GDP Growth Oil Sector in Saudi Arabia decreased to 6.10 percent in the fourth quarter of 2022 from 14.23 percent in the third quarter of 2022. source: Central Department Of Statistics & Information

GDP Growth Oil Sector in Saudi Arabia averaged 2.76 percent from 2011 until 2022, reaching an all time high of 22.88 percent in the second quarter of 2022 and a record low of -11.70 percent in the first quarter of 2021. This page includes a chart with historical data for Saudi Arabia GDP Growth Oil Sector. Saudi Arabia GDP Growth Oil Sector - values, historical data and charts - was last updated on June of 2023.

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Saudi Arabia GDP Growth Oil Sector

Related Last Previous Unit Reference
GDP Growth Rate -1.30 1.30 percent Mar 2023
GDP Annual Growth Rate 3.90 5.50 percent Mar 2023
GDP Growth Non Oil Sector 6.20 5.99 percent Dec 2022

Saudi Arabia GDP Growth Oil Sector
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).
Actual Previous Highest Lowest Dates Unit Frequency
6.10 14.23 22.88 -11.70 2011 - 2022 percent Quarterly
constant 2010 prices, NSA