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Saudi Arabia GDP Annual Growth Rate


Kalenteri GMT Todellinen Edellinen Yksimielisyys
2019-03-31 07:00 AM Q4 3.6% 2.5%
2019-06-30 07:15 AM Q1 1.7% 3.6%
2019-09-30 11:15 AM Q2 0.5% 1.7%
2019-12-31 11:00 AM Q3 -0.5% 0.5%
2020-03-31 11:00 AM Q4 -0.5%


News Stream
2019-09-30
Saudi Arabia GDP Growth at 1-1/2-Year Low
Saudi Arabia’s gross domestic product expanded 0.5% year-on-year in the second quarter of 2019, easing from a 1.7% advance in the previous period. It was the weakest growth since the last quarter of 2017, as government expenditure fell (-3.6% vs 14.5% in Q2 2018). In contrast, both private consumption (4.1% vs 2.8%) and gross fixed capital formation (9.8% vs 5.9 %) advanced faster. Regarding net trade, exports dropped 4.6% (from 9.1% in Q2 2018) while imports advanced 3.5 % (from -2.2% in Q2 2018). On the production side, output dropped for manufacturing (-2.3% vs 2.0%); mining & quarrying (-2.9% vs 1.6%) and electricity, gas & water (-6.3% vs -0.1%). On the other hand, production rose faster for agriculture, forestry & fishing (1.2% vs 0.7%); finance, insurance, real Estate & business services (5.4% vs 3.4%) and wholesale & retail trade, restaurants & hotels (5.8% vs 0.6%) while construction output rebounded (4.9% vs -2.8%).

2019-06-30
Saudi Arabia GDP Growth Slows to 1.7% YoY in Q1
Saudi Arabia’s gross domestic product expanded 1.66% year-on-year in the first quarter of 2019, easing from a 3.59% advance in the previous period. Net foreign demand contributed positively to growth, as exports climbed 5.1% (vs 12.4% in Q4) and imports went up at a softer 1.0% (vs 0.1%). At the same time, both government expenditure (1.5% vs -15.6%) and gross fixed capital formation (3.7% vs -4.8%) rebounded while household consumption surged 4.8%, higher than a 0.1% gain in Q4. On the production side, output slowed mainly for mining & quarrying (1.0% vs 6.4%); utilities (1.1% vs 2.4%) and agriculture, forestry & fishing (0.7% vs 0.8%). Also, manufacturing activity showed no growth in Q1, after increasing 3.5% in the prior period. By contrast, output rose faster for wholesale & retail trade (1.9% vs 0.8%); transport, storage & information and communication (4.9% vs 3.6%) and finance, insurance, real estate & business services (4.9% vs 3.5%).

2019-03-31
Saudi Arabia GDP Growth Strongest in a Year
Saudi Arabia’s gross domestic product advanced 2.59 percent year-on-year in the fourth quarter of 2018, following a 2.47 percent expansion in the previous period. It was the highest growth rate since the last quarter of 2017, when the economy contracted by 1.18 percent. Net foreign demand contributed positively to growth, as exports jumped 12.44 percent (vs 8.01% in Q3) and imports went up at a softer 0.09 percent (vs 7.18% in Q3) while household consumption (0.12% vs 1.63%) slowed. On the other hand, government expenditure (-15.69% vs 7.55% in Q3) and fixed investment (-4.81% vs 8.87%) contracted. On the production side, output growth accelerated mainly for: mining and quarrying (6.41% vs 4.19%); manufacturing (3.52%t vs 1.66%). Meantime, output growth eased mainly for: electricity, gas, and water (2.36% vs 4.41%), transport, storage & information and communication (3.64% vs 4.85%). For 2018 as a whole, the economy grew 2.21 percent, compared to a 0.74 percent contraction in 2017.

Saudi-Arabia BKT Viime Edellinen Korkein Alin Yksikkö
Bkt: N Kasvu -0.70 -1.90 8.40 -2.00 Prosentti [+]
Bkt Annual Growth Rate -0.46 0.50 24.20 -20.70 Prosentti [+]
BKT 782.48 688.59 782.48 4.19 Mrd. Usd [+]
Bkt Kiintein Hinnoin 651392.00 642779.00 1925394.03 476504.51 Sar Million [+]
Kiinteän Pääoman Bruttomuodostus 156173.00 179683.00 199621.00 101572.00 Sar Million [+]
Bkt Asukasta Kohden 20775.20 20693.90 39152.10 14252.60 USD [+]
Bkt Per Asukas Ppp 48995.60 48804.00 50467.00 39376.30 USD [+]
Bkt Maatalous 15493.00 16228.00 16228.00 10354.00 Sar Million [+]
Bkt Maarakennus 30093.00 28547.00 31972.00 21969.00 Sar Million [+]
Bkt Manufacturing 77996.00 76170.00 81493.00 53468.00 Sar Million [+]
Bkt Mining 248926.00 248707.00 268793.00 189221.00 Sar Million [+]
Bkt Transport 39607.00 39813.00 41435.00 24028.00 Sar Million [+]
Bkt Utilities 14382.00 9290.00 15218.00 3141.00 Sar Million [+]
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