In Saudi Arabia, the real oil gross domestic product growth (GDP) decreased in the first quarter of 2019 to reach one percent, and negative three percent in the second quarter. The decline was due to the lowered production following the OPEC+ agreement and the reduction in world oil prices. Also, the trade war decreased the global oil demand and increased the volatility of its price.
Quarterly real oil sector GDP growth in Saudi Arabia from the 1st quarter of 2016 to the 2nd quarter of 2019
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Real oil GDP growth
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KPMG. (December 1, 2019). Quarterly real oil sector GDP growth in Saudi Arabia from the 1st quarter of 2016 to the 2nd quarter of 2019 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1154455/saudi-arabia-real-oil-sector-gdp-growth/
KPMG. "Quarterly real oil sector GDP growth in Saudi Arabia from the 1st quarter of 2016 to the 2nd quarter of 2019." Chart. December 1, 2019. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1154455/saudi-arabia-real-oil-sector-gdp-growth/
KPMG. (2019). Quarterly real oil sector GDP growth in Saudi Arabia from the 1st quarter of 2016 to the 2nd quarter of 2019. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1154455/saudi-arabia-real-oil-sector-gdp-growth/
KPMG. "Quarterly Real Oil Sector Gdp Growth in Saudi Arabia from The 1st Quarter of 2016 to The 2nd Quarter of 2019." Statista, Statista Inc., 1 Dec 2019, https://www.statista.com/statistics/1154455/saudi-arabia-real-oil-sector-gdp-growth/
KPMG, Quarterly real oil sector GDP growth in Saudi Arabia from the 1st quarter of 2016 to the 2nd quarter of 2019 Statista, https://www.statista.com/statistics/1154455/saudi-arabia-real-oil-sector-gdp-growth/ (last visited July 22, 2024)
Quarterly real oil sector GDP growth in Saudi Arabia from the 1st quarter of 2016 to the 2nd quarter of 2019 [Graph], KPMG, December 1, 2019. [Online]. Available: https://www.statista.com/statistics/1154455/saudi-arabia-real-oil-sector-gdp-growth/
