Riyadh
Saudi Arabia’s gross domestic product (GDP) fell 3.8% year-on-year (YoY) in the fourth quarter of 2020, data issued by the General Authority for Statistics (GASTAT) showed.
On a quarterly basis, Saudi Arabia’s GDP grew by 2.8% in Q4 2020.
|
Real GDP and GDP Growth Rates, with Seasonal Adjustments * |
||
|
Period |
QoQ (With Seasonal Adjustments) |
YoY |
|
Q1 2018 |
+1.4% |
+1.4% |
|
Q2 |
+1.0% |
+1.6% |
|
Q3 |
+1.0% |
+2.4% |
|
Q4 |
+0.5% |
+4.3% |
|
Q1 2019 |
(0.9%) |
+1.7% |
|
Q2 |
+0.1% |
+0.5% |
|
Q3 |
(0.2%) |
(0.5%) |
|
Q4 |
+0.3% |
(0.3%) |
|
Q1 2020 |
(1.3%) |
(1.0%) |
|
Q2 |
(5.2%) |
(7.0%) |
|
Q3 |
+1.8% |
(4.6%) |
|
Q4 |
+2.8% |
(3.8%) |
* Updated data.
On an annual basis, real GDP recorded a decrease of 4.1%.
The following table shows GDP growth rates since 2010:
|
Annual Real GDP Growth Rates |
|
|
Year |
Growth Rate |
|
2010 |
+5.0% |
|
2011 |
+10.0% |
|
2012 |
+5.4% |
|
2013 |
+2.7% |
|
2014 |
+3.7% |
|
2015 |
+4.1% |
|
2016 |
+1.7% |
|
2017 |
(0.7%) |
|
2018 |
+2.4% |
|
2019 |
+0.3% |
|
2020 |
(4.1%) |
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