Saudi Arabia - Gross value added at factor cost (constant LCU)

The value for Gross value added at factor cost (constant LCU) in Saudi Arabia was 2,514,970,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 2,623,470,000,000 in 2019 and a minimum value of 480,254,000,000 in 1970.

Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1970 480,254,000,000
1971 578,526,000,000
1972 711,865,000,000
1973 885,406,000,000
1974 1,030,640,000,000
1975 938,107,000,000
1976 1,106,200,000,000
1977 1,183,680,000,000
1978 1,122,070,000,000
1979 1,257,040,000,000
1980 1,328,430,000,000
1981 1,354,940,000,000
1982 1,072,850,000,000
1983 899,263,000,000
1984 856,676,000,000
1985 772,257,000,000
1986 905,577,000,000
1987 844,776,000,000
1988 948,583,000,000
1989 946,204,000,000
1990 1,091,260,000,000
1991 1,257,660,000,000
1992 1,304,420,000,000
1993 1,286,520,000,000
1994 1,295,450,000,000
1995 1,299,680,000,000
1996 1,332,450,000,000
1997 1,347,220,000,000
1998 1,385,100,000,000
1999 1,332,940,000,000
2000 1,411,170,000,000
2001 1,396,460,000,000
2002 1,356,730,000,000
2003 1,509,850,000,000
2004 1,630,090,000,000
2005 1,720,490,000,000
2006 1,767,980,000,000
2007 1,800,180,000,000
2008 1,910,760,000,000
2009 1,872,720,000,000
2010 1,966,110,000,000
2011 2,162,230,000,000
2012 2,277,150,000,000
2013 2,339,510,000,000
2014 2,424,870,000,000
2015 2,524,110,000,000
2016 2,566,930,000,000
2017 2,549,820,000,000
2018 2,616,070,000,000
2019 2,623,470,000,000
2020 2,514,970,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts