Saudi Arabia: GDP growth (annual %)
In , Saudi Arabia's GDP growth (annual %) was 2.00.
That's up 268.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 3.07 . Saudi Arabia ranks #136 globally out of 193 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #12 of 19.
Source: World Bank Open Data (NY.GDP.MKTP.KD.ZG) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 12.00
- Trough
- -3.80
- 1-year change
- +268.0%
- 5-year change
- +20.9%
- +3.9% / yr
- 10-year change
- -50.4%
- -6.8% / yr
Historical Data — Last 10 Years
| Year | GDP growth (annual %) |
|---|---|
| 1.9965 | |
| 0.5426 | |
| 12.0006 | |
| 6.5196 | |
| -3.8048 | |
| 1.6516 | |
| 3.2270 | |
| 1.1821 | |
| 1.7040 | |
| 4.6551 |
About GDP growth (annual %)
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Indicator code: NY.GDP.MKTP.KD.ZG • Category: Economy
Frequently asked questions
- What was Saudi Arabia's GDP growth (annual %) in 2024?
- In 2024, Saudi Arabia's GDP growth (annual %) was 2.00, according to World Bank Open Data.
- Is Saudi Arabia's GDP growth (annual %) rising or falling?
- Saudi Arabia's GDP growth (annual %) rose 268.0% from 2023 to 2024.
- How does Saudi Arabia rank globally on GDP growth (annual %)?
- In 2024, Saudi Arabia ranked #136 out of 193 countries reporting GDP growth (annual %).
- How does Saudi Arabia's GDP growth (annual %) compare to the world average?
- The global average for GDP growth (annual %) in 2024 was 3.07, so Saudi Arabia is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #12 of 19.
- What is GDP growth (annual %) and how is it measured?
- Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Source: World Bank Open Data (NY.GDP.MKTP.KD.ZG), CC BY 4.0.