
GDP Growth Oil Sector 20.40 10.90 percent Mar 2022
GDP Growth Non Oil Sector 3.70 5.10 percent Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.60 8.40 -4.80 2010 - 2022 percent Quarterly