Real oil sector GDP growth Saudi Arabia Q1 2016-Q2 2019

Published by
Amna Puri-Mirza
,
Jul 8, 2025
In Saudi Arabia, the real oil gross domestic product growth (GDP) decreased in the first quarter of 2019 to reach
***
percent, and negative three percent in the second quarter. The decline was due to the lowered production following the OPEC+ agreement and the reduction in world oil prices. Also, the trade war decreased the global oil demand and increased the volatility of its price.
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Quarterly real oil sector GDP growth in Saudi Arabia from the 1st quarter of 2016 to the 2nd quarter of 2019

CharacteristicReal oil GDP growth
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Showing entries 1 to 13 (14 entries in total)
Statistic: Quarterly real oil sector GDP growth in Saudi Arabia from the 1st quarter of 2016 to the 2nd quarter of 2019

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Release date

December 2019

Region

Saudi Arabia, MENA

Survey time period

Q1 2016 to Q2 2019

Supplementary notes

Note: 1 Saudi riyal is equal to 0.27 U.S. dollars or 0.22 euros as of August 2020.

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