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Saudi Arabia GDP Annual Growth Rate

Saudi Arabia's GDP annual growth rate rose to 1.81% in 2024, up from 0.54% in 2023, according to World Bank. This represents an increase of 1.27% from the previous year. Saudi Arabia has GDP annual growth rate lower than the global median (1.81% vs median 3.24%). Compared with the median in Asia, Saudi Arabia is lower (1.81% vs regional median 3.76%) and ranks 35th out of 47 countries in Asia.

Saudi Arabia's real GDP rose to $879.58 billion in 2024, up from $863.96 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 1.81%
2023 0.54%
2022 12%
2021 6.52%
2020 -3.8%
2019 1.65%
2018 3.23%
2017 1.18%
2016 1.7%
2015 4.66%
2014 4.02%
2013 2.95%
2012 5.76%
2011 11.76%
2010 5.04%
2009 -1.07%
2008 6.24%
2007 2.21%
2006 3.31%
2005 5.94%
2004 8.63%
2003 8.77%
2002 -0.69%
2001 0.34%
2000 4.72%
1999 -0.63%
1998 2.8%
1997 2.65%
1996 3.3%
1995 0.31%
1994 0.95%
1993 0.38%
1992 4.58%
1991 8.22%
1990 9.43%
1989 0.42%
1988 6.6%
1987 -3.13%
1986 1.01%
1985 -7.21%
1984 -4.01%
1983 -10.99%
1982 -16.11%
1981 2.98%
1980 5.8%
1979 10.96%
1978 0.17%
1977 5.89%
1976 15.22%
1975 -5.49%
1974 16.1%
1973 22.5%
1972 18.79%
1971 15.23%
1970 52.59%
1969 6.04%
1968 7.66%
1967 8.91%
1966 8.18%
1965 12.14%
1964 8.78%
1963 8.7%
1962 11.92%
1961 11.88%
Saudi Arabia GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Saudi Arabia's total economic output.
Indicator Last Value Prior Value Period
GDP $1.24T $1.22T 2024
GDP Growth Rate (QoQ) 1.7% 1.1% Jun'25
GDP Growth Rate (YoY) 3.9% 3.4% Jun'25
GDP per Capita $24,917.19 $25,634.82 2024
GDP per Capita PPP $62,676.7 $64,481.84 2024
R&D Expenditure (% GDP) 0.56% 0.46% 2023
Real GDP $879.58B $863.96B 2024