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 2023.
Source: GEN. AUTHORITY FOR STAT., SAUDI ARABIA.

Saudi Arabia Imports Data

2018 2019 2020 2021 2022
Imports (G&S, ann. var. %) 2.6 9.5 -19.9 8.3 12.4

GDP shrinks again in Q4

According to a preliminary reading, GDP slid 3.7% year on year in the final quarter of 2023, above the 4.4% contraction seen in the third quarter. On a seasonally-adjusted quarter-on-quarter basis, economic activity bounced back 0.4% in Q4, contrasting the previous period's 3.2% decrease.

The oil activities sector shrank 16.4% year on year in Q4 (Q3: 17.0%), driving the downturn in GDP. This was the result of Saudi Arabia’s voluntary and OPEC+-mandated supply cuts. In contrast, the non-oil activities and government services sectors saw growth of 4.3% and 3.1% respectively in Q4.

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 8 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.

Latest Global GDP News

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest