Real Gross Domestic Product for Saudi Arabia
NGDPRSAXDCSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,189,973.00
Year-over-Year Change
8.19%
Date Range
1/1/2010 - 1/1/2025
Summary
This trend measures the real gross domestic product (GDP) of Saudi Arabia, which is a key indicator of the country's economic performance and growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real GDP for Saudi Arabia represents the total value of all goods and services produced within the country, adjusted for inflation. It is a widely-used metric for assessing the overall health and trajectory of the Saudi Arabian economy.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on official government statistics.
Historical Context
Real GDP is closely monitored by policymakers, investors, and analysts to gauge Saudi Arabia's economic policies and growth prospects.
Key Facts
- Saudi Arabia is the largest economy in the Middle East.
- The oil and gas sector accounts for a significant portion of Saudi GDP.
- Real GDP growth in Saudi Arabia has fluctuated in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Saudi Arabia, which represents the total value of all goods and services produced within the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a widely-used metric for assessing the overall health and trajectory of the Saudi Arabian economy, and is closely monitored by policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on official government statistics.
Q: How is this trend used in economic policy?
A: Real GDP is used by policymakers, investors, and analysts to gauge Saudi Arabia's economic policies and growth prospects.
Q: Are there update delays or limitations?
A: The data is published by the IMF on a regular basis, but there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product for Saudi Arabia (NGDPRSAXDCSAQ), retrieved from FRED.