Palm trees and buildings in Saudi Arabia

Saudi Arabia Imports

Saudi Arabia Imports

Imports in Saudi Arabia

The Saudi Arabian economy recorded an average growth rate of 0.4% in the decade to 2022. In 2022, the growth rate was 11.7%. For more imports information, visit our dedicated page.

Saudi Arabia Imports Chart

Note: This chart displays Imports (G&S, ann. var. %) for Saudi Arabia from 2014 to 2024.
Source: Macrobond.

Saudi Arabia Imports Data

2020 2021 2022 2023 2024
Imports (G&S, ann. var. %) -19.9 8.6 12.2 9.7 3.3

Economy records slowest increase since Q2 2024 in Q1

GDP reading: According to a preliminary estimate from the General Authority for Statistics, annual GDP growth slowed to 2.7% in the first quarter, down from 4.4% in the fourth quarter of last year and marking the softest growth since Q2 2024. The print came in below market expectations. Conversely, on a seasonally adjusted quarter-on-quarter basis, economic growth improved to 0.9% in Q1, following the previous quarter's 0.8% increase and marking the fastest expansion in a year. The statistical office also revised past GDP data, citing a methodological change aimed at aligning more with international data quality standards.

Drivers: As has been the case since early 2023, annual GDP growth was driven by government activities and the non-oil private sector—despite the latter slowing from the prior quarter—which likely continued to be boosted by the government’s diversification agenda. In contrast, the oil sector shrank.

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Saudi Arabian imports projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable imports forecast available for Saudi Arabian imports.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Saudi Arabian imports projections.

Want to get access to the full dataset of Saudi Arabian imports forecasts? Send an email to info@focus-economics.com.

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