Saudi Arabia GDP

The Gross Domestic Product (GDP) in Saudi Arabia was worth 576.82 billion US dollars in 2011. The GDP value of Saudi Arabia represents 0.93 percent of the world economy. GDP in Saudi Arabia is reported by the The World Bank Group. From 1968 until 2011, Saudi Arabia GDP averaged 160.4 USD Billion reaching an all time high of 576.8 USD Billion in December of 2011 and a record low of 4.2 USD Billion in December of 1968. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Saudi Arabia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
576.82 450.79 576.82 4.19 864.93 | 2014/06 1968 - 2011 USD Billion Yearly

TO

Saudi Arabia GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 323164.00 2013-11-15 318194.00 323164.00 285706.00 332429.55 2014-06-30 SAR Million [+]
Gross Fixed Capital Formation 175843.00 2013-11-15 153142.00 175843.00 101572.00 177670.64 2014-03-31 SAR Million [+]
GDP per capita 13944.97 2011-12-31 13301.38 22402.94 9621.11 15414.92 2014-06-30 USD [+]
GDP per capita PPP 21677.86 2011-12-31 20677.38 33759.01 18280.19 23962.93 2014-06-30 USD [+]
GDP Growth Rate 4.70 2013-12-31 4.00 27.49 -11.10 3.76 2014-03-31 Percent [+]
GDP Annual Growth Rate 4.70 2013-12-31 4.00 27.49 -11.10 3.88 2014-03-31 Percent [+]
GDP 576.82 2011-12-31 450.79 576.82 4.19 864.93 2014-06-30 USD Billion [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Saudi Arabia Changes in Inventories at 288.00 SAR Million  
Changes in Inventories in Saudi Arabia decreased to 288 SAR Million in the fourth quarter of 2013 from 28756 SAR Million in the third quarter of 2013. Changes in Inventories in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia Consumer Price Index (CPI) at 129.00 Index Points  
Consumer Price Index (CPI) in Saudi Arabia increased to 129 Index Points in March of 2014 from 128.80 Index Points in February of 2014. Consumer Price Index (CPI) in Saudi Arabia is reported by the Ministry of Economy and Planning.
Saudi Arabia Consumer Spending at 213128.00 SAR Million  
Consumer Spending in Saudi Arabia increased to 213128 SAR Million in the fourth quarter of 2013 from 209332 SAR Million in the third quarter of 2013. Consumer Spending in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia Crude Oil Production at 9740.00 Thousands Barrels per Day  
Crude Oil Production in Saudi Arabia decreased to 9740 Thousands Barrels per Day in December of 2013 from 9840 Thousands Barrels per Day in November of 2013. Crude Oil Production in Saudi Arabia is reported by the U.S. Energy Information Administration.
Saudi Arabia GDP Constant Prices at 323164.00 SAR Million  
GDP Constant Prices in Saudi Arabia increased to 323164 SAR Million in the fourth quarter of 2013 from 318194 SAR Million in the third quarter of 2013. GDP Constant Prices in Saudi Arabia is reported by the Central Department Of Statistics & Information.
Saudi Arabia Government Spending at 150562.00 SAR Million  
Government Spending in Saudi Arabia increased to 150562 SAR Million in the fourth quarter of 2013 from 150472 SAR Million in the third quarter of 2013. Government Spending in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia Gross Fixed Capital Formation at 175843.00 SAR Million  
Gross Fixed Capital Formation in Saudi Arabia increased to 175843 SAR Million in the fourth quarter of 2013 from 153142 SAR Million in the third quarter of 2013. Gross Fixed Capital Formation in Saudi Arabia is reported by the Central Department Of Statistics & Information.
Saudi Arabia Manufacturing PMI at 57.00  
Manufacturing PMI in Saudi Arabia decreased to 57 in March of 2014 from 58.60 in February of 2014. Manufacturing PMI in Saudi Arabia is reported by the SAAB/HSBC.
Saudi Arabia Inflation Rate at 2.60 Percent  
The inflation rate in Saudi Arabia was recorded at 2.60 percent in March of 2014. Inflation Rate in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia Balance of Trade at 231276.03 Million SAR  
Saudi Arabia recorded a trade surplus of 231276.03 Million SAR in the fourth quarter of 2013. Balance of Trade in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
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