Gas Production for Saudi Arabia
SAUNGDPMG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,574,644.55
Year-over-Year Change
34.77%
Date Range
1/1/2004 - 1/1/2025
Summary
The 'Gas Production for Saudi Arabia' trend measures the total natural gas production in Saudi Arabia. This metric is important for economists and policymakers to assess the country's energy sector and overall economic activity.
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
The 'Gas Production for Saudi Arabia' trend represents the total volume of natural gas produced in the Kingdom of Saudi Arabia. This data is used to analyze the supply and demand dynamics of the Saudi energy market, as well as the broader economic conditions and growth potential.
Methodology
The data is collected and reported by the U.S. Energy Information Administration (EIA) based on official government sources.
Historical Context
Natural gas production is a key indicator of Saudi Arabia's economic and industrial output, with implications for global energy markets.
Key Facts
- Saudi Arabia is the world's largest exporter of natural gas liquids.
- Natural gas accounts for over 50% of Saudi Arabia's domestic energy consumption.
- Saudi Arabia aims to increase natural gas production to reduce reliance on oil exports.
FAQs
Q: What does this economic trend measure?
A: The 'Gas Production for Saudi Arabia' trend measures the total volume of natural gas produced in the Kingdom of Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for assessing the supply and demand dynamics of the Saudi energy market, as well as the broader economic conditions and growth potential of the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Energy Information Administration (EIA) based on official government sources.
Q: How is this trend used in economic policy?
A: Natural gas production is a key indicator of Saudi Arabia's economic and industrial output, with implications for global energy markets and policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting of this data, and the figures may be subject to revisions based on updated information from the Saudi government.
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Citation
U.S. Energy Information Administration, Gas Production for Saudi Arabia (SAUNGDPMG), retrieved from FRED.