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.

• 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:

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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.

Private Consumption: % of GDP by Country Comparison

Saudi Arabia Key Series

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