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Saudi Arabia real GDPSaudi Arabia real GDPSaudi Arabia real GDP

Saudi Arabia real GDP

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Key data points


Last release
—
Observation period
Q2 2024
Next release
—
Forecast
—
Highest
‪1.93 T‬SAR on Dec 31, 2008
Lowest
‪484.43 B‬SAR on Dec 31, 1970

About Saudi Arabia real GDP


Category
GDP
Source
Central Department of Statistics and Information
Frequency
Quarterly
Units
SAR

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SAFYGDPG
Full Year GDP Growth
SAGDP
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GDP From Agriculture
SAGDPC
GDP From Construction
SAGDPMAN
GDP From Manufacturing
SAGDPMIN
GDP From Mining
SAGDPPC
GDP Per Capita
SAGDPPCP
GDP Per Capita PPP
SAGDPQQ
GDP Growth Rate
SAGDPT
GDP From Transport
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SAGDPYY
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Gross Fixed Capital Formation

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter Saudi Arabia real GDP was 847.769 B SAR, and the quarter before that it reached 867.813 B SAR.