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.

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.

The average share of GDP generated from oil rents in Saudi Arabia increased by 7.7 percentage points (+48.19 percent) in 2021 in comparison to the previous year. In total, the average share amounted to 23.69 percent in 2021. This increase was preceded by a declining average share.The estimates of natural resource rents are calculated as the difference between the price of a commodity and the average cost of producing it. For oil rents, this is estimated by subtracting the total costs of crude oil production from the value of production at regional prices.Find more key insights for the average share of GDP generated from oil rents in countries like Kuwait and Bahrain.

As of 2023, the share of non-oil exports contribution to the total GDP in Saudi Arabia stood at 16 percent. This was the same as its original base. As part of its Vision 2030 goal, the country aims to increase non-oil exports contribution to 50 percent of the total GDP by the end of the decade.

In 2020, the oil sector in Saudi Arabia generated an estimated gross domestic product (GDP) of approximately 607.7 billion Saudi riyals. The total estimated GDP for that year was about 2.62 trillion Saudi riyals.

Saudi Arabia GDP: Producer Values: Non Oil: Government data was reported at 576,013.310 SAR mn in 2017. This records an increase from the previous number of 569,618.987 SAR mn for 2016. Saudi Arabia GDP: Producer Values: Non Oil: Government data is updated yearly, averaging 117,804.064 SAR mn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 576,013.310 SAR mn in 2017 and a record low of 4,619.141 SAR mn in 1970. Saudi Arabia GDP: Producer Values: Non Oil: Government data remains active status in CEIC and is reported by General Authority for Statistics. The data is categorized under Global Database’s Saudi Arabia – Table SA.A008: GDP: by Industry: Current Price: Annual.

Saudi Arabia GDP: Producer Values: Non Oil Sector: Private data was reported at 315,850.392 SAR mn in Jun 2018. This records a decrease from the previous number of 322,164.734 SAR mn for Mar 2018. Saudi Arabia GDP: Producer Values: Non Oil Sector: Private data is updated quarterly, averaging 191,362.071 SAR mn from Mar 2003 (Median) to Jun 2018, with 62 observations. The data reached an all-time high of 322,164.734 SAR mn in Mar 2018 and a record low of 74,298.500 SAR mn in Jun 2003. Saudi Arabia GDP: Producer Values: Non Oil Sector: Private data remains active status in CEIC and is reported by General Authority for Statistics. The data is categorized under Global Database’s Saudi Arabia – Table SA.A007: GDP: by Industry: Current Price.

The largest contribution to the non-oil gross domestic product (GDP) of Saudi Arabia in 2019 was government services at about 23.8 percent. There were sustained investments in the health sector improving key health indicators in the country prior to the COVID-19 pandemic.

The Gross Domestic Product (GDP) in Saudi Arabia expanded 0.90 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.

The timeline shows the gross domestic product of Saudi Arabia from 1987 to 2024, with projections up until 2030. In 2024, Saudi Arabia's gross domestic product (GDP) amounted to approximately 1,085.36 billion U.S. dollars. Saudi Arabia's oil and economy The gross domestic product of Saudi Arabia is predicted to fall below previous values from 2015 on. This is likely due to falling crude oil prices in the region, which are almost half of what they were in 2014. As the country is home to the second largest share of oil reserves in the world and among the countries with the largest percentage of proved natural gas reserves the economy has become largely dependent on income from these resources and changing market prices directly affect the economy. Due to falling prices, the ratio of government expenditure in Saudi Arabia in relation to GDP has increased by almost 8 percent compared to previous years, leaving the country with a budget deficit and increasing national debt, as Saudi Arabia tries to make up for the losses to its largely oil-based economy. If oil and gas prices remain low, Saudi Arabia will need to reduce its capital spending. However, it is unlikely that gas and oil prices will remain low for a considerable amount of time and in the meantime, other counties are enjoying slumps in gasoline prices at the pump.

Saudi Arabia GDP: Producer Values: Non Oil Sector data was reported at 481,377.181 SAR mn in Jun 2018. This records an increase from the previous number of 476,544.115 SAR mn for Mar 2018. Saudi Arabia GDP: Producer Values: Non Oil Sector data is updated quarterly, averaging 281,084.102 SAR mn from Mar 2003 (Median) to Jun 2018, with 62 observations. The data reached an all-time high of 481,377.181 SAR mn in Jun 2018 and a record low of 114,063.300 SAR mn in Mar 2003. Saudi Arabia GDP: Producer Values: Non Oil Sector data remains active status in CEIC and is reported by General Authority for Statistics. The data is categorized under Global Database’s Saudi Arabia – Table SA.A007: GDP: by Industry: Current Price.

Explore the Saudi Arabia Gross Domestic Product dataset by institutional sectors at current prices. Analyze Non-Oil Sector, Gross Value Added, Net Taxes on Products, and more. Access essential GDP data now!

Non-Oil Sector, Gross Domestic Product, Gross Value Added, Net Taxes on Products, Oil Sector, GDP, oil , Non-Oil, government sector, National Accounts, GDP data

Saudi ArabiaFollow data.kapsarc.org for timely data to advance energy economics research.The Data for 2022 & 2023 are provisional

Oil and gas producing countries in the Middle East are among those with the highest reliance on oil and gas for their economic performance. In 2023, Saudi Arabia attributed half of its GDP to oil and gas industry activity. Of the five countries with the highest oil and gas share in GDP, four were in the Middle East. By comparison, despite being the world’s largest oil producer, the oil and gas industry in the United States accounted for only eight percent of total GDP. The role of oil and gas in Saudi Arabia The oil and gas industry is the single most significant contributor to the economy of Saudi Arabia. The country is home to the largest conventional oil field in the world, the Ghawar Field, and oil production reaches around 11.4 million barrels per day. Oil and gas exports are the country’s main means of income. Due to a lower domestic demand than its closest producing competitors, the U.S. and Russia, Saudi Arabia has remained the country with the highest value of oil exports. In 2023, oil exports brought in over 210 billion U.S. dollars. GDP growth amid a stagnating oil market Oil prices and as such oil demand are the greatest determinant for the industry’s financial contributions. In 2024, a sluggish world oil market dampened prices for most of the second half of the year. This will likely be reflected in the fiscal year performance of major oil and gas entities such as Saudi Arabia’s Saudi Aramco and also impact GDP growth projections.

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.

Saudi Arabia GDP: Producer Values: Oil data was reported at 732,908.396 SAR mn in 2017. This records an increase from the previous number of 595,493.622 SAR mn for 2016. Saudi Arabia GDP: Producer Values: Oil data is updated yearly, averaging 201,847.701 SAR mn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 1,376,576.012 SAR mn in 2012 and a record low of 10,389.619 SAR mn in 1970. Saudi Arabia GDP: Producer Values: Oil data remains active status in CEIC and is reported by General Authority for Statistics. The data is categorized under Global Database’s Saudi Arabia – Table SA.A008: GDP: by Industry: Current Price: Annual.

Graph and download economic data for Non-oil Revenue for General Government for Saudi Arabia (SAUGGRXOGDPXOPT) from 2000 to 2025 about non-oil, Saudi Arabia, revenue, REO, and government.

Saudi Arabia GDP: Producer Values: Non Oil Sector: Public data was reported at 165,526.789 SAR mn in Jun 2018. This records an increase from the previous number of 154,379.380 SAR mn for Mar 2018. Saudi Arabia GDP: Producer Values: Non Oil Sector: Public data is updated quarterly, averaging 82,571.856 SAR mn from Mar 2003 (Median) to Jun 2018, with 62 observations. The data reached an all-time high of 165,526.789 SAR mn in Jun 2018 and a record low of 39,733.500 SAR mn in Mar 2003. Saudi Arabia GDP: Producer Values: Non Oil Sector: Public data remains active status in CEIC and is reported by General Authority for Statistics. The data is categorized under Global Database’s Saudi Arabia – Table SA.A007: GDP: by Industry: Current Price.

The discovery of oil has had a huge impact on economics and politics within the Middle East, as well as the region’s relationship with the west and the way regional standards of living. Before the discovery of oil, fishing and pearling were the primary economic sectors of many Gulf States. After the discovery of oil and due to the immense value of oil, many Middle East countries made oil their economic focus, changing livelihood of their people in just a few decades. One example is Kuwait, whose economy focused mainly on fishing and pearling prior to the discovery of oil in 1934. Now, oil extraction and processing accounts for 50% of the country’s GDP, 90% of export earnings, and 75% of government revenues1. Typically, the more oil a country exports the less economically diverse it is. Booz & Company did a study to look at the economic diversity of the Gulf States, which are very oil-rich, in comparison to the rest of the world, and found that the economic diversity of the GCC (the countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) was much lower than that of European or other “western” states3. Since oil is a nonrenewable resource it will become important for these countries to diversify their economies and become independent of oil as reserve levels decline. Recently, attempts of economic diversification have been made in several oil diverse nations such as the aluminum smelting industry in Bahrain, Qatar, and the UAE, taken up as an attempt to diversify their economy6; however, the reason that the industry of aluminum smelting has grown in these counties is because aluminum smelting requires immense amounts of oil. Therefore, the economics of these counties is in reality not that diversified. The Export Diversity Index is defined as the number of prominent commodities a country exports. Goods made from the same derivative, such as crude oil and petroleum products, were categorized as belonging in the same industry for simplicity purposes. The data represented in the map was obtained from lists of each country's ten most lucrative exports, and the index ranges on a scale of 1 to 10 different exports4. We noticed that the countries with the greatest volume oil resources had the lowest score on the index because more goods they produced were related to the oil industry. The map of oil reserves gives a good visual representation of which Middle Eastern countries are the most oil-rich, and shows a high concentration of marks in the Gulf states, particularly the in the Persian Gulf where off-shore reserves are located. The countries with the lowest score on the index were Saudi Arabia (with a score of 2), Kuwait (4), Bahrain (2), and Qatar (2). It is interesting to note that although other countries may have high concentrations of certain resources within their borders it is only the oil-rich countries that have the lowest levels of export diversity. The only exceptions to this trend are countries with a government that has made particularly strong efforts to become less oil-reliant, such as the United Arab Emirates7. Although, we recognize that a country's economic diversity also accounts for its domestic economy, which generally relies heavily on the country's exports. Therefore this analysis concludes that the Export Diversity Index is an indicator of a country's economic index. The data we have compiled has implications for the future of many of the Gulf States, especially Saudi Arabia, as the international community attempts to wean itself off of fossil fuels.Amanda Doyle, March 2012WORKS CITED1.“Kuwait Economy”. Encycopedia of the Nations, Advameg, Inc. 2011. http://www.nationsencyclopedia.com/Asia-and-Oceania/Kuwait-ECONOMY.html.2.Burke, Edmund, and Yaghoubian, David N. Struggle and Survival in the Modern Middle East. 2nd ed. University of California Press: Berkley, CA, 2006.3.“Economic Diversification”. The Ideation Center. 2011. http://www.ideationcenter.com/home/ideation_article/economic_diversification.4."UN Data: Country Profile”. UN Division of Statistics, United Nations. 2011. http://data.un.org/CountryProfile.aspx5."USGS identifies potential giant oil and gas fields in Israel/Palestine”. EnerGeoPolitics. 2010. http://energeopolitics.com/2010/04/09/usgs-identifies-potential-giant-oil-and-gas-fields-in-israelpalestine/6. "A Summary of Existing and New-Buuild Smelters in the Middle East". Aluminium International Today. January /February 2009. http://www.improvingperformance.com/papers/Primary%20Article%20AIT.pdf.7. "UAE to Diversify Economy - To Reduce Dependence on Oil and Natural Gas Revenues". Oil Gas Articles. 2011. http://www.oilgasarticles.com/articles/416/2/UAE-to-Diversify-Economy---To-Reduce-Dependence-on-oil-and-Natural-Gas-Revenues/Page2.html?PHPSESSID=e10561d4a9d2cf87f64fbdeb2e00f65d.

Explore the growth rate of Gross Domestic Product (GDP) by institutional sectors in Saudi Arabia, including the Non-Oil Sector, Government Sector, and Private Sector. Access comprehensive GDP data and analysis to understand the economic landscape of Saudi Arabia.

Non-Oil Sector, Gross Domestic product, Gross Domestic Product Excluding Net Taxes on Products, Net Taxes on Products, Government Sector, Oil Sector, Private Sector, GDP, National Accounts, GDP data

Saudi ArabiaFollow data.kapsarc.org for timely data to advance energy economics research..2021 Data is Preliminary

Graph and download economic data for Oil Real GDP Growth in Constant Prices for United Arab Emirates (ARENGDPORPCHPT) from 2000 to 2025 about United Arab Emirates, REO, oil, real, GDP, and rate.