Industrial production in Saudi Arabia eased to 4.1% year-on-year in March of 2023, from a 6% gain in the prior month. The latest reading marked the softest pace in industrial output since May 2021, mainly due to production slowed for mining & quarrying (1.6% vs 2.2%) as Saudi Arabia decreased its oil production to 10 million barrels a day from over 11 million barrels a day in previous months. Production also eased for manufacturing activity (10.5% vs 16.8%). On the other hand, output surged for electricity and gas supplies (16.6% vs 12.9%). On a monthly basis, industrial production went up by 0.2% in March, after a 0.1% growth in February. source: Central Department of Statistics and Information

Industrial Production in Saudi Arabia averaged 2.90 percent from 1963 until 2023, reaching an all time high of 26.70 percent in April of 2022 and a record low of -24.90 percent in December of 1982. This page provides - Saudi Arabia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Industrial Production in Saudi Arabia is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Industrial Production is projected to trend around 3.50 percent in 2024 and 3.00 percent in 2025, according to our econometric models.

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Saudi Arabia Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-04-10 12:00 PM Feb 6% 6.8% 2.2%
2023-05-11 06:00 AM Mar 4.1% 6% 4.9%
2023-06-11 06:00 AM Apr 4.1% 3.5%


Related Last Previous Unit Reference
Industrial Production 4.10 6.00 percent Mar 2023
Mining Production 1.60 2.20 percent Mar 2023
Manufacturing Production 10.50 16.80 percent Mar 2023
Industrial Production Mom 0.20 0.10 percent Mar 2023

Saudi Arabia Industrial Production
In Saudi Arabia, industrial production measures the output of businesses integrated into the industrial sector of the economy such as manufacturing, mining, and utilities. Mining and quarrying account for almost 75% of total production followed by manufacturing (22 percent) and electricity and gas (3 percent).
Actual Previous Highest Lowest Dates Unit Frequency
4.10 6.00 26.70 -24.90 1963 - 2023 percent Monthly

News Stream
Saudi Arabia Industrial Growth at 22-Month Low
Industrial production in Saudi Arabia eased to 4.1% year-on-year in March of 2023, from a 6% gain in the prior month. The latest reading marked the softest pace in industrial output since May 2021, mainly due to production slowed for mining & quarrying (1.6% vs 2.2%) as Saudi Arabia decreased its oil production to 10 million barrels a day from over 11 million barrels a day in previous months. Production also eased for manufacturing activity (10.5% vs 16.8%). On the other hand, output surged for electricity and gas supplies (16.6% vs 12.9%). On a monthly basis, industrial production went up by 0.2% in March, after a 0.1% growth in February.
2023-05-11
Saudi Arabia Industrial Output Growth Weakest Since 2021
Industrial production in Saudi Arabia rose to 6% year-on-year in February of 2023, easing from a 6.8% gain in the prior month. The latest reading marked the softest pace in industrial output since August 2021, as production slowed for manufacturing activity (16.8% vs 19.2%) and mining & quarrying (2.2% vs 3%), although Saudi Arabia increased its oil production from over 11 million barrels a day in previous months to over 10 million barrels a day. On the other hand, output rebounded for electricity and gas supplies (12.9% vs -3.4%). On a monthly basis, industrial production stood at 0.1% in February, the same as in January.
2023-04-10
Saudi Arabia Industrial Production Growth Lowest in 16 Months
Industrial production in Saudi Arabia rose by 6.8% year-on-year in January of 2023, easing from a 7.3% gain in the prior month, and marking the softest pace in industrial output since September 2021. Output slowed for mining & quarrying (3% vs 4.1%), although Saudi Arabia increased its oil production from over 11 million barrels a day in previous months to over 10 million barrels a day. On the other hand, manufacturing activity grow further (19.2% vs 18.5%), while production continued to decrease for electricity and gas supplies (-3.4% vs -5.3%). Compared to the prior month, industrial output surged 0.1% in January, after a 0.3% drop in December.
2023-03-09