Gross Domestic Product — Value US$, annual growth rate in Saudi Arabia
Saudi Arabia: Gross Domestic Product — Value US$, annual growth rate was 1.55 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Saudi Arabia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Saudi Arabia recorded 1.55 % change on previous year for gross domestic product — value us$, annual growth rate in 2024.
That represents a change of up 142.1% on the previous year and down 8.0% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Saudi Arabia peaked at 203.82 % change on previous year in 1974 and was at its lowest, -17.45 % change on previous year, in 2009.
Saudi Arabia ranks 203rd of 236 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Saudi Arabia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 33.61 % change on previous year | — |
| 1972 | 34.51 % change on previous year | +2.7% |
| 1973 | 54.67 % change on previous year | +58.4% |
| 1974 | 203.82 % change on previous year | +272.8% |
| 1975 | 2.99 % change on previous year | -98.5% |
| 1976 | 36.84 % change on previous year | +1130.2% |
| 1977 | 15.91 % change on previous year | -56.8% |
| 1978 | 8.19 % change on previous year | -48.5% |
| 1979 | 39.36 % change on previous year | +380.5% |
| 1980 | 47.1 % change on previous year | +19.7% |
| 1981 | 12 % change on previous year | -74.5% |
| 1982 | -16.85 % change on previous year | -240.4% |
| 1983 | -15.7 % change on previous year | -6.8% |
| 1984 | -7.39 % change on previous year | -52.9% |
| 1985 | -13.15 % change on previous year | +77.9% |
| 1986 | -16.37 % change on previous year | +24.4% |
| 1987 | -1.5 % change on previous year | -90.8% |
| 1988 | 2.99 % change on previous year | -299.0% |
| 1989 | 8.03 % change on previous year | +168.8% |
| 1990 | 23.37 % change on previous year | +191.0% |
| 1991 | 12.41 % change on previous year | -46.9% |
| 1992 | 3.68 % change on previous year | -70.3% |
| 1993 | -3 % change on previous year | -181.7% |
| 1994 | 1.66 % change on previous year | -155.2% |
| 1995 | 6.04 % change on previous year | +264.1% |
| 1996 | 10.69 % change on previous year | +76.9% |
| 1997 | 4.6 % change on previous year | -56.9% |
| 1998 | -11.44 % change on previous year | -348.7% |
| 1999 | 10.18 % change on previous year | -189.0% |
| 2000 | 17.19 % change on previous year | +68.9% |
| 2001 | -2.84 % change on previous year | -116.5% |
| 2002 | 2.97 % change on previous year | -204.7% |
| 2003 | 13.82 % change on previous year | +365.4% |
| 2004 | 19.89 % change on previous year | +44.0% |
| 2005 | 26.85 % change on previous year | +34.9% |
| 2006 | 14.68 % change on previous year | -45.3% |
| 2007 | 10.44 % change on previous year | -28.9% |
| 2008 | 25.05 % change on previous year | +139.9% |
| 2009 | -17.45 % change on previous year | -169.7% |
| 2010 | 23.1 % change on previous year | -232.4% |
| 2011 | 28.1 % change on previous year | +21.7% |
| 2012 | 9.64 % change on previous year | -65.7% |
| 2013 | 1.62 % change on previous year | -83.2% |
| 2014 | 1.69 % change on previous year | +4.4% |
| 2015 | -12.67 % change on previous year | -849.6% |
| 2016 | -0.5204 % change on previous year | -95.9% |
| 2017 | 7.36 % change on previous year | -1513.6% |
| 2018 | 18.4 % change on previous year | +150.2% |
| 2019 | -0.9472 % change on previous year | -105.1% |
| 2020 | -12.44 % change on previous year | +1213.0% |
| 2021 | 19.05 % change on previous year | -253.2% |
| 2022 | 26.82 % change on previous year | +40.8% |
| 2023 | -3.7 % change on previous year | -113.8% |
| 2024 | 1.55 % change on previous year | -142.1% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Saudi Arabia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +1513.6% | -0.5204 % change on previous year | 7.36 % change on previous year |
| 2020 | -1213.0% | -0.9472 % change on previous year | -12.44 % change on previous year |
| 1976 | +1130.2% | 2.99 % change on previous year | 36.84 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 47.77 % change on previous year | 2.99 % change on previous year | 203.82 % change on previous year | 9 |
| 1980s | -0.0849 % change on previous year | -16.85 % change on previous year | 47.1 % change on previous year | 10 |
| 1990s | 5.82 % change on previous year | -11.44 % change on previous year | 23.37 % change on previous year | 10 |
| 2000s | 11.06 % change on previous year | -17.45 % change on previous year | 26.85 % change on previous year | 10 |
| 2010s | 7.58 % change on previous year | -12.67 % change on previous year | 28.1 % change on previous year | 10 |
| 2020s | 6.26 % change on previous year | -12.44 % change on previous year | 26.82 % change on previous year | 5 |
Countries ranked near Saudi Arabia
- 200 Indonesia 1.83 % change on previous year compare
- 201 Finland 1.66 % change on previous year compare
- 202 Republic of Korea 1.59 % change on previous year compare
- 204 Greenland 1.37 % change on previous year compare
- 205 USSR 1.11 % change on previous year compare
- 206 Mauritania 1.08 % change on previous year compare
More economy & growth data for Saudi Arabia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.26 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.52 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 27.03 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0212 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 731.09 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 32.63 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 52.91 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0256 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 882.47 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 8.9 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Saudi Arabia?
- Gross domestic product — value us$, annual growth rate in Saudi Arabia was 1.55 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Saudi Arabia?
- The highest recorded value was 203.82 % change on previous year in 1974.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Saudi Arabia?
- The lowest recorded value was -17.45 % change on previous year in 2009.
- How does Saudi Arabia rank for gross domestic product — value us$, annual growth rate?
- Saudi Arabia ranks 203rd out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Saudi Arabia?
- Over the last ten years it is down 8.0%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.