Saudi Arabia GDP Annual Growth Rate  1969-2017 | Data | Chart | Calendar

The economy of Saudi Arabia expanded 0.9 percent year-on-year in the third quarter of 2016 compared to a 1.4 percent growth in the previous period. It was the weakest growth since the first quarter of 2013, as non-oil sector fell into contraction territory (-0.7 percent from +0.4 percent in Q2). In contrast, oil sector advanced at a faster pace (+3.6 percent from +1.6 percent). GDP Annual Growth Rate in Saudi Arabia averaged 4.80 percent from 1969 until 2016, 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.

Saudi Arabia GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-03 03:00 PM Q1 1.5% 1.80% 1.5%
2016-09-30 02:35 PM Q2 1.4% 1.5% 1.2%
2017-01-02 10:00 AM Q3 0.9% 1.4% 0.8%
2017-03-02 09:00 AM Q4 0.9% 1.6%
2017-06-19 09:00 AM Q1 1.7%
2017-09-28 09:00 AM Q2 1.9%




Saudi Arabia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 1.40 27.49 -11.10 percent [+]
GDP Annual Growth Rate 0.90 1.40 27.49 -11.10 percent [+]
GDP 646.00 753.83 753.83 4.19 USD Billion [+]
GDP Constant Prices 638579.00 633050.00 641474.00 475144.00 SAR Million [+]
Gross Fixed Capital Formation 139579.00 160008.00 199621.00 101572.00 SAR Million [+]
GDP per capita 21312.82 21030.92 27263.10 14232.22 USD [+]
GDP per capita PPP 50283.93 49618.85 50283.93 33578.49 USD [+]
GDP From Agriculture 14943.00 13393.00 14943.00 10354.00 SAR Million [+]
GDP From Construction 30329.00 30240.00 31972.00 21969.00 SAR Million [+]
GDP From Manufacturing 76445.00 74164.00 79210.00 53468.00 SAR Million [+]
GDP From Mining 266625.00 256955.00 266625.00 189221.00 SAR Million [+]
GDP From Transport 34321.00 36396.00 37915.00 24028.00 SAR Million [+]
GDP From Utilities 13693.00 10010.00 13693.00 3141.00 SAR Million [+]



Saudi Arabia GDP Annual Growth Rate Notes

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 the latest reported value for - Saudi Arabia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Saudi Arabia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 1.40 27.49 -11.10 1969 - 2016 percent Quarterly



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