The Gross Domestic Product (GDP) in Saudi Arabia expanded 1.10 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Saudi Arabia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Historical chart and dataset showing Saudi Arabia gdp growth rate by year from 1961 to 2023.

The Gross Domestic Product (GDP) in Saudi Arabia expanded 3.40 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset 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.

In 2024, the growth of the real gross domestic product (GDP) in Saudi Arabia stood at about 1.31 percent. Between 1980 and 2024, the figure dropped by approximately 4.49 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the growth will rise by around 1.97 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Saudi Arabia: Economic growth forecast: The latest value from 2030 is 3.28 percent, an increase from 3.18 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Saudi Arabia from 1980 to 2030 is 2.25 percent. The minimum value, -16.11 percent, was reached in 1982 while the maximum of 10.99 percent was recorded in 2011.

Key information about Saudi Arabia Real GDP Growth

• The Gross Domestic Product (GDP) in Saudi Arabia contracted 3.7 % YoY in Dec 2023, following a negative growth of 4.4 % in the previous quarter.
• Real GDP Growth YoY data in Saudi Arabia is updated quarterly, available from Mar 2011 to Dec 2023, with an average rate of 2.8 %.
• The data reached an all-time high of 14.6 % in Sep 2011 and a record low of -7.4 % in Jun 2020.

• In the latest reports, Nominal GDP of Saudi Arabia reached 267.9 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) fell 1.0 % in Mar 2023.
• GDP Per Capita in Saudi Arabia reached 34,441.1 USD in Dec 2022.
• Its Gross Savings Rate was measured at 37.4 % in Mar 2024.
• For Nominal GDP contributions, Investment accounted for 30.7 % in Mar 2023.
• Public Consumption accounted for 22.3 % in Mar 2024.
• Private Consumption accounted for 40.3 % in Mar 2024.

Full Year GDP Growth in Saudi Arabia increased to 1.30 percent in 2024 from -0.80 percent in 2023. This dataset includes a chart with historical data for Saudi Arabia Full Year Gdp Growth.

Graph and download economic data for Non-Oil Real GDP Growth in Constant Prices for Saudi Arabia (SAUNGDPXORPCHPT) from 2000 to 2025 about non-oil, Saudi Arabia, REO, real, GDP, and rate.

The forecasted gross domestic product growth in Saudi Arabia for 2021 was 2.9 percent, compared to minus 2.3 percent in 2020 following the COVID-19 pandemic. Amongst the ten leading oil producing Arab countries, Saudi Arabia was the fifth strongest economy.

Saudi Arabia SA: GDP: Growth data was reported at -0.735 % in 2017. This records a decrease from the previous number of 1.671 % for 2016. Saudi Arabia SA: GDP: Growth data is updated yearly, averaging 3.652 % from Dec 1969 (Median) to 2017, with 49 observations. The data reached an all-time high of 58.647 % in 1970 and a record low of -20.730 % in 1982. Saudi Arabia SA: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Saudi Arabia – Table SA.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

In Saudi Arabia, the contribution of real oil gross domestic product to the overall GDP growth was *** percent in 2018. The trade dispute between the US and China affected Saudi Arabia's oil sector. It resulted in a decline in the oil sector growth in 2019 due to the decrease in prices caused by the trade war.

The latest data from show economic growth of 3.36 percent, which is a decrease from the rate of growth of 4.44 percent in the previous quarter and
an increase compared to the growth rate of -0.37 percent in the same quarter last year. The economic growth time series for Saudi Arabia cover the...

Economic growth, quarterly in Saudi Arabia, March, 2025 The most recent value is 1.06 percent as of Q1 2025, an increase compared to the previous value of 0.86 percent. Historically, the average for Saudi Arabia from Q1 2010 to Q1 2025 is 1 percent. The minimum of -5.07 percent was recorded in Q2 2020, while the maximum of 9.22 percent was reached in Q4 2010. | TheGlobalEconomy.com

GDP Growth Oil Sector in Saudi Arabia decreased to -0.45 percent in the first quarter of 2025 from 3.50 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Saudi Arabia GDP Growth Oil Sector.

In Saudi Arabia, the real oil gross domestic product growth (GDP) decreased in the first quarter of 2019 to reach one percent, and negative three percent in the second quarter. The decline was due to the lowered production following the OPEC+ agreement and the reduction in world oil prices. Also, the trade war decreased the global oil demand and increased the volatility of its price.

Between 2019 and 2020, the gross domestic product of Saudi Arabia decreased by 4.14 percent. In contrast, the gross domestic product of Saudi Arabia increased by ten percent between 2010 and 2011.

Key information about Saudi Arabia Nominal GDP Growth

• Saudi Arabia Nominal GDP Growth was reported at 0.801 % in Dec 2024.
• This records a decrease from the previous number of 1.031 % for Sep 2024.
• Saudi Arabia Nominal GDP Growth data is updated quarterly, averaging 7.239 % from Mar 2004 to Dec 2024, with 84 observations.
• The data reached an all-time high of 49.034 % in Jun 2008 and a record low of -30.627 % in Jun 2009.
• Saudi Arabia Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

About the Project This paper draws on KAPSARC’s energy productivity work focused on how shifting to a growth model based around higher energy productivity can benefit Saudi Arabia and the countries of the Gulf Cooperation Council. Energy productivity is both a policy agenda focusing on how energy can best be used to create value in the economy, and an indicator which integrates economic growth with energy consumption. At the macroeconomic level, energy productivity describes how much GDP can be produced using an amount of energy. It is the mathematical inverse of energy intensity and is both a reflection of what activities energy is used for (the structural make-up for the economy), and how well energy is used in specific activities (the level of energy efficiency). At the microeconomic level energy productivity focuses on how much revenue is produced from economic activities per unit of energy consumption. This is related but distinct from energy efficiency which focuses on how much physical output is produced per unit of energy consumption. KAPSARC has partnered with UNESCWA to explore the energy productivity potential of Saudi Arabia and the countries of the Gulf Cooperation Council and will release a synthesis report of this work later in 2017. Key Points A common priority across G20 countries is the need to reinvigorate economies through an economic transformation that delivers a higher level of better quality growth. At KAPSARC, the need to improve economic growth and deliver climate goals agreed at COP21 in Paris is being investigated using an energy productivity framework, or how greater value can be obtained from the energy system for each unit of energy consumed. Energy productivity is an economic planning tool that is increasingly being used in G20 countries to help achieve sustainable development goals. Its key elements are structural change towards higher value added economic activities and improving energy efficiency. A focus on lifting productivity across the economy aligns naturally with the need to lift overall economic productivity, which is the main long-term driver of growth. Faced with the current extended period of weak international growth and low commodity prices, Saudi Arabia has intensified diversification efforts aimed at more sustained and sustainable economic development. Key elements of the diversification strategy involve boosting private sector investment and improving business conditions; a significant fiscal stimulus to households and industry; increasing energy prices to help diversify government revenue and support structural change and energy efficiency in the economy; and increasing the share of renewable energy in the energy mix. Such pro-growth measures to realign the Saudi economy towards a higher-value added, more energy efficient economy will lift the Kingdom’s energy productivity and contribute to achieving its Nationally Determined Commitment to avoid 130 million tons of CO2-e as set out at COP21 in Paris.

The Gross Domestic Product (GDP) in Saudi Arabia was worth 1237.53 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Saudi Arabia represents 1.17 percent of the world economy. This dataset provides - Saudi Arabia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Saudi Arabia SA: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 1.302 % in 2017. This records a decrease from the previous number of 3.198 % for 2016. Saudi Arabia SA: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 6.541 % from Dec 1969 (Median) to 2017, with 49 observations. The data reached an all-time high of 95.728 % in 1970 and a record low of -4.447 % in 1975. Saudi Arabia SA: GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Saudi Arabia – Table SA.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.