Saudi Arabia's economy grew by 8.7 percent in 2022, preliminary estimates showed. Oil activities advanced by 15.4 percent, non-oil activities rose by 5.4 percent and government services activities increased by 2.2 percent. source: World Bank
Full Year GDP Growth in Saudi Arabia averaged 4.90 percent from 1969 until 2022, reaching an all time high of 58.65 percent in 1970 and a record low of -20.73 percent in 1982. This page includes a chart with historical data for Saudi Arabia Full Year Gdp Growth. Saudi Arabia Full Year Gdp Growth - values, historical data and charts - was last updated on June of 2023.
Full Year GDP Growth in Saudi Arabia is expected to reach 2.70 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Full Year Gdp Growth is projected to trend around 3.20 percent in 2024 and 2.90 percent in 2025, according to our econometric models.