Saudi Arabia GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

2.7

Units In

4.4

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
24.2 Dec 1973	-20.7 Dec 1982	3.43 %	1969-2025	Central Department Of Statistics & Information

Saudi Arabia is the world´s biggest producer of oil and oil extraction accounts for 46 percent of GDP. The services sector represents 36 percent of the wealth including government services (13 percent), wholesale and retail trade and restaurants and hotels (8 percent) and financing, insurance and real estate (7.9 percent). Other sectors are: manufacturing (10 percent), construction and electricity, gas and water distribution (6 percent) and agriculture, forestry and fishing (2 percent).

Latest Updates

Saudi Arabia’s economy expanded by 3.4% year-on-year in the first quarter of 2025, revised up from an initial estimate of 2.7%, but slowing from 4.4% growth in the previous period. This marks the softest expansion in three quarters, weighed down by a decline in oil activity (-0.5% vs +3.5% in Q4). Meanwhile, growth accelerated in non-oil activities (4.9% vs 4.8%) and government services (3.2% vs 1.7%). Among economic sectors, notable slowdowns in output growth were seen in manufacturing (4% vs 7%) and construction (3.2% vs. 4.1%), while production declined in mining and quarrying (-1.4% vs +0.7%). In contrast, agriculture, forestry, and fishing grew by 3.3% from 3% in the previous quarter. On a seasonally adjusted quarterly basis, GDP grew by 1.1%—the fastest pace since Q1 2024—picking up from a 0.9% expansion in Q4.