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.

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.

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.

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

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...

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.

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;

Saudi Arabia SA: GDP: Growth: GNI per Capita data was reported at -3.213 % in 2017. This records a decrease from the previous number of -1.071 % for 2016. Saudi Arabia SA: GDP: Growth: GNI per Capita data is updated yearly, averaging 1.089 % from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 7.760 % in 2003 and a record low of -5.618 % in 2002. Saudi Arabia SA: GDP: Growth: GNI per Capita 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 GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The real gross domestic product growth in Saudi Arabia in 2020 following the COVID-19 pandemic was minus 4.1 percent with an expected growth of four percent in 2022. Among the Middle East and North Africa (MENA) region, Oman had the highest expected real GDP growth rate in 2022 at 7.4 percent.

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.

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.

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.

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.

Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. in Saudi Arabia was reported at 5.4 % in 2026, according to the World Bank collection of development indicators, compiled from officially recognized sources. Saudi Arabia - Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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

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

This statistic displays the year on year growth on the the manufacturing sector as a share of real non-oil GDP in Saudi Arabia from 2017 to 2019. According to the projection, the manufacturing sector share of non-oil GDP for Saudi Arabia will grow by around 3.5 percent by 2019.

The annual population growth in Saudi Arabia decreased to 3.33 percent compared to the previous year. Population growth refers to the annual change in population, and is based on the balance between birth and death rates, as well as migration.Find more key insights for the annual population growth in countries like Bahrain and Lebanon.

GDP per capita growth (annual %) in Saudi Arabia was reported at --4.0042 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Saudi Arabia - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

From 2015 to 2020, the compound annual growth rate (CAGR) of the in-scope media sector in Saudi Arabia was the highest for games at about 30 percent. This was followed by digital advertising at a CAGR of 28 percent.