GDP (constant LCU), annual growth rate in Saudi Arabia
Saudi Arabia: GDP (constant LCU), annual growth rate was 1.81 % change on previous year in 2024. ◆ Volatile
GDP (constant LCU), annual growth rate in Saudi Arabia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp (constant lcu), annual growth rate in Saudi Arabia stood at 1.81 % change on previous year.
That represents a change of up 233.2% on the previous year and down 55.1% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in Saudi Arabia peaked at 22.49 % change on previous year in 1973 and was at its lowest, -16.11 % change on previous year, in 1982.
That places Saudi Arabia 151st out of 212 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU), annual growth rate in Saudi Arabia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 15.23 % change on previous year | — |
| 1972 | 18.79 % change on previous year | +23.4% |
| 1973 | 22.49 % change on previous year | +19.7% |
| 1974 | 16.1 % change on previous year | -28.4% |
| 1975 | -5.49 % change on previous year | -134.1% |
| 1976 | 15.22 % change on previous year | -377.4% |
| 1977 | 5.89 % change on previous year | -61.3% |
| 1978 | 0.1721 % change on previous year | -97.1% |
| 1979 | 10.96 % change on previous year | +6270.0% |
| 1980 | 5.8 % change on previous year | -47.1% |
| 1981 | 2.98 % change on previous year | -48.6% |
| 1982 | -16.11 % change on previous year | -640.1% |
| 1983 | -10.99 % change on previous year | -31.8% |
| 1984 | -4.01 % change on previous year | -63.5% |
| 1985 | -7.21 % change on previous year | +80.0% |
| 1986 | 1.01 % change on previous year | -114.0% |
| 1987 | -3.13 % change on previous year | -410.6% |
| 1988 | 6.6 % change on previous year | -310.6% |
| 1989 | 0.4158 % change on previous year | -93.7% |
| 1990 | 9.43 % change on previous year | +2166.8% |
| 1991 | 8.22 % change on previous year | -12.8% |
| 1992 | 4.58 % change on previous year | -44.3% |
| 1993 | 0.3798 % change on previous year | -91.7% |
| 1994 | 0.9528 % change on previous year | +150.9% |
| 1995 | 0.312 % change on previous year | -67.3% |
| 1996 | 3.3 % change on previous year | +959.1% |
| 1997 | 2.65 % change on previous year | -19.9% |
| 1998 | 2.8 % change on previous year | +5.9% |
| 1999 | -0.6335 % change on previous year | -122.6% |
| 2000 | 4.72 % change on previous year | -844.8% |
| 2001 | 0.3446 % change on previous year | -92.7% |
| 2002 | -0.6884 % change on previous year | -299.8% |
| 2003 | 8.77 % change on previous year | -1373.9% |
| 2004 | 8.63 % change on previous year | -1.6% |
| 2005 | 5.94 % change on previous year | -31.1% |
| 2006 | 3.31 % change on previous year | -44.3% |
| 2007 | 2.21 % change on previous year | -33.2% |
| 2008 | 6.24 % change on previous year | +181.8% |
| 2009 | -1.07 % change on previous year | -117.1% |
| 2010 | 5.04 % change on previous year | -572.4% |
| 2011 | 11.76 % change on previous year | +133.3% |
| 2012 | 5.76 % change on previous year | -51.0% |
| 2013 | 2.95 % change on previous year | -48.9% |
| 2014 | 4.02 % change on previous year | +36.6% |
| 2015 | 4.66 % change on previous year | +15.7% |
| 2016 | 1.7 % change on previous year | -63.4% |
| 2017 | 1.18 % change on previous year | -30.6% |
| 2018 | 3.23 % change on previous year | +173.0% |
| 2019 | 1.65 % change on previous year | -48.8% |
| 2020 | -3.8 % change on previous year | -330.4% |
| 2021 | 6.52 % change on previous year | -271.4% |
| 2022 | 12 % change on previous year | +84.1% |
| 2023 | 0.5426 % change on previous year | -95.5% |
| 2024 | 1.81 % change on previous year | +233.2% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 1.81 % change on previous year is below the median for high income countries, which is 2.27 % change on previous year, 80% of the median. (83 countries reporting)
- Saudi Arabia's 1.81 % change on previous year is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.27 % change on previous year, 80% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU), annual growth rate in Saudi Arabia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +6270.0% | 0.1721 % change on previous year | 10.96 % change on previous year |
| 1990 | +2166.8% | 0.4158 % change on previous year | 9.43 % change on previous year |
| 2003 | +1373.9% | -0.6884 % change on previous year | 8.77 % change on previous year |
| 1996 | +959.1% | 0.312 % change on previous year | 3.3 % change on previous year |
| 2000 | +844.8% | -0.6335 % change on previous year | 4.72 % change on previous year |
| 1982 | -640.1% | 2.98 % change on previous year | -16.11 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.04 % change on previous year | -5.49 % change on previous year | 22.49 % change on previous year | 9 |
| 1980s | -2.47 % change on previous year | -16.11 % change on previous year | 6.6 % change on previous year | 10 |
| 1990s | 3.2 % change on previous year | -0.6335 % change on previous year | 9.43 % change on previous year | 10 |
| 2000s | 3.84 % change on previous year | -1.07 % change on previous year | 8.77 % change on previous year | 10 |
| 2010s | 4.19 % change on previous year | 1.18 % change on previous year | 11.76 % change on previous year | 10 |
| 2020s | 3.41 % change on previous year | -3.8 % change on previous year | 12 % change on previous year | 5 |
Countries ranked near Saudi Arabia
- 148 Palau 1.88 % change on previous year compare
- 149 Mozambique 1.85 % change on previous year compare
- 150 Malawi 1.83 % change on previous year compare
- 152 Nauru 1.76 % change on previous year compare
- 153 Colombia 1.74 % change on previous year compare
- 154 American Samoa 1.74 % change on previous year compare
More population data for Saudi Arabia
- Population regions with projections, annual growth rate 0.6339 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate 0.5774 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.6339 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.1019 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 48,374 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 1.2 Percent per annum (2030)
- Projected population under age 5, annual growth rate 0.5868 % change on previous year (2100)
- World population growth 0.6% (2100)
- Population density 33.03 people per km² (2100)
- Number of children under 5, by world region 4.10 million people (2100)
Frequently asked questions
- What is gdp (constant lcu), annual growth rate in Saudi Arabia?
- Gdp (constant lcu), annual growth rate in Saudi Arabia was 1.81 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in Saudi Arabia?
- The highest recorded value was 22.49 % change on previous year in 1973.
- What is the lowest gdp (constant lcu), annual growth rate recorded in Saudi Arabia?
- The lowest recorded value was -16.11 % change on previous year in 1982.
- How does Saudi Arabia rank for gdp (constant lcu), annual growth rate?
- Saudi Arabia ranks 151st out of 212 countries with data for 2024.
- Is gdp (constant lcu), annual growth rate rising or falling in Saudi Arabia?
- Over the last ten years it is down 55.1%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.