Saudi Arabia GDP Annual 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 Annual Growth Rate in Saudi Arabia averaged 5.25 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 Annual Growth Rate in Saudi Arabia is reported by the Central Department Of Statistics & Information.
||1969 - 2014
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. Within services the largest segments are: government services (13 percent of GDP), wholesale and retail trade and restaurants and hotels (8 percent) and financing, insurance and real estate (7.9 percent). Manufacturing constitutes 10 percent of GDP, construction and electricity, gas and water distribution - 6 percent and agriculture, forestry and fishing - 2 percent. This page provides - Saudi Arabia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.