New Zealand: GDP drops in Q2
GDP reading: The economy deteriorated in the second quarter, with GDP decreasing 0.2% on a seasonally adjusted quarter on quarter...
Fixed Investment in Saudi Arabia
Saudi Arabia's economy recorded average fixed investment growth of 3.4% in the decade to 2022, well above the 0.9% average for Middle East & North Africa. In 2022, fixed investment growth was 21.7%. For more investment information, visit our dedicated page.
Saudi Arabia Investment Chart
Note: This chart displays Investment (annual variation in %) for Saudi Arabia from 2014 to 2023.
Source: Macrobond.
Saudi Arabia Investment Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fixed Investment (ann. var. %) | 4.9 | -10.3 | 10.5 | 21.3 | 5.3 |
Economy records best reading since Q2 2023 in Q2
According to a preliminary reading, GDP declined at a milder rate of 0.4% year on year in the second quarter, above the 1.7% contraction recorded in the first quarter and marking the best result since Q2 2023. On a seasonally-adjusted quarter-on-quarter basis, economic growth was unchanged at 1.4% in Q2.
Oil output declined by 8.5% in Q2, slightly softer than Q1’s decline, with the energy sector still weighed on by ongoing OPEC+ production cuts. In contrast, the expansion in the non-oil sector sped up to 4.4% year on year.
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 investment projections for the next ten years from a panel of 7 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 investment forecast available for Saudi Arabian investment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Saudi Arabian investment projections.
Want to get access to the full dataset of Saudi Arabian investment forecasts? Send an email to info@focus-economics.com.
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