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

Published by
Amna Puri-Mirza,
Mar 23, 2021
In Saudi Arabia, the real oil gross domestic product growth (GDP) decreased in the first quarter of 2019 to reach one 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.

Quarterly real oil sector GDP growth in Saudi Arabia from the 1st quarter of 2016 to the 2nd quarter of 2019

© Statista 2025
Download
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Use Ask Statista Research Service

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.

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$1,299 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Public spending in France "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Public spending in France

State budget

5

Salary of politicians and civil servants

4

Research and development

5

Social expenditure

8

National debt of France

8

Further related statistics

10

Further Content: You might find this interesting as well

Statistics

Topics

Key economic indicators of IsraelStartups and venture capital in the Middle East and North AfricaCoronavirus (COVID-19) in the Middle East and North AfricaMobile internet usage in MENADemographics of Israel
All features, all contents, at all times: Learn more about our professional solutions.

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$1,299 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.