The Gross Domestic Product (GDP) in Saudi Arabia expanded 2.10 percent in the second 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.

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.

The Gross Domestic Product (GDP) in Saudi Arabia expanded 3.90 percent in the second 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.

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.

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.

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.

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

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

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;

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 ******** billion U.S. dollars.

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.

Saudi Arabia SA: GDP: Growth: GNI data was reported at -1.226 % in 2017. This records a decrease from the previous number of 1.181 % for 2016. Saudi Arabia SA: GDP: Growth: GNI data is updated yearly, averaging 3.899 % from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 10.958 % in 2003 and a record low of -2.948 % in 2002. Saudi Arabia SA: GDP: Growth: GNI 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. 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;

GDP Growth Oil Sector in Saudi Arabia increased to 3.80 percent in the second quarter of 2025 from -0.50 percent in the first quarter of 2025. This dataset includes a chart with historical data for Saudi Arabia GDP Growth Oil Sector.

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...

This statistic illustrates the growth of gross domestic product (GDP) in Iran and Saudi Arabia in selected months from January 2015 to January 2018. As of January 2018, the GDP growth in Iran was *** percent compared to minus *** in Saudi Arabia.

Saudi Arabia SA: GDP: Growth: Gross Capital Formation data was reported at -4.644 % in 2017. This records an increase from the previous number of -14.269 % for 2016. Saudi Arabia SA: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 8.383 % from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 26.195 % in 2006 and a record low of -14.269 % in 2016. Saudi Arabia SA: GDP: Growth: Gross Capital Formation 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 growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

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.

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;

Saudi Arabia SA: GDP: Growth: Gross Value Added: Services data was reported at 0.767 % in 2016. This records a decrease from the previous number of 2.976 % for 2015. Saudi Arabia SA: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 5.109 % from Dec 1969 (Median) to 2016, with 48 observations. The data reached an all-time high of 91.736 % in 1970 and a record low of -6.099 % in 1986. Saudi Arabia SA: GDP: Growth: Gross Value Added: Services 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 value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;