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 2014 to 2023.
Source: Macrobond.
Saudi Arabia Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industry (ann. var. %) | -1.6 | -5.7 | 1.7 | 12.4 | -6.0 |
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 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 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.