Saudi Arabia: Economic growth, quarterly
* indicates monthly or quarterly data series
The latest data from Q2 2024 show economic growth of -0.31 percent,
which is an increase from the rate of growth of -1.75 percent in the previous quarter and
a decrease compared to the growth rate of 1.65 percent in the same quarter last year.
The economic growth time series for Saudi Arabia cover the period from Q1 2011 to Q2 2024.
During that time span, the average growth rate for Saudi Arabia was
3.14 percent. The lowest rate of growth of -7.07 percent was recorded in Q2 2020 while the highest growth rate was 14.57 percent in Q3 2011.
See more information about that indicator and compare to other countries on our Economic growth page.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: General Authority for Statistics of Kingdom of Saudi Arabia
| Recent values | Saudi Arabia: Economic growth, percent change in quarterly real GDP |
|---|---|
| 2024 Q2 | -0.31 |
| 2024 Q1 | -1.75 |
| 2023 Q4 | -4.29 |
| 2023 Q3 | -3.19 |
| 2023 Q2 | 1.65 |
| 2023 Q1 | 3.21 |
| 2022 Q4 | 5.57 |
| 2022 Q3 | 8 |
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Definition: The percent change in the Gross Domestic Product from the same quarter last year using constant prices.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth | -0.75 | 2023 | percent |
| GDP, constant dollars | 776.1 | 2023 | billion U.S. dollars |
| GDP, current U.S. dollars | 1,067.58 | 2023 | billion U.S. dollars |
| GDP per capita, current dollars | 28,894.96 | 2023 | U.S. dollars |
| GDP per capita, PPP | 49,568 | 2023 | U.S. dollars |
| GDP per capita, constant dollars | 21,006.15 | 2023 | U.S. dollars |
| Economic growth, quarterly | -0.31 | Q2/2024 | percent |
| Economic growth Q-on-Q | 1.38 | Q2/2024 | percent |
| Gross Domestic Product (GDP) | 1,022.61 | Q2/2024 | billion |