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 -0.728 % in Dec 2023.
  • This records an increase from the previous number of -6.421 % for Sep 2023.
  • Saudi Arabia Nominal GDP Growth data is updated quarterly, averaging 7.840 % from Mar 2004 to Dec 2023, with 80 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 Dec 2023 in the chart:

Saudi Arabia Nominal GDP Growth

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

Saudi Arabia Nominal GDP Growth was reported at -0.728 % in Dec 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-0.728 Dec 2023 -6.421 Sep 2023 -30.627 Jun 2009 49.034 Jun 2008 % quarterly Mar 2004 - Dec 2023

Nominal GDP Growth by Country Comparison

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Includes Nominal GDP Growth on 114 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 7.894 Sep 2023 quarterly Mar 2009 - Sep 2023
Algeria (%) 9.089 Mar 2023 quarterly Mar 2000 - Mar 2023
Argentina (%) 169.925 Dec 2023 quarterly Mar 1994 - Dec 2023
Armenia (%) 9.822 Dec 2023 quarterly Dec 1995 - Dec 2023
Australia (%) 4.423 Dec 2023 quarterly Sep 1960 - Dec 2023
Austria (%) 6.545 Jun 2023 quarterly Mar 1996 - Jun 2023
Azerbaijan (%) -11.065 Dec 2023 quarterly Mar 2002 - Dec 2023
Bahrain (%) 3.250 Dec 2023 quarterly Mar 2008 - Dec 2023
Bangladesh (%) 13.071 2023 yearly 2007 - 2023
Belarus (%) 13.678 Dec 2023 quarterly Mar 1995 - Dec 2023
Belgium (%) 3.901 Dec 2023 quarterly Mar 1981 - Dec 2023
Bolivia (%) 0.912 Sep 2023 quarterly Mar 1991 - Sep 2023
Bosnia and Herzegovina (%) 4.068 Dec 2023 quarterly Mar 2009 - Dec 2023
Botswana (%) -4.803 Dec 2023 quarterly Sep 1994 - Dec 2023
Brazil (%) 7.187 Dec 2023 quarterly Mar 1991 - Dec 2023
Brunei (%) -13.343 Sep 2023 quarterly Mar 2005 - Sep 2023
Bulgaria (%) 5.061 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 (%) 3.969 Dec 2023 quarterly Mar 1991 - Dec 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 (%) 6.200 Dec 2023 quarterly Mar 1996 - Dec 2023
Denmark (%) -2.051 Dec 2023 quarterly Mar 1991 - Dec 2023
Ecuador (%) -1.089 Dec 2023 quarterly Mar 1992 - Dec 2023
Egypt (%) 36.681 Dec 2023 quarterly Sep 2002 - Dec 2023
Estonia (%) 2.955 Dec 2023 quarterly Mar 1996 - Dec 2023
European Union (%) 5.666 Dec 2023 quarterly Mar 1996 - Dec 2023
Finland (%) 1.184 Dec 2023 quarterly Mar 1991 - Dec 2023
France (%) 5.671 Dec 2023 quarterly Mar 1950 - Dec 2023
Georgia (%) 7.641 Dec 2023 quarterly Mar 1997 - Dec 2023
Germany (%) 6.266 Dec 2023 quarterly Mar 1961 - Dec 2023
Ghana (%) 39.349 Sep 2023 quarterly Mar 2007 - Sep 2023
Greece (%) 5.196 Dec 2023 quarterly Mar 1996 - Dec 2023
Hong Kong SAR, China (%) 8.548 Dec 2023 quarterly Mar 1974 - Dec 2023
Hungary (%) 13.247 Dec 2023 quarterly Mar 1996 - Dec 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 (%) 36.289 Sep 2023 quarterly Jun 1989 - Sep 2023
Ireland (%) -5.150 Dec 2023 quarterly Mar 1996 - Dec 2023
Israel (%) -0.107 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 (%) 5.357 Dec 2023 quarterly Mar 1981 - Dec 2023
Jordan (%) 4.082 Dec 2023 quarterly Mar 1993 - Dec 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 (%) 9.548 Dec 2023 quarterly Mar 2011 - Dec 2023
Kuwait (%) -11.726 Sep 2023 quarterly Mar 2011 - Sep 2023
Kyrgyzstan (%) 18.207 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 (%) 4.718 Dec 2023 quarterly Mar 1996 - Dec 2023
Luxembourg (%) 1.823 Dec 2023 quarterly Mar 1996 - Dec 2023
Macau SAR, China (%) 99.802 Dec 2023 quarterly Mar 1999 - Dec 2023
North Macedonia (%) 7.165 Dec 2023 quarterly Mar 2001 - Dec 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 (%) 13.075 Dec 2023 quarterly Mar 2000 - Dec 2023
Mexico (%) 8.034 Dec 2023 quarterly Mar 1994 - Dec 2023
Moldova (%) 11.774 Dec 2023 quarterly Mar 1996 - Dec 2023
Mongolia (%) 24.672 Dec 2023 quarterly Mar 2001 - Dec 2023
Montenegro (%) 10.574 Dec 2023 quarterly Mar 2011 - Dec 2023
Morocco (%) 6.729 Dec 2023 quarterly Mar 2008 - Dec 2023
Mozambique (%) 11.040 2022 yearly 1964 - 2022
Nepal (%) 13.427 2022 yearly 2002 - 2022
Netherlands (%) 6.236 Dec 2023 quarterly Mar 1989 - Dec 2023
New Zealand (%) 3.784 Dec 2023 quarterly Jun 1988 - Dec 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 (%) -30.860 Dec 2023 quarterly Mar 2001 - Dec 2023
Panama (%) 7.326 Dec 2023 quarterly Mar 2008 - Dec 2023
Paraguay (%) 5.865 Dec 2023 quarterly Mar 1995 - Dec 2023
Peru (%) 5.953 Dec 2022 quarterly Mar 1991 - Dec 2022
Philippines (%) 9.280 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 (%) 14.314 Dec 2023 quarterly Mar 1996 - Dec 2023
Russia (%) 19.473 Dec 2023 quarterly Mar 1994 - Dec 2023
Saudi Arabia (%) -0.728 Dec 2023 quarterly Mar 2004 - Dec 2023
Serbia (%) 12.351 Jun 2023 quarterly Mar 1996 - Jun 2023
Singapore (%) 2.511 Dec 2023 quarterly Mar 1976 - Dec 2023
Slovakia (%) 11.483 Dec 2023 quarterly Mar 1996 - Dec 2023
Slovenia (%) 11.395 Dec 2023 quarterly Mar 1996 - Dec 2023
South Africa (%) 5.946 Dec 2023 quarterly Mar 1961 - Dec 2023
Spain (%) 7.081 Dec 2023 quarterly Mar 1971 - Dec 2023
Sri Lanka (%) 11.992 Dec 2023 quarterly Mar 2003 - Dec 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 192 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 (%) 26.2 Dec 2023 quarterly Dec 2016 - Dec 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) 25,318.3 Jan 2024 monthly Jan 2015 - Jan 2024
Total Exports Growth (%) -10.3 Jan 2024 monthly Jan 2016 - Jan 2024
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) 17,790.5 Jan 2024 monthly Jan 2005 - Jan 2024
Total Imports Growth (%) -1.4 Jan 2024 monthly Jan 2006 - Jan 2024
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) 223.503 Jan 2024 monthly Jan 2017 - Jan 2024
Total Imports from USA (USD mn) 1,381.322 Jan 2024 monthly Jan 2005 - Jan 2024
Total Exports to China (USD mn) 1,686.288 Jan 2024 monthly Jan 2017 - Jan 2024
Total Imports from China (USD mn) 3,628.458 Jan 2024 monthly Jan 1981 - Jan 2024
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: Petroleum Products (SAR mn) 125,222.000 2017 yearly 1970 - 2017
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
Exports: ow China (SAR mn) 6,323.580 Jan 2024 monthly Jan 2017 - Jan 2024
Exports: India (SAR mn) 1,030.331 Jan 2024 monthly Jan 2017 - Jan 2024
Exports: ow USA (SAR mn) 838.135 Jan 2024 monthly Jan 2017 - Jan 2024
Exports: Value (SAR mn) 94,943.567 Jan 2024 monthly Jan 2015 - Jan 2024
Exports: South Korea (SAR mn) 1,865.858 Jan 2024 monthly Jan 2017 - Jan 2024
Exports: Value: Asia: India (SAR mn) 157,187.346 2022 yearly 1984 - 2022
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 17,042.009 2023 yearly 1970 - 2023
Imports: HS: Value: Transport Equipment (SAR mn) 138,396.368 2023 yearly 1970 - 2023
Imports: HS: Value: Foodstuffs (SAR mn) 103,472.691 2023 yearly 1970 - 2023
Imports: HS: Value: MC: Mineral Products (SAR mn) 60,441.675 2023 yearly 1983 - 2023
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 33,729.880 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) 1,572.9 Dec 2023 quarterly Mar 2006 - Dec 2023
Current Account Balance (USD mn) 4,345.0 Dec 2023 quarterly Mar 2006 - Dec 2023
Current Account Balance: % of GDP (%) 1.6 Dec 2023 quarterly Mar 2006 - Dec 2023
Foreign Direct Investment (USD mn) 3,516.5 Dec 2023 quarterly Mar 2006 - Dec 2023
Foreign Direct Investment: % of GDP (%) 1.3 Dec 2023 quarterly Mar 2006 - Dec 2023
Foreign Portfolio Investment (USD mn) 3,396.120 Dec 2023 quarterly Mar 2008 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 1.3 Dec 2023 quarterly Mar 2008 - Dec 2023
Forecast: Current Account Balance (USD bn) 6.924 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 785,074.650 2023 yearly 2007 - 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 616.607 Sep 2023 quarterly Mar 2018 - Sep 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 1,074.043 Sep 2023 quarterly Mar 2018 - Sep 2023
BoP: USD: CA: Secondary Income (USD mn) -13,322.937 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Other Investment: Liabilities (USD mn) 16,717.701 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Portfolio Investment (USD mn) 16,286.400 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Other Investment (USD mn) -12,678.459 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Reserve Assets (USD mn) -2,580.978 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: Financial Account (FA) (USD mn) -916.716 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Primary Income: Credit (USD mn) 8,542.244 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Primary Income: Debit (USD mn) 7,765.631 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Goods & Services: Services (USD mn) -12,831.554 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 79,505.705 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 49,782.867 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Direct Investment (USD mn) -1,943.678 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: Errors and Omissions (USD mn) -3,505.581 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 11,200.383 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Direct Investment: Assets (USD mn) 1,572.855 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Goods & Services: Goods (USD mn) 29,722.838 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 19,682.520 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 24,031.936 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Primary Income (USD mn) 776.612 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 3,396.120 Dec 2023 quarterly Mar 2008 - Dec 2023
BoP: USD: FA: Other Investment: Assets (USD mn) 4,039.242 Dec 2023 quarterly Mar 2006 - Dec 2023
International Investment Position (IIP) (SAR mn) 2,944,029.939 2023 yearly 2007 - 2023
IIP: Liabilities (SAR mn) 2,407,971.859 2023 yearly 2007 - 2023
IIP: Assets (SAR mn) 5,352,001.798 2023 yearly 2007 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Sep 2023 quarterly Mar 2009 - Sep 2023
Household Debt: % of GDP (%) 11.7 Dec 2023 quarterly Dec 2003 - Dec 2023
Money Supply M1 (USD mn) 417,393.794 Feb 2024 monthly Jan 1993 - Feb 2024
Money Supply M2 (USD mn) 641,002.539 Feb 2024 monthly Jan 1993 - Feb 2024
M2 Growth (%) 10.5 Feb 2024 monthly Jan 1994 - Feb 2024
Reserve Requirement Ratio (%) 7.0 Mar 2024 monthly Mar 1980 - Mar 2024
Foreign Exchange Reserves (USD mn) 406,940.5 Feb 2024 monthly Jan 2001 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 38.579 Dec 2023 quarterly Dec 2003 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 23.4 2023 yearly 1957 - 2023
Gold Reserves (USD mn) 432.934 Mar 2024 monthly Dec 1957 - Mar 2024
Total Deposits (USD mn) 676,857.784 Feb 2024 monthly Jan 1993 - Feb 2024
Total Deposits Growth (%) 10.3 Feb 2024 monthly Jan 1994 - Feb 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) 706,294.887 Feb 2024 monthly Jan 1997 - Feb 2024
Total Loans Growth (%) 10.85 Feb 2024 monthly Jan 1998 - Feb 2024
Private Debt: % of Nominal GDP (%) 61.93 Dec 2023 quarterly Dec 2003 - Dec 2023
Base Money (SAR mn) 382,248.004 Feb 2024 monthly Jan 2000 - Feb 2024
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,756,193.012 Feb 2024 monthly Jan 1993 - Feb 2024
Money Supply: M3: M2 (SAR mn) 2,403,759.521 Feb 2024 monthly Jan 1993 - Feb 2024
Money Supply: M3: M2: M1 (SAR mn) 1,565,226.729 Feb 2024 monthly Jan 1993 - Feb 2024
Official Reserve Assets (SAR mn) 1,707,388.317 Mar 2024 monthly Jan 2001 - Mar 2024
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 547,978.862 Feb 2024 monthly Jan 2001 - Feb 2024
Banks Deposits (SAR mn) 2,538,216.688 Feb 2024 monthly Jan 1993 - Feb 2024

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