Overview
Discussions Key data points
Last release
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Observation period
Q3 2024
Next release
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Forecast
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Highest
5.70 % on Dec 31, 2010
Lowest
−4.90 % on Jun 30, 2020
About Saudi Arabia GDP Growth Rate
Saudi Arabia has an oil-based economy. Shipments of oil account for 87 percent of total exports and for 46 percent of GDP. In recent years, in order to diversify the economy, the government has been investing in telecommunications, petrochemicals, natural gas exploitation and power generation sectors.