Saudi Arabia GDP Growth Rate
The Gross Domestic Product (GDP) in Saudi Arabia expanded 4.70 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Growth Rate in Saudi Arabia averaged 5.28 Percent from 1969 until 2014, reaching an all time high of 27.49 Percent in the fourth quarter of 1974 and a record low of -11.10 Percent in the fourth quarter of 1982. GDP Growth Rate in Saudi Arabia is reported by the Central Department Of Statistics & Information.
||1969 - 2014
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. This page provides - Saudi Arabia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.