Gross Domestic Product in Current Prices for Saudi Arabia
SAUNGDPDUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,136,579,811,534.60
Year-over-Year Change
50.77%
Date Range
1/1/2000 - 1/1/2025
Summary
The Gross Domestic Product in Current Prices for Saudi Arabia measures the total value of all goods and services produced within the country, expressed in U.S. dollars. It is a key indicator of the overall size and health of the Saudi Arabian economy.
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
GDP in current prices represents the market value of all final goods and services produced in Saudi Arabia during a given period. It is a widely used metric for evaluating economic performance and informing policy decisions.
Methodology
The data is compiled by the Saudi Arabian Monetary Authority using domestic production and trade data.
Historical Context
Analysts and policymakers closely monitor Saudi GDP to assess the kingdom's economic and geopolitical influence.
Key Facts
- Saudi Arabia is the largest economy in the Middle East.
- GDP growth slowed to 2.4% in 2022 due to global economic headwinds.
- Oil exports account for over 60% of Saudi GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product in Current Prices for Saudi Arabia measures the total market value of all final goods and services produced within the country during a given period.
Q: Why is this trend relevant for users or analysts?
A: Saudi GDP is a key indicator of the overall size and performance of the Saudi Arabian economy, which is the largest in the Middle East and a major player in global energy and trade markets.
Q: How is this data collected or calculated?
A: The data is compiled by the Saudi Arabian Monetary Authority using domestic production and trade data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor Saudi GDP to assess the kingdom's economic and geopolitical influence, as well as to inform decisions around fiscal, monetary, and trade policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay of several months before being published.
Related Trends
Percentage of Foreign Bank Assets Among Total Bank Assets for Saudi Arabia
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Nominal Imports of Goods and Services for Saudi Arabia
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Life Insurance Premium Volume to GDP for Saudi Arabia
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Number of Listed Companies for Saudi Arabia
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Credit to Private Non-Financial Sector by Domestic Banks, Unadjusted for Breaks, for Saudi Arabia
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Overall Fiscal Balance for General Government for Saudi Arabia
SAUGGBGDPGDPPT
Citation
U.S. Federal Reserve, Gross Domestic Product in Current Prices for Saudi Arabia (SAUNGDPDUSD), retrieved from FRED.