The data displays the gross domestic product of Saudi Arabia from 2012 to 2016, with projections up until 2022. In 2016, Saudi Arabia's gross domestic product amounted to approx. 644.94 billion USD.
Saudi Arabia's oil and economy
The gross domestic product of Saudi Arabia is predicted to fall below previous values from 2015 on. This is likely due to falling crude oil prices in the region, which are almost half of what they were in 2014. As the country is home to the second biggest share of oil reserves in the world and among the countries with the biggest percentage of proved natural gas reserves the economy has become largely dependent on income from these resources and changing market prices directly affect the economy.
