Saudi Arabia Real GDP Growth

2011 - 2022 | Quarterly | % | General Authority for Statistics

Key information about Saudi Arabia Real GDP Growth

  • The Gross Domestic Product (GDP) in Saudi Arabia expanded 5.5 % YoY in Dec 2022, following a growth of 8.7 % in the previous quarter.
  • Real GDP Growth YoY data in Saudi Arabia is updated quarterly, available from Mar 2011 to Dec 2022, with an average rate of 3.0 %.
  • 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 273.0 USD bn in Dec 2022.
  • Its GDP deflator (implicit price deflator) increased 7.6 % in Dec 2022.
  • GDP Per Capita in Saudi Arabia reached 23,310.8 USD in Dec 2021.
  • Its Gross Savings Rate was measured at 37.7 % in Dec 2022.
  • For Nominal GDP contributions, Investment accounted for 26.3 % in Dec 2022.
  • Public Consumption accounted for 25.4 % in Dec 2022.
  • Private Consumption accounted for 36.9 % in Dec 2022.

View Saudi Arabia's Real GDP Growth from Mar 2011 to Dec 2022 in the chart:

Saudi Arabia Real GDP Growth

What was Saudi Arabia's Real GDP Growth in Dec 2022?

The Gross Domestic Product (GDP) in Saudi Arabia expanded 5.5 % YoY in Dec 2022, following a growth of 8.7 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
5.5 Dec 2022 8.7 Sep 2022 -7.4 Jun 2020 14.6 Sep 2011 % quarterly Mar 2011 - Dec 2022

Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 4.0 Sep 2022 quarterly Mar 2010 - Sep 2022
Algeria (%) 3.5 Sep 2022 quarterly Mar 2012 - Sep 2022
Argentina (%) 1.5 Dec 2022 quarterly Mar 2005 - Dec 2022
Armenia (%) 14.8 Sep 2022 quarterly Mar 2001 - Sep 2022
Australia (%) 2.7 Dec 2022 quarterly Sep 1960 - Dec 2022
Austria (%) 3.0 Dec 2022 quarterly Mar 1989 - Dec 2022
Azerbaijan (%) 4.6 Sep 2022 quarterly Mar 2001 - Sep 2022
Bahrain (%) 4.2 Sep 2022 quarterly Mar 2009 - Sep 2022
Bangladesh (%) 7.1 2022 yearly 2007 - 2022
Belarus (%) -5.6 Sep 2022 quarterly Mar 2006 - Sep 2022
Belgium (%) 1.9 Sep 2022 quarterly Mar 1996 - Sep 2022
Bolivia (%) 4.3 Jun 2022 quarterly Mar 1991 - Jun 2022
Bosnia and Herzegovina (%) 2.6 Sep 2022 quarterly Mar 2009 - Sep 2022
Botswana (%) 6.3 Sep 2022 quarterly Mar 1995 - Sep 2022
Brazil (%) 2.3 Dec 2022 quarterly Mar 1997 - Dec 2022
Brunei (%) 0.9 Sep 2022 quarterly Mar 2005 - Sep 2022
Bulgaria (%) 2.3 Dec 2022 quarterly Mar 1996 - Dec 2022
Cambodia (%) 3.0 2021 yearly 1994 - 2021
Canada (%) 2.1 Dec 2022 quarterly Mar 1962 - Dec 2022
Chile (%) -0.1 Sep 2022 quarterly Mar 1987 - Sep 2022
China (%) 2.9 Dec 2022 quarterly Mar 1992 - Dec 2022
Colombia (%) 2.9 Dec 2022 quarterly Mar 2001 - Dec 2022
Croatia (%) 4.0 Dec 2022 quarterly Mar 1996 - Dec 2022
Cyprus (%) 4.5 Dec 2022 quarterly Mar 1996 - Dec 2022
Czech Republic (%) 0.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Denmark (%) 1.5 Dec 2022 quarterly Mar 1992 - Dec 2022
Ecuador (%) 3.2 Sep 2022 quarterly Mar 1994 - Sep 2022
Egypt (%) 4.4 Sep 2022 quarterly Sep 2002 - Sep 2022
Estonia (%) -2.3 Sep 2022 quarterly Mar 1996 - Sep 2022
European Union (%) 1.7 Dec 2022 quarterly Mar 1996 - Dec 2022
Finland (%) 0.1 Dec 2022 quarterly Mar 1976 - Dec 2022
France (%) 0.5 Dec 2022 quarterly Mar 1950 - Dec 2022
Georgia (%) 9.7 Dec 2022 quarterly Mar 1998 - Dec 2022
Germany (%) 0.9 Dec 2022 quarterly Mar 1992 - Dec 2022
Ghana (%) 0.7 Sep 2022 quarterly Jun 2006 - Sep 2022
Greece (%) 5.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Hong Kong SAR, China (%) -4.2 Dec 2022 quarterly Mar 1991 - Dec 2022
Hungary (%) 0.8 Dec 2022 quarterly Mar 1996 - Dec 2022
Iceland (%) 5.4 Sep 2022 quarterly Mar 1996 - Sep 2022
India (%) 4.4 Dec 2022 quarterly Jun 2005 - Dec 2022
Indonesia (%) 5.0 Dec 2022 quarterly Mar 1994 - Dec 2022
Iran (%) 5.0 Mar 2022 quarterly Jun 1989 - Mar 2022
Ireland (%) 13.1 Dec 2022 quarterly Mar 1996 - Dec 2022
Israel (%) 2.7 Dec 2022 quarterly Mar 1996 - Dec 2022
Italy (%) 1.4 Dec 2022 quarterly Mar 1982 - Dec 2022
Ivory Coast (%) 6.8 2022 yearly 1966 - 2022
Japan (%) 0.4 Dec 2022 quarterly Mar 1956 - Dec 2022
Jordan (%) 2.6 Sep 2022 quarterly Mar 1993 - Sep 2022
Kazakhstan (%) 2.2 Sep 2022 quarterly Mar 2006 - Sep 2022
Kenya (%) 5.2 Sep 2022 quarterly Mar 2010 - Sep 2022
South Korea (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Kosovo (%) 3.3 Sep 2022 quarterly Mar 2011 - Sep 2022
Kuwait (%) 4.7 Dec 2020 quarterly Jun 2010 - Dec 2020
Kyrgyzstan (%) 7.0 Dec 2022 quarterly Mar 2007 - Dec 2022
Laos (%) 3.5 2021 yearly 2003 - 2021
Latvia (%) 0.5 Dec 2022 quarterly Mar 1996 - Dec 2022
Lebanon (%) -25.9 2020 yearly 2005 - 2020
Lithuania (%) -0.4 Dec 2022 quarterly Jun 1995 - Dec 2022
Luxembourg (%) -2.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Macau SAR, China (%) -23.4 Dec 2022 quarterly Mar 2002 - Dec 2022
North Macedonia (%) 0.6 Dec 2022 quarterly Mar 2001 - Dec 2022
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) 7.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Malta (%) 4.7 Dec 2022 quarterly Mar 2001 - Dec 2022
Mauritius (%) 7.4 Sep 2022 quarterly Mar 2001 - Sep 2022
Mexico (%) 3.7 Dec 2022 quarterly Mar 1981 - Dec 2022
Moldova (%) -10.3 Sep 2022 quarterly Mar 1996 - Sep 2022
Mongolia (%) 7.7 Dec 2022 quarterly Mar 2011 - Dec 2022
Montenegro (%) 3.2 Sep 2022 quarterly Mar 2011 - Sep 2022
Morocco (%) 1.6 Sep 2022 quarterly Mar 2008 - Sep 2022
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) -2.9 2021 yearly 2011 - 2021
Nepal (%) -6.5 Jun 2021 quarterly Dec 2004 - Jun 2021
Netherlands (%) 3.5 Dec 2022 quarterly Mar 1997 - Dec 2022
New Zealand (%) 2.5 Dec 2022 quarterly Jun 1983 - Dec 2022
Nigeria (%) 2.2 Sep 2022 quarterly Mar 2011 - Sep 2022
Norway (%) 1.8 Dec 2022 quarterly Mar 1979 - Dec 2022
Oman (%) 3.1 2021 yearly 1999 - 2021
Pakistan (%) 6.2 2022 yearly 2001 - 2022
Palestinian Territory (%) 1.3 Sep 2022 quarterly Jun 2011 - Sep 2022
Panama (%) 9.5 Sep 2022 quarterly Mar 2008 - Sep 2022
Paraguay (%) 2.8 Sep 2022 quarterly Mar 1995 - Sep 2022
Peru (%) 1.7 Dec 2022 quarterly Mar 1981 - Dec 2022
Philippines (%) 7.1 Dec 2022 quarterly Mar 1999 - Dec 2022
Poland (%) 0.4 Dec 2022 quarterly Mar 1996 - Dec 2022
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) 6.3 Jun 2022 quarterly Mar 2012 - Jun 2022
Romania (%) 4.9 Dec 2022 quarterly Mar 1996 - Dec 2022
Russia (%) -3.4 Sep 2022 quarterly Mar 1996 - Sep 2022
Saudi Arabia (%) 5.5 Dec 2022 quarterly Mar 2011 - Dec 2022
Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Singapore (%) 2.1 Dec 2022 quarterly Mar 1976 - Dec 2022
Slovakia (%) 1.2 Dec 2022 quarterly Mar 1994 - Dec 2022
Slovenia (%) 1.3 Dec 2022 quarterly Mar 1996 - Dec 2022
South Africa (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Spain (%) 2.7 Dec 2022 quarterly Mar 1996 - Dec 2022
Sri Lanka (%) -12.4 Dec 2022 quarterly Mar 2011 - Dec 2022
Sudan (%) -1.9 2021 yearly 1983 - 2021
Sweden (%) -0.1 Dec 2022 quarterly Mar 1982 - Dec 2022
Switzerland (%) 0.7 Sep 2022 quarterly Mar 1966 - Sep 2022

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Saudi Arabia Key Series

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Includes 195 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 (%) -11.2 2020 yearly 1969 - 2020
Consolidated Fiscal Balance (USD mn) 27,694.667 2022 yearly 1969 - 2022
National Government Debt (USD mn) 262,666.7 2022 yearly 2004 - 2022
Government Debt: % of GDP (%) 23.8 Dec 2022 quarterly Dec 2016 - Dec 2022
Forecast: Government Expenditure (SAR bn) 1,144.420 2027 yearly 1990 - 2027
Forecast: Government Net Debt (SAR bn) 937.979 2027 yearly 1991 - 2027
Forecast: Government Revenue (SAR bn) 1,317.820 2027 yearly 1991 - 2027
Public Debt (SAR mn) 108,753.650 2021 yearly 2004 - 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.744 2027 yearly 1980 - 2027
Trade Balance (USD mn) 221,585.7 2022 yearly 1957 - 2022
Total Exports (USD mn) 28,860.8 Dec 2022 monthly Jan 2015 - Dec 2022
Total Exports Growth (%) 1.1 Dec 2022 monthly Jan 2016 - Dec 2022
Aluminum: Exports (USD th) 2,621,572.046 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 507,357.741 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 25,492.542 2021 yearly 1995 - 2021
Total Imports (USD mn) 16,582.3 Dec 2022 monthly Jan 2005 - Dec 2022
Total Imports Growth (%) 16.9 Dec 2022 monthly Jan 2006 - Dec 2022
Imports: Medicament (USD th) 4,414,206.914 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 1,340,075.823 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 1,633.576 Jan 2023 monthly Jan 2017 - Jan 2023
Total Imports from USA (USD mn) 1,700.267 Dec 2022 monthly Jan 2005 - Dec 2022
Total Exports to China (USD mn) 4,315.118 Dec 2022 monthly Jan 2017 - Dec 2022
Total Imports from China (USD mn) 3,655.943 Dec 2022 monthly Jan 1981 - Dec 2022
Exports: Value: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
Exports: Value: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - 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) 5,639.179 Dec 2022 monthly Jan 2017 - Dec 2022
Exports: ow China (SAR mn) 20,647.883 Nov 2022 monthly Jan 2017 - Nov 2022
Exports: Value (SAR mn) 108,228.142 Dec 2022 monthly Jan 2015 - Dec 2022
Exports: India (SAR mn) 11,319.375 Dec 2022 monthly Jan 2017 - Dec 2022
Exports: South Korea (SAR mn) 9,054.245 Dec 2022 monthly Jan 2017 - Dec 2022
Exports: Value: Asia: India (SAR mn) 99,965.866 2021 yearly 1984 - 2021
Exports: Value: Asia: South Korea (SAR mn) 87,342.183 2021 yearly 1984 - 2021
Exports: Value: North America: USA (SAR mn) 53,516.853 2021 yearly 1984 - 2021
Exports: Value: Asia: China Mainland (SAR mn) 190,911.169 2021 yearly 1984 - 2021
Exports: Value: Asia: Japan (SAR mn) 102,598.276 2021 yearly 1984 - 2021
Imports: Value: Asia: China Mainland (SAR mn) 113,380.856 2021 yearly 1984 - 2021
Imports: Value: North America: USA (SAR mn) 60,548.791 2021 yearly 1984 - 2021
Imports: Value: Asia: Japan (SAR mn) 22,732.339 2021 yearly 1984 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 185.6 Sep 2022 quarterly Mar 2006 - Sep 2022
Current Account Balance (USD mn) 47,343.1 Sep 2022 quarterly Mar 2006 - Sep 2022
Current Account Balance: % of GDP (%) 16.7 Sep 2022 quarterly Mar 2006 - Sep 2022
Foreign Direct Investment (USD mn) 1,912.0 Sep 2022 quarterly Mar 2006 - Sep 2022
Foreign Direct Investment: % of GDP (%) 0.7 Sep 2022 quarterly Mar 2006 - Sep 2022
Foreign Portfolio Investment (USD mn) -170.216 Sep 2022 quarterly Mar 2008 - Sep 2022
Foreign Portfolio Investment: % of GDP (%) -0.1 Sep 2022 quarterly Mar 2008 - Sep 2022
Forecast: Current Account Balance (USD bn) 38.739 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 618,394.599 2021 yearly 2007 - 2021
BoP: USD: FA: Other Investment (USD mn) 1,102.407 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: FA: Other Investment: Assets (USD mn) 29,378.216 Mar 2022 quarterly Mar 2006 - Mar 2022
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 10,382.407 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Secondary Income (USD mn) -11,583.977 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 26,130.104 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) -170.216 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: USD: FA: Other Investment: Liabilities (USD mn) -10,867.261 Mar 2022 quarterly Mar 2006 - Mar 2022
BoP: USD: FA: Portfolio Investment (USD mn) 15,247.389 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: Errors and Omissions (USD mn) 2,390.730 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: FA: Reserve Assets (USD mn) 1,637.288 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: Financial Account (FA) (USD mn) 49,155.265 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 106,745.649 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Primary Income: Credit (USD mn) 8,432.944 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 42,205.258 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: CA: Primary Income: Debit (USD mn) 3,308.856 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: FA: Direct Investment (USD mn) -1,726.374 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 11,352.237 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: FA: Direct Investment: Assets (USD mn) 185.638 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Goods & Services: Services (USD mn) -19,924.608 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: CA: Primary Income (USD mn) 5,124.088 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: CA: Goods & Services: Goods (USD mn) 62,049.362 Sep 2022 quarterly Mar 2006 - Sep 2022
IIP: Assets (SAR mn) 4,684,311.379 2021 yearly 2007 - 2021
International Investment Position (IIP) (SAR mn) 2,318,979.746 2021 yearly 2007 - 2021
IIP: Liabilities (SAR mn) 2,365,331.633 2021 yearly 2007 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.8 Sep 2022 quarterly Mar 2009 - Sep 2022
Household Debt: % of GDP (%) 11.4 Dec 2022 quarterly Dec 2003 - Dec 2022
Money Supply M1 (USD mn) 407,500.283 Dec 2022 monthly Jan 1993 - Dec 2022
Money Supply M2 (USD mn) 576,545.340 Jan 2023 monthly Jan 1993 - Jan 2023
M2 Growth (%) 6.5 Jan 2023 monthly Jan 1994 - Jan 2023
Reserve Requirement Ratio (%) 7.0 Feb 2023 monthly Mar 1980 - Feb 2023
Foreign Exchange Reserves (USD mn) 432,358.0 Jan 2023 monthly Jan 2001 - Jan 2023
Foreign Exchange Reserves: % of GDP (%) 41.321 Sep 2022 quarterly Dec 2003 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 27.7 2022 yearly 1957 - 2022
Gold Reserves (USD mn) 432.945 Dec 2022 monthly Dec 1957 - Dec 2022
Total Deposits (USD mn) 606,476.357 Jan 2023 monthly Jan 1993 - Jan 2023
Total Deposits Growth (%) 8.7 Jan 2023 monthly Jan 1994 - Jan 2023
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) 140.380 Sep 2022 quarterly Mar 1998 - Sep 2022
Credit to Private Non-Financial Sector (USD bn) 728.038 Jun 2022 quarterly Mar 1993 - Jun 2022
Household Debt (USD mn) 126,565.6 Dec 2022 quarterly Mar 1998 - Dec 2022
Total Loans (USD mn) 626,447.335 Dec 2022 monthly Jan 1997 - Dec 2022
Total Loans Growth (%) 14.03 Jan 2023 monthly Jan 1998 - Jan 2023
Private Debt: % of Nominal GDP (%) 54.36 Dec 2022 quarterly Dec 2003 - Dec 2022
Base Money (SAR mn) 359,842.024 Jan 2023 monthly Jan 2000 - Jan 2023
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,475,908.096 Jan 2023 monthly Jan 1993 - Jan 2023
Money Supply: M3: M2: M1 (SAR mn) 1,500,522.759 Jan 2023 monthly Jan 1993 - Jan 2023
Money Supply: M3: M2 (SAR mn) 2,182,890.334 Dec 2022 monthly Jan 1993 - Dec 2022
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 560,374.224 Jan 2023 monthly Jan 2001 - Jan 2023
Official Reserve Assets (SAR mn) 1,716,160.213 Jan 2023 monthly Jan 2001 - Jan 2023
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019
Banks Deposits: Demand: Business and Individuals (SAR mn) 1,155,575.884 Dec 2022 monthly Jan 1993 - Dec 2022
Banks Deposits (SAR mn) 2,274,286.339 Jan 2023 monthly Jan 1993 - Jan 2023
Bank Loans: Consumer (SAR mn) 448,138.690 Sep 2022 quarterly Mar 1998 - Sep 2022

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