Saudi Arabia Nominal GDP Growth

2004 - 2023 | Quarterly | % | CEIC Data

Key information about Saudi Arabia Nominal GDP Growth

  • Saudi Arabia Nominal GDP Growth was reported at -10.363 % in Jun 2023.
  • This records a decrease from the previous number of 2.960 % for Mar 2023.
  • Saudi Arabia Nominal GDP Growth data is updated quarterly, averaging 7.968 % from Mar 2004 to Jun 2023, with 78 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.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. General Authority for Statistics provides Nominal GDP in local currency.

View Saudi Arabia's Nominal GDP Growth from Mar 2004 to Jun 2023 in the chart:

Saudi Arabia Nominal GDP Growth

What was Saudi Arabia's Nominal GDP Growth in Jun 2023?

Saudi Arabia Nominal GDP Growth was reported at -10.363 % in Jun 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-10.363 Jun 2023 2.960 Mar 2023 -30.627 Jun 2009 49.034 Jun 2008 % quarterly Mar 2004 - Jun 2023

Nominal GDP Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 8.629 Jun 2023 quarterly Mar 2009 - Jun 2023
Algeria (%) 9.089 Mar 2023 quarterly Mar 2000 - Mar 2023
Argentina (%) 130.642 Sep 2023 quarterly Mar 1994 - Sep 2023
Armenia (%) 9.822 Dec 2023 quarterly Dec 1995 - Dec 2023
Australia (%) 3.629 Jun 2023 quarterly Sep 1960 - Jun 2023
Austria (%) 6.545 Jun 2023 quarterly Mar 1996 - Jun 2023
Azerbaijan (%) -12.187 Sep 2023 quarterly Mar 2002 - Sep 2023
Bahrain (%) 1.243 Sep 2023 quarterly Mar 2008 - Sep 2023
Bangladesh (%) 12.507 2022 yearly 2007 - 2022
Belarus (%) 11.754 Sep 2023 quarterly Mar 1995 - Sep 2023
Belgium (%) 3.901 Dec 2023 quarterly Mar 1981 - Dec 2023
Bolivia (%) 0.912 Sep 2023 quarterly Mar 1991 - Sep 2023
Bosnia and Herzegovina (%) 4.974 Sep 2023 quarterly Mar 2009 - Sep 2023
Botswana (%) 8.493 Jun 2023 quarterly Sep 1994 - Jun 2023
Brazil (%) 7.628 Dec 2023 quarterly Mar 1991 - Dec 2023
Brunei (%) -13.343 Sep 2023 quarterly Mar 2005 - Sep 2023
Bulgaria (%) 3.453 Dec 2023 quarterly Mar 1996 - Dec 2023
Cambodia (%) 9.523 2022 yearly 1994 - 2022
Canada (%) 3.973 Dec 2023 quarterly Mar 1958 - Dec 2023
Chile (%) 5.389 Sep 2023 quarterly Mar 1991 - Sep 2023
China (%) 4.162 Dec 2023 quarterly Mar 1993 - Dec 2023
Colombia (%) 4.957 Dec 2023 quarterly Mar 2001 - Dec 2023
Croatia (%) 8.099 Dec 2023 quarterly Mar 1996 - Dec 2023
Cyprus (%) 6.785 Dec 2023 quarterly Mar 1996 - Dec 2023
Czech Republic (%) 5.774 Dec 2023 quarterly Mar 1996 - Dec 2023
Denmark (%) -0.670 Dec 2023 quarterly Mar 1991 - Dec 2023
Ecuador (%) 1.013 Sep 2023 quarterly Mar 1992 - Sep 2023
Egypt (%) 32.213 Jun 2023 quarterly Sep 2002 - Jun 2023
Estonia (%) 2.955 Dec 2023 quarterly Mar 1996 - Dec 2023
European Union (%) 5.818 Sep 2023 quarterly Mar 1996 - Sep 2023
Finland (%) 4.091 Sep 2023 quarterly Mar 1991 - Sep 2023
France (%) 5.671 Dec 2023 quarterly Mar 1950 - Dec 2023
Georgia (%) 8.630 Sep 2023 quarterly Mar 1997 - Sep 2023
Germany (%) 6.266 Dec 2023 quarterly Mar 1961 - Dec 2023
Ghana (%) 39.349 Sep 2023 quarterly Mar 2007 - Sep 2023
Greece (%) 8.290 Jun 2023 quarterly Mar 1996 - Jun 2023
Hong Kong SAR, China (%) 8.548 Dec 2023 quarterly Mar 1974 - Dec 2023
Hungary (%) 13.934 Jun 2023 quarterly Mar 1996 - Jun 2023
Iceland (%) 6.613 Dec 2023 quarterly Mar 1996 - Dec 2023
India (%) 10.075 Dec 2023 quarterly Jun 1997 - Dec 2023
Indonesia (%) 3.671 Dec 2023 quarterly Mar 1994 - Dec 2023
Iran (%) 40.397 Jun 2023 quarterly Jun 1989 - Jun 2023
Ireland (%) -5.150 Dec 2023 quarterly Mar 1996 - Dec 2023
Israel (%) 0.307 Dec 2023 quarterly Mar 1996 - Dec 2023
Italy (%) 4.615 Dec 2023 quarterly Mar 1981 - Dec 2023
Ivory Coast (%) 681.695 Mar 2023 quarterly Mar 1998 - Mar 2023
Japan (%) 5.076 Dec 2023 quarterly Mar 1981 - Dec 2023
Jordan (%) 4.394 Sep 2023 quarterly Mar 1993 - Sep 2023
Kazakhstan (%) 11.192 Sep 2023 quarterly Mar 1995 - Sep 2023
Kenya (%) 11.651 Mar 2023 quarterly Mar 2010 - Mar 2023
South Korea (%) 5.780 Dec 2023 quarterly Mar 1961 - Dec 2023
Kosovo (%) 7.976 Sep 2023 quarterly Mar 2011 - Sep 2023
Kuwait (%) -11.726 Sep 2023 quarterly Mar 2011 - Sep 2023
Kyrgyzstan (%) 33.304 Dec 2023 quarterly Mar 2001 - Dec 2023
Laos (%) 16.562 2022 yearly 1985 - 2022
Latvia (%) 5.716 Jun 2023 quarterly Mar 1996 - Jun 2023
Lebanon (%) 19.333 2020 yearly 1998 - 2020
Lithuania (%) 5.166 Dec 2023 quarterly Mar 1996 - Dec 2023
Luxembourg (%) 4.329 Jun 2023 quarterly Mar 1996 - Jun 2023
Macau SAR, China (%) 99.802 Dec 2023 quarterly Mar 1999 - Dec 2023
North Macedonia (%) 8.636 Jun 2023 quarterly Mar 2001 - Jun 2023
Malawi (%) 10.386 2021 yearly 2003 - 2021
Malaysia (%) 1.911 Dec 2023 quarterly Mar 1992 - Dec 2023
Malta (%) 9.267 Dec 2023 quarterly Mar 2001 - Dec 2023
Mauritius (%) 10.787 Sep 2023 quarterly Mar 2000 - Sep 2023
Mexico (%) 8.034 Dec 2023 quarterly Mar 1994 - Dec 2023
Moldova (%) 4.255 Sep 2023 quarterly Mar 1996 - Sep 2023
Mongolia (%) 24.672 Dec 2023 quarterly Mar 2001 - Dec 2023
Montenegro (%) 16.198 Sep 2023 quarterly Mar 2011 - Sep 2023
Morocco (%) 6.831 Jun 2023 quarterly Mar 2008 - Jun 2023
Mozambique (%) 11.040 2022 yearly 1964 - 2022
Nepal (%) 13.427 2022 yearly 2002 - 2022
Netherlands (%) 6.139 Dec 2023 quarterly Mar 1989 - Dec 2023
New Zealand (%) 5.704 Sep 2023 quarterly Jun 1988 - Sep 2023
Nigeria (%) 16.080 Sep 2023 quarterly Mar 2011 - Sep 2023
Norway (%) -3.659 Dec 2023 quarterly Mar 1979 - Dec 2023
Oman (%) -10.834 Jun 2023 quarterly Mar 2006 - Jun 2023
Pakistan (%) 19.992 2022 yearly 2001 - 2022
Palestinian Territory (%) -2.412 Sep 2023 quarterly Mar 2001 - Sep 2023
Panama (%) 9.468 Sep 2023 quarterly Mar 2008 - Sep 2023
Paraguay (%) 4.829 Sep 2023 quarterly Mar 1995 - Sep 2023
Peru (%) 5.953 Dec 2022 quarterly Mar 1991 - Dec 2022
Philippines (%) 9.285 Dec 2023 quarterly Mar 1982 - Dec 2023
Poland (%) 6.938 Dec 2023 quarterly Mar 1996 - Dec 2023
Portugal (%) 10.841 Dec 2022 quarterly Mar 1996 - Dec 2022
Qatar (%) -15.018 Jun 2023 quarterly Mar 2012 - Jun 2023
Romania (%) 12.252 Sep 2023 quarterly Mar 1996 - Sep 2023
Russia (%) 15.443 Sep 2023 quarterly Mar 1994 - Sep 2023
Saudi Arabia (%) -10.363 Jun 2023 quarterly Mar 2004 - Jun 2023
Serbia (%) 12.351 Jun 2023 quarterly Mar 1996 - Jun 2023
Singapore (%) 2.511 Dec 2023 quarterly Mar 1976 - Dec 2023
Slovakia (%) 11.238 Jun 2023 quarterly Mar 1996 - Jun 2023
Slovenia (%) 9.157 Sep 2023 quarterly Mar 1996 - Sep 2023
South Africa (%) 3.976 Sep 2023 quarterly Mar 1961 - Sep 2023
Spain (%) 7.162 Dec 2023 quarterly Mar 1971 - Dec 2023
Sri Lanka (%) 4.863 Sep 2023 quarterly Mar 2003 - Sep 2023
Sudan (%) 103.797 2020 yearly 1961 - 2020
Sweden (%) 3.373 Dec 2023 quarterly Mar 1981 - Dec 2023
Switzerland (%) 4.113 Dec 2022 quarterly Mar 1981 - Dec 2022
Syria (%) 50.215 2021 yearly 1971 - 2021

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Saudi Arabia Key Series

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Includes 191 key indicators for Saudi Arabia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.5 2022 yearly 1969 - 2022
Consolidated Fiscal Balance (USD mn) -21,585.731 2023 yearly 1969 - 2023
National Government Debt (USD mn) 273,066.7 2023 yearly 2004 - 2023
Government Debt: % of GDP (%) 24.8 Sep 2023 quarterly Dec 2016 - Sep 2023
Forecast: Government Expenditure (SAR bn) 1,344.120 2028 yearly 1990 - 2028
Forecast: Government Net Debt (SAR bn) 806.352 2028 yearly 1991 - 2028
Forecast: Government Revenue (SAR bn) 1,374.230 2028 yearly 1991 - 2028
Public Debt (SAR mn) 87,982.516 2023 yearly 2004 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.415 2028 yearly 1980 - 2028
Trade Balance (USD mn) 111,202.9 2023 yearly 1957 - 2023
Total Exports (USD mn) 26,268.1 Dec 2023 monthly Jan 2015 - Dec 2023
Total Exports Growth (%) -9.7 Dec 2023 monthly Jan 2016 - Dec 2023
Aluminum: Exports (USD th) 3,177,047.652 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 545,269.271 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 22,592.765 2022 yearly 1995 - 2022
Total Imports (USD mn) 16,094.5 Dec 2023 monthly Jan 2005 - Dec 2023
Total Imports Growth (%) -7.1 Dec 2023 monthly Jan 2006 - Dec 2023
Imports: Medicament (USD th) 5,358,995.860 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,078,407.217 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 1,345.368 Dec 2023 monthly Jan 2017 - Dec 2023
Total Imports from USA (USD mn) 1,305.212 Dec 2023 monthly Jan 2005 - Dec 2023
Total Exports to China (USD mn) 3,884.679 Dec 2023 monthly Jan 2017 - Dec 2023
Total Imports from China (USD mn) 3,385.876 Dec 2023 monthly Jan 1981 - Dec 2023
Exports: Value: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - Apr 2018
Exports: Value: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
Exports: Value: Petroleum Products (SAR mn) 125,222.000 2017 yearly 1970 - 2017
Exports: ow USA (SAR mn) 5,045.130 Dec 2023 monthly Jan 2017 - Dec 2023
Exports: ow China (SAR mn) 14,567.547 Dec 2023 monthly Jan 2017 - Dec 2023
Exports: Value (SAR mn) 98,505.349 Dec 2023 monthly Jan 2015 - Dec 2023
Exports: India (SAR mn) 8,675.473 Dec 2023 monthly Jan 2017 - Dec 2023
Exports: South Korea (SAR mn) 8,646.712 Dec 2023 monthly Jan 2017 - Dec 2023
Exports: Value: Asia: India (SAR mn) 157,187.346 2022 yearly 1984 - 2022
Imports: HS: Value: MC: Mineral Products (SAR mn) 60,441.675 2023 yearly 1983 - 2023
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 17,042.009 2023 yearly 1970 - 2023
Imports: HS: Value: Foodstuffs (SAR mn) 103,472.691 2023 yearly 1970 - 2023
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 33,729.880 2023 yearly 1970 - 2023
Imports: HS: Value: Transport Equipment (SAR mn) 138,396.368 2023 yearly 1970 - 2023
Imports: Value: European Union: Germany (SAR mn) 30,000.405 2022 yearly 1984 - 2022
Imports: Value: Asia: South Korea (SAR mn) 19,767.343 2022 yearly 1984 - 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 4,968.2 Sep 2023 quarterly Mar 2006 - Sep 2023
Current Account Balance (USD mn) 4,623.3 Sep 2023 quarterly Mar 2006 - Sep 2023
Current Account Balance: % of GDP (%) 1.9 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Direct Investment (USD mn) 2,130.7 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Direct Investment: % of GDP (%) 0.8 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Portfolio Investment (USD mn) 1,690.650 Sep 2023 quarterly Mar 2008 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 0.6 Sep 2023 quarterly Mar 2008 - Sep 2023
Forecast: Current Account Balance (USD bn) 6.924 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 786,058.406 2022 yearly 2007 - 2022
BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 1,074.043 Sep 2023 quarterly Mar 2018 - Sep 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 616.607 Sep 2023 quarterly Mar 2018 - Sep 2023
BoP: USD: FA: Other Investment (USD mn) 485.458 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Other Investment: Assets (USD mn) 5,760.648 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Secondary Income (USD mn) -11,814.294 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 4,754.344 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 23,560.847 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 1,690.650 Sep 2023 quarterly Mar 2008 - Sep 2023
BoP: USD: FA: Other Investment: Liabilities (USD mn) 5,275.189 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: Errors and Omissions (USD mn) -1,431.054 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Portfolio Investment (USD mn) 3,055.235 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Reserve Assets (USD mn) -3,715.950 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: Financial Account (FA) (USD mn) 1,967.752 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 80,150.973 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 50,194.672 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Primary Income: Credit (USD mn) 7,228.677 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Primary Income: Debit (USD mn) 5,224.457 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Direct Investment (USD mn) 2,460.004 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 8,037.941 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Direct Investment: Assets (USD mn) 4,590.724 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Goods & Services: Services (USD mn) -15,522.906 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Primary Income (USD mn) 2,004.220 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Goods & Services: Goods (USD mn) 29,956.301 Sep 2023 quarterly Mar 2006 - Sep 2023
IIP: Assets (SAR mn) 5,089,341.035 2022 yearly 2007 - 2022
International Investment Position (IIP) (SAR mn) 2,947,719.023 2022 yearly 2007 - 2022
IIP: Liabilities (SAR mn) 2,141,622.012 2022 yearly 2007 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Sep 2023 quarterly Mar 2009 - Sep 2023
Household Debt: % of GDP (%) 11.5 Jun 2023 quarterly Dec 2003 - Jun 2023
Money Supply M1 (USD mn) 407,936.605 Jan 2024 monthly Jan 1993 - Jan 2024
Money Supply M2 (USD mn) 638,422.273 Jan 2024 monthly Jan 1993 - Jan 2024
M2 Growth (%) 10.7 Jan 2024 monthly Jan 1994 - Jan 2024
Reserve Requirement Ratio (%) 7.0 Feb 2024 monthly Mar 1980 - Feb 2024
Foreign Exchange Reserves (USD mn) 414,110.8 Jan 2024 monthly Jan 2001 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 38.475 Jun 2023 quarterly Dec 2003 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 23.4 2023 yearly 1957 - 2023
Gold Reserves (USD mn) 432.934 Feb 2024 monthly Dec 1957 - Feb 2024
Total Deposits (USD mn) 668,973.360 Jan 2024 monthly Jan 1993 - Jan 2024
Total Deposits Growth (%) 10.3 Jan 2024 monthly Jan 1994 - Jan 2024
Domestic Credit (USD mn) 279,406.0 Feb 2018 monthly Oct 1983 - Feb 2018
Domestic Credit Growth (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Credit to Households (USD bn) 343.508 Sep 2023 quarterly Mar 1998 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 784.198 Sep 2023 quarterly Mar 1993 - Sep 2023
Household Debt (USD mn) 125,038.9 Dec 2023 quarterly Mar 1998 - Dec 2023
Total Loans (USD mn) 699,126.946 Jan 2024 monthly Jan 1997 - Jan 2024
Total Loans Growth (%) 10.74 Jan 2024 monthly Jan 1998 - Jan 2024
Private Debt: % of Nominal GDP (%) 58.31 Jun 2023 quarterly Dec 2003 - Jun 2023
Base Money (SAR mn) 377,140.243 Jan 2024 monthly Jan 2000 - Jan 2024
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,720,957.098 Jan 2024 monthly Jan 1993 - Jan 2024
Money Supply: M3: M2: M1 (SAR mn) 1,529,762.267 Jan 2024 monthly Jan 1993 - Jan 2024
Money Supply: M3: M2 (SAR mn) 2,394,083.525 Jan 2024 monthly Jan 1993 - Jan 2024
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 563,130.152 Jan 2024 monthly Jan 2001 - Jan 2024
Official Reserve Assets (SAR mn) 1,646,126.250 Jan 2024 monthly Jan 2001 - Jan 2024
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019

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