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Saudi Arabia GDP Growth Rate YoY
Saudi Arabia is the world's largest producer of oil, with oil production accounting for 46% of the country's Gross Domestic Product (GDP). The services sector accounts for 36% of total wealth, which includes government services (13%), wholesale and retail commerce, restaurants and hotels (8%), and finance, insurance, and real estate (7.9%). Manufacturing (10%), building, power, gas, and water distribution (6%), and agriculture, forestry, and fishing (2%) are the other major industries.
A higher than expected figure should be seen as positive (bullish) for the SAR while a lower than expected figure should be seen as negative (bearish) for the SAR.
Category:
GDP Annual Growth Rate
Units:
Percent
Latest Release
Previous:
4.5%
Consensus:
2.7%
Actual:
3.4%
Next Release
Date:
Jul 31, 06:10
Time left:
21 days
Consensus:
2.2%
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