Annual Saudi GDP declines by 4.1% in 2020

1 gross domestic product 2020 Customer Service: 920020081 General Authority for Statistics Website: National Accounts Statistics E-mail: Box 3735 Riyadh 11481 Kingdom of Saudi Arabia Annual Saudi GDP declines by in 2020 According to the estimates of the General Authority for Statistics, gross domestic product (GDP) of Saudi Arabia recorded a negative real growth rate of in 2020 compared to 2019. This negative growth resulted mainly from the contraction in oil sector by , in addition to a negative growth rate of recorded in the non-oil sector.

2 The private sector shrunk by , and the government sector showed also a negative growth rate of Real gross domestic product by Economic Activity, 2020 Economic growth was the highest in finance, insurance and business services with an increase of in 2020, followed by other mining and quarrying activities (+ ), and government services (+ ). However, petroleum refining activity recorded the largest decrease by , followed by crude oil & natural gas ( ), then the transport, storage and communication ( ). GDP Growth Rates ( Annual , %)Oil SectorNon-Oil RefiningCrude Petroleum & Natural GasTransport, Storage and CommunicationManufacturing excluding Petroleum RefiningWholesale & Retail Trade, Restaurants & HotelsCommunity, Social & Personal ServicesGDPE lectricity, Gas and WaterAgriculture, Forestry and FishingConstructionReal Estate ActivitiesGovernment ServicesOther Mining & QuarryingFinance, Insurance and Business ServicesGrowth Rate by Main Economic Activity, 2020( Annual , %)20192020 gross domestic product 2020 Customer Service.

3 920020081 General Authority for Statistics Website: National Accounts Statistics E-mail: Box 3735 Riyadh 11481 Kingdom of Saudi Arabia Size of Economy and Shares of Sectors and Activities at current prices, 2020 The Saudi GDP at current prices amounted to trillion SAR in 2020. The private sector accounted for of GDP, followed by the government sector with a share of , then the oil sector with a share of The contribution to GDP of individual economic activities showed that government services share of GDP increased from in 2019 to in 2020, while the crude petroleum & natural gas share of GDP decreased from in 2019 to ( ) in 2020.

4 Other important activities were wholesale & retail trade, restaurants & hotels ( ), and manufacturing excluding petroleum refining ( ). Mining & QuarryingElectricity, Gas and WaterCommunity, Social & Personal ServicesAgriculture, Forestry and FishingPetroleum RefiningFinance, Insurance and Business ServicesConstructionTransport, Storage and CommunicationReal Estate ActivitiesManufacturing excluding Petroleum RefiningWholesale & Retail Trade, Restaurants & HotelsCrude Petroleum & Natural GasGovernment ServicesContribution to GDP by Main Economic Activities, 2019 and 2020 (%)20202019 Oil of sectors in GDP, 2020 gross domestic product 2020 Customer Service.

5 920020081 General Authority for Statistics Website: National Accounts Statistics E-mail: Box 3735 Riyadh 11481 Kingdom of Saudi Arabia Real gross domestic product by Expenditure Components, 2020 The government final consumption expenditure was the only component showing positive growth rates by in 2020. Imports of goods & services recorded the largest decrease by , followed by a negative growth of gross fixed capital formation of Exports of goods & services also declined by , and the private final consumption expenditure by GDP per capita 2020 GDP per capita amounted to SAR 74,763 in 2020, decreasing by from the previous year 2019.

6 gross domestic product (GDP) gross domestic product (by production approach): The total output minus total intermediate consumption for all economic activities plus net taxes on products. gross domestic product (by expenditure approach): The total of final expenditures at purchasers price including Government and Private Final Consumption Expenditures, gross Capital Formation, and Net Exports (Exports minus Imports). Fixed Capital FormationExportsPrivate Final Consumption ExpenditureGovt. Final Consumption ExpenditureGrowth rate by expentiture componenets in 2020 ( Annual , %)78,98776,08379,17788,27186,89274,76365 ,00070,00075,00080,00085,00090,000201520 162017201820192020 gross domestic product Per Capita (SAR) gross domestic product 2020 Customer Service: 920020081 General Authority for Statistics Website: National Accounts Statistics E-mail.

7 Box 3735 Riyadh 11481 Kingdom of Saudi Arabia Y-o-Y Growth)%( RateMillion SAR Y-o-Y Growth)%( RateMillion , ,279 Agric ulture, Fores try & Fis , ,210 Mining & , ,742a) Crude Petroleum & Natural , ,468b) , ,403 Manufac , ,277a) Petroleum , ,126b) , ,641 Elec tric ity, Gas , and , ,750 Cons truc , ,579 Wholes ale & Retail Trade, Res taurants & , ,304 Trans port, S torage & Communic , ,725 Financ e, Ins uranc e, Real Es tate Ac tivities & Bus ines s S ervic , ,650a) Real es tate ac tivities , ,076b) , ,729 Community, S oc ial & Pers onal S ervic , ,282 Imputed Bank S ervic e ,141, ,027,339S ub - , ,089 Government S ervic ,514, ,603,428 Total Exc ept Import , ,014 Import ,531, ,625,442 Gros s Dom es tic Produc tAt Constant PricesAt Current PricesGD P a nd Grow t h Ra t es by Ec onomi c Ac t i vi t y yea r 2020 Economic ActivityI m p o r tsE x p o r tsG r o ss C a p i ta l F o r m a ti o nP r i va te F i n a l C o n su m p ti o n E x p e n d i tu r eG o ve r m m e n t F i n l C o n su m p ti o n E z p e n d i tu r eG D PP e r i o d742,4141,410,841678,896681,761488,0622, 517,1462011807,0231,497,824732.

8 522785,404551,1792,759,9062012862,1281,4 53,665741,133838,735628,5222,799,9272013 957,6861,329,530815,457909,857739,1562,8 36,3142014927,402817,539838,429988,80773 6,1392,453,5122015742,913753,225748,1081 ,035,457624,6322,418,5092016757,409899,9 75745,0091,063,644630,9782,582,198201778 5,9601,180,937710,1391,118,241726,1012,9 49,4572018821,0281,071,975855,6891,157,8 19709,1712,973,6262019636,926691,611692, 9331,128,712749,1122,625,4422020 GDP b y Ex p e nd iture at C urre nt Price s (Millio n SAR)Links: Methodology