According to the International Monetary Fund (IMF), real GDP of Saudi Arabia is forecast to grow by 4.8 percent in 2022 and 2.8 percent in 2023.
1) Real GDP growth rate: 2010 – 5.0 percent, 2011 – 10.0 percent, 2012 – 5.4 percent, 2013 – -2.7 percent, 2014 – 3.7 percent, 2015 – 4.1 percent, 2016 – 1.7 percent, 2017 – -0.7 percent, 2018 – 2.4 percent, 2019 – 0.3 percent, 2020 – -4.1 percent and 2021 – 2.8 percent.
Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
2) Projected real GDP growth rate: 2022 – 4.8 percent, 2023 – 2.8 percent, 2024 – 2.8 percent, 2025 – 2.8 percent and 2026 – 2.8 percent.
3) Nominal GDP in current prices, billions of Saudi riyal (code: SAR; sign: ﷼): 2010 – ﷼1,980.778 billion, 2011 – ﷼2,517.145 billion, 2012 – ﷼2,759.907 billion, 2013 – ﷼2,799.926 billion, 2014 – ﷼2,836.314 billion, 2015 – ﷼2,453.513 billion, 2016 – ﷼2,418.506 billion, 2017 – ﷼2,582.199 billion, 2018 – ﷼2,949.458 billion, 2019 – ﷼2,973.624 billion, 2020 – ﷼2,625.442 billion and 2021 – ﷼3,159.705 billion.
4) Projected nominal GDP in current prices, billions of Saudi riyal: 2022 – ﷼3,285.554 billion, 2023 – ﷼3,371.661 billion, 2024 – ﷼3,483.050 billion, 2025 – ﷼3,611.820 billion and 2026 – ﷼3,772.816 billion.
5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $528.207 billion, 2011 – $671.239 billion, 2012 – $735.975 billion, 2013 – $746.647 billion, 2014 – $756.350 billion, 2015 – $654.270 billion, 2016 – $644.935 billion, 2017 – $688.586 billion, 2018 – $786.522 billion, 2019 – $792.966 billion, 2020 – $700.118 billion and 2021 – $842.588 billion.
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
6) Projected nominal GDP in current prices, billions of U.S. dollars: 2022 – $876.148 billion, 2023 – $899.110 billion, 2024 – $928.813 billion, 2025 – $963.152 billion and 2026 – $1,006.084 billion.
7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $1,413.177 billion, 2011 – $1,586.748 billion, 2012 – $1,672.472 billion, 2013 – $1,680.158 billion, 2014 – $1,722.862 billion, 2015 – $1,541.833 billion, 2016 – $1,475.670 billion, 2017 – $1,565.892 billion, 2018 – $1,642.326 billion, 2019 – $1,677.246 billion, 2020 – $1,627.750 billion and 2021 – $1,734.234 billion.
GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.
GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.
8) Projected GDP PPP in current prices, billions of international dollars: 2022 – $1,868.018 billion, 2023 – $1,965.592 billion, 2024 – $2,066.926 billion, 2025 – $2,170.202 billion and 2026 – $2,277.359 billion.
9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $19,163.3, 2011 – $23,654.9, 2012 – $25,208.2, 2013 – $24,893.0, 2014 – $24,929.3, 2015 – $21,063.3, 2016 – $20,288.9, 2017 – $21,114.0, 2018 – $23,538.9, 2019 – $23,173.8, 2020 – $19,995.7 and 2021 – $23,762.4.
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
10) Projected nominal GDP per capita in current prices, U.S. dollars: 2022 – $24,224.4, 2023 – $24,371.8, 2024 – $24,683.3, 2025 – $25,094.0 and 2026 – $25,698.6.
11) GDP PPP per capita in current prices, international dollars: 2010 – $51,270.0, 2011 – $55,918.0, 2012 – $57,284.5, 2013 – $56,015.9, 2014 – $56,785.5, 2015 – $49,637.2, 2016 – $46,422.9, 2017 – $48,014.6, 2018 – $49,151.3, 2019 – $49,016.2, 2020 – $46,489.3 and 2021 – $48,908.4.
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.
12) Projected GDP PPP per capita in current prices, international dollars: 2022 – $51,648.3, 2023 – $53,280.5, 2024 – $54,928.8, 2025 – $56,542.5 and 2026 – $58,170.9.
13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 1.6 percent, 2011 – 1.7 percent, 2012 – 1.7 percent, 2013 – 1.6 percent, 2014 – 1.6 percent, 2015 – 1.4 percent, 2016 – 1.3 percent, 2017 – 1.3 percent, 2018 – 1.3 percent, 2019 – 1.2 percent, 2020 – 1.2 percent and 2021 – 1.2 percent.
Expressed in percent of world GDP in PPP dollars.
14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2022 – 1.2 percent, 2023 – 1.2 percent, 2024 – 1.2 percent, 2025 – 1.2 percent and 2026 – 1.2 percent.
15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 117.2 percent, 2011 – 115.5 percent, 2012 – 104.0 percent, 2013 – 98.8 percent, 2014 – 97.7 percent, 2015 – 83.1 percent, 2016 – 97.0 percent, 2017 – 107.6 percent, 2018 – 111.5 percent, 2019 – 100.5 percent, 2020 – 92.1 percent and 2021 – 117.0 percent.
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.
16) Projected deflator of Gross domestic product (index to the previous year), percent: 2022 – 99.2 percent, 2023 – 99.8 percent, 2024 – 100.5 percent, 2025 – 100.9 percent and 2026 – 101.6 percent.
17) Ratio of the average price level in Saudi Arabia to the average price level in the United States, percent: 2010 – 37.4 percent, 2011 – 42.3 percent, 2012 – 44.0 percent, 2013 – 44.4 percent, 2014 – 43.9 percent, 2015 – 42.4 percent, 2016 – 43.7 percent, 2017 – 44.0 percent, 2018 – 47.9 percent, 2019 – 47.3 percent, 2020 – 43.0 percent and 2021 – 48.6 percent.
18) Projected ratio of the average price level in Saudi Arabia to the average price level in the United States, percent: 2022 – 46.9 percent, 2023 – 45.7 percent, 2024 – 44.9 percent, 2025 – 44.4 percent and 2026 – 44.2 percent.
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Tags: English, GDP, GDP PPP, projected GDP, IMF
Source: BusinessForecast.by