Key data points
Last release
—
Observation period
Q4 2023
Next release
—
Forecast
—
Highest
1.93 TSAR on Dec 31, 2008
Lowest
484.43 BSAR on Dec 31, 1970
About Saudi Arabia real GDP
Related indicators
Frequently Asked Questions
Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter Saudi Arabia real GDP was 891.377 B SAR, and the quarter before that it reached 843.676 B SAR.