Palm trees and buildings in Saudi Arabia

Saudi Arabia Industry

Saudi Arabia Industry

Industry in Saudi Arabia

The economy recorded average industrial output growth of 1.6% in the decade to 2022. In 2022, industrial output growth was 13.2%, up from the 1.1% reading of the prior year. For more industry information, visit our dedicated page.

Saudi Arabia Industry Chart

Note: This chart displays Industry (ann. var. %) for Saudi Arabia from 2013 to 2022.
Source: GEN. AUTHORITY FOR STAT., SAUDI ARABIA.

Saudi Arabia Industry Data

2018 2019 2020 2021 2022
Industry (ann. var. %) 0.4 -1.9 -5.9 1.1 13.2
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 industry projections for the next ten years from a panel of 5 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 industry forecast available for Saudi Arabian industry.

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

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

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