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Saudi Arabia’s gross domestic product (GDP) per capita reached its highest level in years at SAR 29,820 in Q2 2022, compared to SAR 20,620 a year earlier, data issued by the General Authority for Statistics (GASTAT) showed.

 

Saudi GDP at current prices increased by 43% year-on-year (YoY) to SAR 1.048 trillion in the second quarter of 2022. 

 

GDP is the final expenditure at buyers' prices, and includes government final consumption expenditure, private final consumption expenditure, gross capital formation, and net exports (exports minus imports).

 

National Accounts Indicators

Indicator

Q2 2021

Q2 2022*

Change

GDP (SAR bln)

609.05

683.09

+12%

GDP at Current Prices (SAR bln)

735.47

1048.07

+43%

GDP Per Capita (‘000 SAR)

20.62

29.82

+45%
*Preliminary data

 

The following table illustrates the GDP per capita since Q1 2019:

 

Saudi GDP Per Capita*

Period

GDP Per Capita (SAR)

Q1 2019

21,189

Q2

21,693

Q3

21,718

Q4

22,292

Q1 2020

19,981

Q2

16,115

Q3

18,972

Q4

19,695

Q1 2021

20,147

Q2

20,617

Q3

22,883

Q4

23,737

Q1 2022

26,961

Q2

29,819
*Data is regularly updated.
 
 

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