Saudi Arabia GDP Growth RateSaudi Arabia GDP Growth RateSaudi Arabia GDP Growth Rate

Saudi Arabia GDP Growth Rate

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Key data points

Last release
Next release
Time to release
Forecast
Observation period
Q1 2024
Highest
8.40%Dec 31, 2010
Lowest
−5.00%Jun 30, 2020

About Saudi Arabia GDP Growth Rate

Category
GDP
Frequency
Quarterly
Units
%
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.