Annual growth of the gross capital formation in Saudi Arabia
Saudi Arabia: Annual growth of the gross capital formation was 3.9% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Saudi Arabia, 2001–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Saudi Arabia recorded 3.9% for annual growth of the gross capital formation in 2024.
The figure is down 26.4% on the previous year and down 56.6% over ten years.
Over the whole period, annual growth of the gross capital formation in Saudi Arabia peaked at 33.1% in 2006 and was at its lowest, -19.2%, in 2020.
Saudi Arabia ranks 71st of 167 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Saudi Arabia, year by year
| Year | % | Change |
|---|---|---|
| 2001 | -3.0% | — |
| 2002 | 20.0% | -766.0% |
| 2003 | 3.1% | -84.3% |
| 2004 | 23.7% | +656.5% |
| 2005 | 20.6% | -13.1% |
| 2006 | 33.1% | +60.6% |
| 2007 | 23.5% | -29.0% |
| 2008 | 30.0% | +28.0% |
| 2009 | -3.4% | -111.4% |
| 2010 | 12.1% | -451.3% |
| 2011 | 11.2% | -7.4% |
| 2012 | 4.9% | -56.4% |
| 2013 | 0.3% | -94.3% |
| 2014 | 8.9% | +3082.1% |
| 2015 | 2.7% | -69.4% |
| 2016 | -14.1% | -616.8% |
| 2017 | -2.7% | -80.7% |
| 2018 | -1.3% | -52.4% |
| 2019 | 14.5% | -1214.6% |
| 2020 | -19.2% | -232.4% |
| 2021 | 21.0% | -209.7% |
| 2022 | 15.8% | -25.1% |
| 2023 | 5.3% | -66.6% |
| 2024 | 3.9% | -26.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.4% | -3.4% | 33.1% | 9 |
| 2010s | 3.6% | -14.1% | 14.5% | 10 |
| 2020s | 5.3% | -19.2% | 21.0% | 5 |
Countries ranked near Saudi Arabia
- 68 Belize 4.5% compare
- 69 Lebanon 4.5% compare
- 70 United Arab Emirates 4.2% compare
- 72 Portugal 3.8% compare
- 73 Montenegro 3.7% compare
- 74 United States of America 3.5% compare
More economy & growth data for Saudi Arabia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.26 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.52 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 1.66 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.3163 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 10,922 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 1.66 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 1.19 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 40,958 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 3.93 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2241 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Saudi Arabia?
- Annual growth of the gross capital formation in Saudi Arabia was 3.9% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of the gross capital formation recorded in Saudi Arabia?
- The highest recorded value was 33.1% in 2006.
- What is the lowest annual growth of the gross capital formation recorded in Saudi Arabia?
- The lowest recorded value was -19.2% in 2020.
- How does Saudi Arabia rank for annual growth of the gross capital formation?
- Saudi Arabia ranks 71st out of 167 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Saudi Arabia?
- Over the last ten years it is down 56.6%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).