Saudi Arabia Real GDP Growth

2011 - 2023 | Quarterly | % | General Authority for Statistics

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 -0.2 %.
  • The data reached an all-time high of 14.6 % in Sep 2011 and a record low of -7.4 % in Jun 2020.
General Authority for Statistics provides quarterly Real GDP Growth at 2010 prices.


Related information about Saudi Arabia Real GDP Growth

  • In the latest reports, Nominal GDP of Saudi Arabia reached 311.5 USD bn in Jun 2025.
  • Its GDP deflator (implicit price deflator) fell 4.2 % in Jun 2025.
  • GDP Per Capita in Saudi Arabia reached 35,121.7 USD in Dec 2024.
  • Its Gross Savings Rate was measured at 31.5 % in Jun 2025.
  • For Nominal GDP contributions, Investment accounted for 30.9 % in Jun 2025.
  • Public Consumption accounted for 20.3 % in Jun 2025.
  • Private Consumption accounted for 48.1 % in Jun 2025.

View Saudi Arabia's Real GDP Growth from Mar 2011 to Dec 2023 in the chart:

Saudi Arabia Real GDP Growth

What was Saudi Arabia's Real GDP Growth in Dec 2023?

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. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-3.7 Dec 2023 -4.4 Sep 2023 -7.4 Jun 2020 14.6 Sep 2011 % quarterly Mar 2011 - Dec 2023

Real GDP Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 3.7 Jun 2025 quarterly Mar 1997 - Jun 2025
Algeria (%) 3.9 Jun 2025 quarterly Mar 2000 - Jun 2025
Argentina (%) 6.7 Jun 2025 quarterly Mar 2005 - Jun 2025
Armenia (%) 6.2 Sep 2025 quarterly Mar 2001 - Sep 2025
Australia (%) 1.8 Jun 2025 quarterly Sep 1960 - Jun 2025
Austria (%) 0.6 Sep 2025 quarterly Mar 1989 - Sep 2025
Azerbaijan (%) 1.8 Jun 2026 quarterly Mar 2001 - Jun 2026
Bahrain (%) 4.0 Sep 2025 quarterly Mar 2009 - Sep 2025
Bangladesh (%) 4.0 2025 yearly 2007 - 2025
Belarus (%) 1.0 Jun 2025 quarterly Mar 2006 - Jun 2025
Belgium (%) 1.0 Sep 2025 quarterly Mar 1996 - Sep 2025
Bolivia (%) -2.6 Dec 2024 quarterly Mar 1991 - Dec 2024
Bosnia and Herzegovina (%) 1.8 Jun 2025 quarterly Mar 2009 - Jun 2025
Botswana (%) -5.3 Jun 2025 quarterly Mar 1995 - Jun 2025
Brazil (%) 2.6 Jun 2025 quarterly Mar 1997 - Jun 2025
Brunei (%) -0.3 Jun 2025 quarterly Mar 2005 - Jun 2025
Bulgaria (%) 3.2 Sep 2025 quarterly Mar 1996 - Sep 2025
Cambodia (%) 5.1 2022 yearly 1994 - 2022
Canada (%) 1.4 Sep 2025 quarterly Mar 1962 - Sep 2025
Chile (%) 1.9 Sep 2025 quarterly Mar 1987 - Sep 2025
China (%) 4.8 Sep 2025 quarterly Mar 1992 - Sep 2025
Colombia (%) 3.4 Sep 2025 quarterly Mar 2001 - Sep 2025
Croatia (%) 2.3 Sep 2025 quarterly Mar 1996 - Sep 2025
Cyprus (%) 3.6 Sep 2025 quarterly Mar 1996 - Sep 2025
Czech Republic (%) 2.8 Sep 2025 quarterly Mar 1997 - Sep 2025
Denmark (%) 3.9 Sep 2025 quarterly Mar 1992 - Sep 2025
Ecuador (%) 4.1 Jun 2025 quarterly Mar 1994 - Jun 2025
Egypt (%) 5.3 Sep 2025 quarterly Sep 2002 - Sep 2025
Estonia (%) 0.9 Sep 2025 quarterly Mar 1996 - Sep 2025
European Union (%) 1.6 Sep 2025 quarterly Mar 1996 - Sep 2025
Finland (%) -0.7 Sep 2025 quarterly Mar 1976 - Sep 2025
France (%) 0.9 Sep 2025 quarterly Mar 1950 - Sep 2025
Georgia (%) 7.4 Jun 2025 quarterly Mar 1998 - Jun 2025
Germany (%) 0.3 Sep 2025 quarterly Mar 1992 - Sep 2025
Ghana (%) 1.4 Jun 2026 quarterly Jun 2006 - Jun 2026
Greece (%) 1.7 Jun 2025 quarterly Mar 1996 - Jun 2025
Hong Kong SAR, China (%) 3.9 Sep 2025 quarterly Mar 1991 - Sep 2025
Hungary (%) 0.6 Sep 2025 quarterly Mar 1996 - Sep 2025
Iceland (%) 0.2 Sep 2025 quarterly Mar 1996 - Sep 2025
India (%) 8.2 Sep 2025 quarterly Jun 2005 - Sep 2025
Indonesia (%) 5.0 Sep 2025 quarterly Mar 1994 - Sep 2025
Iran (%) -0.4 Jun 2025 quarterly Jun 1989 - Jun 2025
Ireland (%) 12.3 Sep 2025 quarterly Mar 1996 - Sep 2025
Israel (%) 3.5 Sep 2025 quarterly Mar 1996 - Sep 2025
Italy (%) 0.4 Sep 2025 quarterly Mar 1982 - Sep 2025
Ivory Coast (%) 6.0 2024 yearly 1966 - 2024
Japan (%) 1.1 Sep 2025 quarterly Mar 1956 - Sep 2025
Jordan (%) 2.8 Jun 2025 quarterly Mar 1993 - Jun 2025
Kazakhstan (%) 7.5 Jun 2025 quarterly Mar 1995 - Jun 2025
Kenya (%) 5.1 Jun 2025 quarterly Mar 2010 - Jun 2025
South Korea (%) 1.7 Sep 2025 quarterly Mar 1961 - Sep 2025
Kosovo (%) 5.4 Mar 2026 quarterly Mar 2011 - Mar 2026
Kuwait (%) 5.1 Dec 2025 quarterly Jun 2010 - Dec 2025
Kyrgyzstan (%) 10.0 Sep 2025 quarterly Mar 2007 - Sep 2025
Laos (%) 4.3 2024 yearly 2003 - 2024
Latvia (%) 1.8 Sep 2025 quarterly Mar 1996 - Sep 2025
Lebanon (%) -5.2 2024 yearly 2012 - 2024
Lithuania (%) 2.1 Sep 2025 quarterly Jun 1995 - Sep 2025
Luxembourg (%) -0.2 Jun 2025 quarterly Mar 1996 - Jun 2025
Macau SAR, China (%) 8.0 Sep 2025 quarterly Mar 2002 - Sep 2025
North Macedonia (%) 3.4 Jun 2025 quarterly Mar 2001 - Jun 2025
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) 5.2 Sep 2025 quarterly Mar 2001 - Sep 2025
Malta (%) 4.6 Mar 2024 quarterly Mar 2001 - Mar 2024
Mauritius (%) 4.2 Mar 2025 quarterly Mar 2001 - Mar 2025
Mexico (%) -0.2 Sep 2025 quarterly Mar 1981 - Sep 2025
Moldova (%) 1.1 Jun 2025 quarterly Mar 1996 - Jun 2025
Mongolia (%) 6.5 Sep 2025 quarterly Mar 2011 - Sep 2025
Montenegro (%) 3.8 Jun 2026 quarterly Mar 2007 - Jun 2026
Morocco (%) 5.5 Jun 2025 quarterly Mar 2008 - Jun 2025
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 3.3 2023 yearly 2011 - 2023
Nepal (%) 0.6 Mar 2026 quarterly Dec 2004 - Mar 2026
Netherlands (%) 1.4 Sep 2025 quarterly Mar 1997 - Sep 2025
New Zealand (%) 0.0 Jun 2025 quarterly Jun 1983 - Jun 2025
Nigeria (%) 4.2 Jun 2025 quarterly Mar 2011 - Jun 2025
Norway (%) 2.2 Sep 2025 quarterly Mar 1979 - Sep 2025
Oman (%) 1.6 2024 yearly 1999 - 2024
Pakistan (%) 3.7 2025 yearly 2001 - 2025
Palestinian Territory (%) 1.9 Jun 2026 quarterly Jun 2000 - Jun 2026
Panama (%) 3.4 Jun 2025 quarterly Mar 2008 - Jun 2025
Paraguay (%) 5.9 Jun 2025 quarterly Mar 1995 - Jun 2025
Peru (%) 3.4 Sep 2025 quarterly Mar 1981 - Sep 2025
Philippines (%) 4.3 Sep 2025 quarterly Mar 1999 - Sep 2025
Poland (%) 3.8 Sep 2025 quarterly Mar 1996 - Sep 2025
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) -15.7 Jun 2026 quarterly Mar 2012 - Jun 2026
Romania (%) 1.4 Sep 2025 quarterly Mar 1996 - Sep 2025
Russia (%) 1.3 Jun 2025 quarterly Mar 1996 - Jun 2025
Saudi Arabia (%) -3.7 Dec 2023 quarterly Mar 2011 - Dec 2023
Serbia (%) 2.0 Sep 2025 quarterly Mar 1996 - Sep 2025
Singapore (%) 4.2 Sep 2025 quarterly Mar 1976 - Sep 2025
Slovakia (%) 0.9 Sep 2025 quarterly Mar 1994 - Sep 2025
Slovenia (%) 4.9 Jun 2026 quarterly Mar 1996 - Jun 2026
South Africa (%) 1.1 Jun 2025 quarterly Mar 1961 - Jun 2025
Spain (%) 2.8 Sep 2025 quarterly Mar 1996 - Sep 2025
Sri Lanka (%) 4.9 Jun 2025 quarterly Mar 2011 - Jun 2025
Sudan (%) -1.9 2021 yearly 1983 - 2021
Sweden (%) 2.5 Sep 2025 quarterly Mar 1982 - Sep 2025
Switzerland (%) 0.5 Sep 2025 quarterly Mar 1966 - Sep 2025

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Saudi Arabia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.8 2024 yearly 1969 - 2024
Consolidated Fiscal Balance (USD mn) -73,761.406 2025 yearly 1969 - 2025
National Government Debt (USD mn) 405,068.6 2025 yearly 2004 - 2025
Government Debt: % of GDP (%) 34.1 Jun 2026 quarterly Dec 2016 - Jun 2026
Forecast: Government Expenditure (SAR bn) 1,622.979 2031 yearly 1990 - 2031
Forecast: Government Net Debt (SAR bn) 2,739.050 2031 yearly 1991 - 2031
Forecast: Government Revenue (SAR bn) 1,417.135 2031 yearly 1991 - 2031
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.415 2028 yearly 1980 - 2028
Trade Balance (USD mn) 58,705.6 2025 yearly 1957 - 2025
Total Exports (USD mn) 22,501.0 Jul 2026 monthly Jan 2015 - Jul 2026
Total Exports Growth (%) -17.2 Jul 2026 monthly Jan 2016 - Jul 2026
Aluminum: Exports (USD th) 1,915,621.520 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 775,457.858 2025 yearly 1995 - 2025
Exports: Medicinal and Pharmaceutical Product (USD th) 61,647.497 2025 yearly 1995 - 2025
Total Imports (USD mn) 18,670.7 Jul 2026 monthly Jan 2005 - Jul 2026
Total Imports Growth (%) -15.4 Jul 2026 monthly Jan 2006 - Jul 2026
Imports: Medicament (USD th) 5,951,685.048 2025 yearly 1995 - 2025
Imports: Medicinal and Pharmaceutical Product (USD th) 3,062,835.569 2025 yearly 1995 - 2025
Total Exports to USA (USD mn) 1,167.614 Jul 2026 monthly Jan 2017 - Jul 2026
Total Imports from USA (USD mn) 1,568.838 Jul 2026 monthly Jan 2005 - Jul 2026
Total Exports to China (USD mn) 3,004.197 Jul 2026 monthly Jan 2017 - Jul 2026
Total Imports from China (USD mn) 4,241.648 Jul 2026 monthly Jan 1981 - Jul 2026
Exports: ow USA (SAR mn) 4,378.553 Jul 2026 monthly Jan 2017 - Jul 2026
Exports: ow China (SAR mn) 11,265.739 Jul 2026 monthly Jan 2017 - Jul 2026
Exports: South Korea (SAR mn) 6,465.687 Jul 2026 monthly Jan 2017 - Jul 2026
Exports: India (SAR mn) 6,249.999 Jul 2026 monthly Jan 2017 - Jul 2026
Exports: Value: North America: USA (SAR mn) 49,486.140 2025 yearly 1984 - 2025
Exports: Value: Asia: China Mainland (SAR mn) 170,378.493 2025 yearly 1984 - 2025
Exports: Value: Asia: South Korea (SAR mn) 97,857.517 2025 yearly 1984 - 2025
Exports: Value: Asia: Japan (SAR mn) 97,695.638 2025 yearly 1984 - 2025
Exports: Value: Asia: India (SAR mn) 109,859.409 2025 yearly 1984 - 2025
Imports: Value: European Union: Germany (SAR mn) 42,015.673 2025 yearly 1984 - 2025
Imports: Value: Asia: China Mainland (SAR mn) 261,225.993 2025 yearly 1984 - 2025
Imports: Value: Asia: South Korea (SAR mn) 20,491.670 2025 yearly 1984 - 2025
Imports: Value: North America: USA (SAR mn) 77,983.184 2025 yearly 1984 - 2025
Imports: Value: Asia: Japan (SAR mn) 38,196.965 2025 yearly 1984 - 2025
Imports: HS: Value: MC: Mineral Products (SAR mn) 46,522.007 2025 yearly 1983 - 2025
Imports: Harmonized System (HS): Value (SAR mn) 949,825.161 2025 yearly 1952 - 2025
Imports: HS: Value: Foodstuffs (SAR mn) 118,096.872 2025 yearly 1970 - 2025
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 18,486.857 2025 yearly 1970 - 2025
Imports: HS: Value: Transport Equipment (SAR mn) 129,601.518 2025 yearly 1970 - 2025
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 45,019.480 2025 yearly 1970 - 2025
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
Exports: Value: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
Exports: Value: Petroleum Products (SAR mn) 125,222.000 2017 yearly 1970 - 2017
Exports: Value: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - Apr 2018
Export Value Index (2015=100) 150.100 2024 yearly 2005 - 2024
Import Value Index (2015=100) 133.300 2024 yearly 2005 - 2024
Export Volume Index (2015=100) 106.200 2024 yearly 2005 - 2024
Import Volume Index (2015=100) 159.200 2024 yearly 2005 - 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 7,870.0 Mar 2026 quarterly Mar 2006 - Mar 2026
Current Account Balance (USD mn) -9,473.1 Jun 2026 quarterly Mar 2006 - Jun 2026
Current Account Balance: % of GDP (%) -2.8 Jun 2026 quarterly Mar 2006 - Jun 2026
Foreign Direct Investment (USD mn) 5,092.3 Jun 2026 quarterly Mar 2006 - Jun 2026
Foreign Direct Investment: % of GDP (%) 1.5 Jun 2026 quarterly Mar 2006 - Jun 2026
Foreign Portfolio Investment (USD mn) 29,853.115 Mar 2026 quarterly Mar 2008 - Mar 2026
Foreign Portfolio Investment: % of GDP (%) 8.8 Mar 2026 quarterly Mar 2008 - Mar 2026
Forecast: Current Account Balance (USD bn) -64.968 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) 720,584.588 2025 yearly 2007 - 2025
BoP: USD: FA: Other Investment (USD mn) 13,225.975 Mar 2026 quarterly Mar 2006 - Mar 2026
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 9,663.782 Jun 2026 quarterly Mar 2006 - Jun 2026
BoP: USD: CA: Secondary Income (USD mn) -19,400.684 Mar 2026 quarterly Mar 2006 - Mar 2026
BoP: USD: FA: Other Investment: Assets (USD mn) -9,327.724 Jun 2026 quarterly Mar 2006 - Jun 2026
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 29,853.115 Mar 2026 quarterly Mar 2008 - Mar 2026
BoP: USD: Errors and Omissions (USD mn) -4,943.208 Mar 2026 quarterly Mar 2006 - Mar 2026
BoP: USD: FA: Other Investment: Liabilities (USD mn) -3,665.555 Jun 2026 quarterly Mar 2006 - Jun 2026
BoP: USD: Financial Account (FA) (USD mn) -8,483.056 Jun 2026 quarterly Mar 2006 - Jun 2026
BoP: USD: FA: Reserve Assets (USD mn) -2,090.931 Jun 2026 quarterly Mar 2006 - Jun 2026
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 54,674.565 Jun 2026 quarterly Mar 2006 - Jun 2026
BoP: USD: CA: Primary Income: Credit (USD mn) 11,963.082 Mar 2026 quarterly Mar 2006 - Mar 2026
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 84,832.543 Mar 2026 quarterly Mar 2006 - Mar 2026
BoP: USD: CA: Primary Income: Debit (USD mn) 8,210.271 Jun 2026 quarterly Mar 2006 - Jun 2026
BoP: USD: FA: Direct Investment (USD mn) -4,012.503 Jun 2026 quarterly Mar 2006 - Jun 2026
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 19,014.332 Mar 2026 quarterly Mar 2006 - Mar 2026
BoP: USD: FA: Direct Investment: Assets (USD mn) 1,079.763 Jun 2026 quarterly Mar 2006 - Jun 2026
BoP: USD: CA: Primary Income (USD mn) 4,065.207 Mar 2026 quarterly Mar 2006 - Mar 2026
BoP: USD: CA: Goods & Services: Services (USD mn) -16,350.983 Jun 2026 quarterly Mar 2006 - Jun 2026
BoP: USD: CA: Goods & Services: Goods (USD mn) 21,739.444 Jun 2026 quarterly Mar 2006 - Jun 2026
BoP: USD: FA: Portfolio Investment (USD mn) -52,312.983 Mar 2026 quarterly Mar 2006 - Mar 2026
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 32,225.942 Jun 2026 quarterly Mar 2006 - Jun 2026
IIP: Assets (SAR mn) 6,033,709.652 2025 yearly 2007 - 2025
International Investment Position (IIP) (SAR mn) 2,702,192.206 2025 yearly 2007 - 2025
IIP: Liabilities (SAR mn) 3,323,317.500 2025 yearly 2007 - 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.0 Dec 2025 quarterly Mar 2009 - Dec 2025
Household Debt: % of GDP (%) 10.6 Jun 2026 quarterly Dec 2003 - Jun 2026
Money Supply M1 (USD mn) 450,696.270 Jul 2026 monthly Jan 1993 - Jul 2026
Money Supply M2 (USD mn) 823,822.756 Jul 2026 monthly Jan 1993 - Jul 2026
M2 Growth (%) 9.8 Jul 2026 monthly Jan 1994 - Jul 2026
Reserve Requirement Ratio (%) 7.0 Sep 2026 monthly Mar 1980 - Sep 2026
Foreign Exchange Reserves (USD mn) 462,153.7 Aug 2026 monthly Jan 2001 - Aug 2026
Foreign Exchange Reserves: % of GDP (%) 35.645 Jun 2026 quarterly Dec 2003 - Jun 2026
Foreign Exchange Reserves: Months of Import (NA) 20.6 2025 yearly 1957 - 2025
Gold Reserves (USD mn) 432.934 Sep 2026 monthly Dec 1957 - Sep 2026
Total Deposits (USD mn) 821,275.221 Aug 2026 monthly Jan 1993 - Aug 2026
Total Deposits Growth (%) 5.7 Aug 2026 monthly Jan 1994 - Aug 2026
Domestic Credit (USD mn) 1,122,968.6 Jul 2026 monthly Jan 1993 - Jul 2026
Domestic Credit Growth (%) 8.0 Mar 2026 quarterly Mar 1994 - Mar 2026
Credit to Households (USD bn) 409.179 Mar 2026 quarterly Mar 1998 - Mar 2026
Credit to Private Non-Financial Sector (USD bn) 1,011.135 Mar 2026 quarterly Mar 1993 - Mar 2026
Household Debt (USD mn) 137,379.6 Mar 2026 quarterly Mar 1998 - Mar 2026
Total Loans (USD mn) 915,681.635 Jul 2026 monthly Jan 1997 - Jul 2026
Total Loans Growth (%) 7.01 Aug 2026 monthly Jan 1998 - Aug 2026
Private Debt: % of Nominal GDP (%) 65.25 Jun 2026 quarterly Dec 2003 - Jun 2026
Base Money (SAR mn) 443,518.182 Aug 2026 monthly Jan 2000 - Aug 2026
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 3,328,620.150 Aug 2026 monthly Jan 1993 - Aug 2026
Money Supply: M3: M2: M1 (SAR mn) 1,673,431.661 Aug 2026 monthly Jan 1993 - Aug 2026
Money Supply: M3: M2 (SAR mn) 3,073,157.690 Aug 2026 monthly Jan 1993 - Aug 2026
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 605,287.621 Jul 2026 monthly Jan 2001 - Jul 2026
Official Reserve Assets (SAR mn) 1,746,270.286 Sep 2026 monthly Jan 2001 - Sep 2026
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019
Banks Deposits: Demand: Business and Individuals (SAR mn) 1,143,196.609 Jul 2026 monthly Jan 1993 - Jul 2026
Banks Deposits (SAR mn) 3,079,782.079 Aug 2026 monthly Jan 1993 - Aug 2026
Bank Loans: Consumer (SAR mn) 481,091.283 Mar 2026 quarterly Mar 1998 - Mar 2026

More Indicators for Saudi Arabia

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