GDP growth in Saudi Arabia
Saudi Arabia: GDP growth was 2 in 2024. ◆ Volatile
Latest (2024)
2
Change on year
up 268.0%
World rank
42nd
of 74 countries
All-time high
52.59
in 1970
All-time low
-16.11
in 1982
Years of data
64
1961–2024
GDP growth in Saudi Arabia, 1961–2024
Source: UNICEF.
Analysis
Saudi Arabia recorded 2 for gdp growth in 2024.
The figure is up 268.0% on the previous year and down 50.4% over ten years.
Over the whole period, gdp growth in Saudi Arabia peaked at 52.59 in 1970 and was at its lowest, -16.11, in 1982.
Saudi Arabia ranks 42nd of 74 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.
GDP growth in Saudi Arabia, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 11.88 | — |
| 1962 | 11.92 | +0.4% |
| 1963 | 8.7 | -27.1% |
| 1964 | 8.78 | +0.9% |
| 1965 | 12.14 | +38.3% |
| 1966 | 8.18 | -32.6% |
| 1967 | 8.91 | +8.9% |
| 1968 | 7.66 | -14.0% |
| 1969 | 6.04 | -21.2% |
| 1970 | 52.59 | +771.0% |
| 1971 | 15.23 | -71.0% |
| 1972 | 18.79 | +23.4% |
| 1973 | 22.5 | +19.7% |
| 1974 | 16.1 | -28.4% |
| 1975 | -5.49 | -134.1% |
| 1976 | 15.22 | -377.4% |
| 1977 | 5.89 | -61.3% |
| 1978 | 0.1724 | -97.1% |
| 1979 | 10.96 | +6260.5% |
| 1980 | 5.8 | -47.1% |
| 1981 | 2.98 | -48.6% |
| 1982 | -16.11 | -640.1% |
| 1983 | -10.99 | -31.8% |
| 1984 | -4.01 | -63.5% |
| 1985 | -7.21 | +80.0% |
| 1986 | 1.01 | -114.0% |
| 1987 | -3.13 | -410.8% |
| 1988 | 6.6 | -310.7% |
| 1989 | 0.4152 | -93.7% |
| 1990 | 9.43 | +2170.3% |
| 1991 | 8.22 | -12.8% |
| 1992 | 4.58 | -44.3% |
| 1993 | 0.3798 | -91.7% |
| 1994 | 0.953 | +150.9% |
| 1995 | 0.3117 | -67.3% |
| 1996 | 3.3 | +960.2% |
| 1997 | 2.65 | -19.9% |
| 1998 | 2.8 | +5.9% |
| 1999 | -0.6334 | -122.6% |
| 2000 | 4.72 | -844.9% |
| 2001 | 0.3446 | -92.7% |
| 2002 | -0.6884 | -299.8% |
| 2003 | 8.77 | -1373.8% |
| 2004 | 8.63 | -1.6% |
| 2005 | 5.94 | -31.1% |
| 2006 | 3.31 | -44.3% |
| 2007 | 2.21 | -33.2% |
| 2008 | 6.24 | +181.8% |
| 2009 | -1.07 | -117.1% |
| 2010 | 5.04 | -572.4% |
| 2011 | 11.76 | +133.3% |
| 2012 | 5.76 | -51.0% |
| 2013 | 2.95 | -48.9% |
| 2014 | 4.02 | +36.6% |
| 2015 | 4.66 | +15.7% |
| 2016 | 1.7 | -63.4% |
| 2017 | 1.18 | -30.6% |
| 2018 | 3.23 | +173.0% |
| 2019 | 1.65 | -48.8% |
| 2020 | -3.8 | -330.4% |
| 2021 | 6.52 | -271.4% |
| 2022 | 12 | +84.1% |
| 2023 | 0.5426 | -95.5% |
| 2024 | 2 | +268.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.36 | 6.04 | 12.14 | 9 |
| 1970s | 15.2 | -5.49 | 52.59 | 10 |
| 1980s | -2.47 | -16.11 | 6.6 | 10 |
| 1990s | 3.2 | -0.6334 | 9.43 | 10 |
| 2000s | 3.84 | -1.07 | 8.77 | 10 |
| 2010s | 4.2 | 1.18 | 11.76 | 10 |
| 2020s | 3.45 | -3.8 | 12 | 5 |
Countries ranked near Saudi Arabia
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)
- GDP (current US$), annual growth rate 1.82 % change on previous year (2025)
- GDP (current US$), per capita 34,536 current US$ per person (2025)
- GDP (current LCU), annual growth rate 1.82 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 3.75 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 129,512 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 4.5 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.7258 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 25,066 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gdp growth in Saudi Arabia?
- Gdp growth in Saudi Arabia was 2 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Saudi Arabia?
- The highest recorded value was 52.59 in 1970.
- What is the lowest gdp growth recorded in Saudi Arabia?
- The lowest recorded value was -16.11 in 1982.
- How does Saudi Arabia rank for gdp growth?
- Saudi Arabia ranks 42nd out of 74 countries with data for 2024.
- Is gdp growth rising or falling in Saudi Arabia?
- Over the last ten years it is down 50.4%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia data come from?
- The figures come from UNICEF, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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