Saudi Arabia Private Consumption: % of GDP

Key information about Saudi Arabia Private Consumption: % of GDP

• Saudi Arabia Private Consumption accounted for 42.8 % of its Nominal GDP in Sep 2024, compared with a ratio of 40.2 % in the previous quarter.
• Saudi Arabia Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 2003 to Sep 2024, with an average share of 34.5 %.
• The data reached an all-time high of 46.2 % in Mar 2016 and a record low of 23.6 % in Dec 2007.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. General Authority for Statistics provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Saudi Arabia Private Consumption: % of GDP

• In the latest reports, Saudi Arabia GDP contracted 3.7 % YoY in Dec 2023.
• Its Nominal GDP reached 267.9 USD bn in Mar 2023.
• Saudi Arabia GDP Per Capita reached 34,441.1 USD in Dec 2022.
• Its Gross Savings Rate was measured at 33.2 % in Sep 2024.

View Saudi Arabia's Private Consumption: % of GDP from Mar 2003 to Sep 2024 in the chart:

What was Saudi Arabia's Private Consumption: % of GDP in Sep 2024?

Saudi Arabia Private Consumption accounted for 42.8 % of its Nominal GDP in Sep 2024, compared with a ratio of 40.2 % in the previous quarter. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
42.8 Sep 2024	40.2 Jun 2024	23.6 Dec 2007	46.2 Mar 2016	%	quarterly	Mar 2003 - Sep 2024

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