Saudi Arabia GDP Annual Growth Rate 1969-2015 | Data | Chart | Calendar

Saudi Arabia economy expanded 2.40 percent in the first quarter of 2015 over the same quarter of the previous year. Agriculture activities rose 1.3 percent. The mining sector expanded 1.6 percent, driven by a 1.6 percent growth in crude petroleum and natural gas production. Construction rose 7.1 percent, while manufacturing grew 3.3 percent. Wholesale and retail trade, restaurants and hotels sectors expanded 4 percent; Transport, storage and communication rose 3.9 percent; Finance, insurance, real estate and business services grew 1.1 percent. In contrast, electricity , gas and water production contracted 5.3 percent. GDP Annual Growth Rate in Saudi Arabia averaged 5.10 percent from 1969 until 2015, 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.

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Saudi Arabia GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.40 1.60 27.49 -11.10 1969 - 2015 percent Quarterly
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. Content for - Saudi Arabia GDP Annual Growth Rate - was last refreshed on Saturday, July 4, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-07-02 10:00 AM Q1 2.4% 1.6% (R)

Saudi Arabia GDP Last Previous Highest Lowest Unit
GDP 745.27 733.96 745.27 4.19 USD Billion [+]
GDP Growth Rate 2.00 2.40 27.49 -11.10 percent [+]
GDP Annual Growth Rate 2.40 1.60 27.49 -11.10 percent [+]
GDP Constant Prices 623834.00 604223.00 623834.00 475144.00 SAR Million [+]
GDP per capita 18033.69 17706.11 22109.70 9495.18 USD [+]
Gross Fixed Capital Formation 192479.00 158413.00 192479.00 101572.00 SAR Million [+]
GDP per capita PPP 52067.97 51122.16 52067.97 34442.84 USD [+]
Gdp From Agriculture 11114.00 12652.00 13600.00 10354.00 SAR Million [+]
Gdp From Construction 30143.00 30349.00 30349.00 21969.00 SAR Million [+]
Gdp From Manufacturing 69594.00 68831.00 70259.00 53468.00 SAR Million [+]
Gdp From Mining 242045.00 245527.00 254182.00 189221.00 SAR Million [+]
Gdp From Transport 35282.00 31944.00 35582.00 24028.00 SAR Million [+]
Gdp From Utilities 5404.00 12837.00 12837.00 3141.00 SAR Million [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -1.60 Mar/15 -0.20 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Mar/15 7.30 14.20 3.80 percent [+]
Euro Area 1.00 Mar/15 0.90 5.00 -5.60 percent [+]
France 0.82 Mar/15 0.03 12.50 -3.95 percent [+]
Germany 1.10 Mar/15 1.60 5.20 -6.80 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.71 Mar/15 5.01 7.16 1.56 percent [+]
Italy 0.10 Mar/15 -0.50 10.30 -6.90 percent [+]
Japan -0.90 Mar/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.50 Mar/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.50 Mar/15 1.60 5.80 -4.40 percent [+]
Russia -2.20 Mar/15 0.40 12.10 -11.20 percent [+]
South Korea 2.50 Mar/15 2.70 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.80 -4.40 percent [+]
Switzerland 1.10 Mar/15 1.90 7.30 -3.70 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.90 Mar/15 3.40 9.80 -5.80 percent [+]
United States 2.90 Mar/15 2.40 13.40 -4.10 percent [+]