On a seasonally adjusted quarterly basis, Saudi Arabia's GDP grew by 0.8% in the September 2024 quarter, slowing from a 1.4% rise in each of the previous two quarters, preliminary estimates showed. GDP Growth Rate in Saudi Arabia averaged 0.83 percent from 2010 until 2024, reaching an all time high of 5.70 percent in the fourth quarter of 2010 and a record low of -4.90 percent in the second quarter of 2020. source: General Authority for Statistics, Saudi Arabia

GDP Growth Rate in Saudi Arabia is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Related Last Previous Unit Reference
Full Year GDP Growth -0.80 7.50 percent Dec 2023
GDP Growth Rate YoY 2.80 -0.30 percent Sep 2024
GDP Constant Prices 847769.00 867813.00 SAR Million Jun 2024
GDP from Agriculture 21533.00 24116.00 SAR Million Jun 2024
GDP from Construction 43487.00 43946.00 SAR Million Jun 2024
GDP from Manufacturing 111699.00 106784.00 SAR Million Jun 2024
GDP from Mining 212563.00 212496.00 SAR Million Jun 2024
GDP from Transport 44482.00 48681.00 SAR Million Jun 2024
GDP from Utilities 13722.00 5648.00 SAR Million Jun 2024
GDP Growth Non Oil Sector 4.40 3.40 percent Jun 2024
GDP Growth Oil Sector -8.50 -11.20 percent Jun 2024
GDP Growth Rate 0.80 1.40 percent Sep 2024
Gross Fixed Capital Formation 296041.00 317551.00 SAR Million Jun 2024

Saudi Arabia GDP Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.40 5.70 -4.90 2010 - 2024 percent Quarterly
SA