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Saudi Arabia economy ranking: GDP & GDP per capita, debt

Updated on by Georank

Saudi Arabia ranked 19/197 by economy size with a GDP of $1.28T and 36/197 by GDP per capita at $34,537. Saudi Arabia has $405B in government debt, with a debt-to-GDP ratio of 31.7%.

In 2025, Saudi Arabia made up 1.08% of the world's economy, compared to 0.13% in 1960.

Saudi Arabia GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2025 $1,276,942,933,333 4.5%
2024 $1,254,140,800,000 2.65%
2023 $1,218,584,800,000 0.54%
2022 $1,239,075,200,000 12%
2021 $982,661,066,667 6.52%
2020 $767,951,200,000 -3.8%
2019 $888,890,133,333 1.65%
2018 $886,564,800,000 3.23%
2017 $741,266,133,333 1.18%
2016 $689,279,466,667 1.7%
2015 $693,414,400,000 4.66%
2014 $787,153,066,667 4.02%
2013 $769,755,733,333 2.95%
2012 $751,921,333,333 5.76%
2011 $680,660,800,000 11.8%
2010 $528,207,466,667 5.04%
2009 $429,097,866,667 -1.07%
2008 $519,796,800,000 6.24%
2007 $415,964,509,673 2.21%
2006 $376,900,133,511 3.31%
2005 $328,459,608,764 5.94%
2004 $258,742,133,333 8.63%
2003 $215,807,733,333 8.77%
2002 $189,605,866,667 -0.69%
2001 $184,137,600,000 0.34%
2000 $189,514,933,333 4.72%
1999 $161,717,066,667 -0.63%
1998 $146,775,466,667 2.8%
1997 $165,963,684,913 2.65%
1996 $158,662,483,311 3.3%
1995 $143,343,124,166 0.31%
1994 $135,174,899,866 0.95%
1993 $132,967,957,276 0.38%
1992 $137,087,850,467 4.58%
1991 $132,223,230,975 8.22%
1990 $117,630,173,565 9.43%
1989 $95,344,459,279 0.42%
1988 $88,256,074,766 6.6%
1987 $85,695,861,148 -3.13%
1986 $86,961,922,765 1.01%
1985 $103,897,846,494 -7.21%
1984 $119,624,858,116 -4.01%
1983 $129,171,635,311 -11%
1982 $153,240,313,858 -16.1%
1981 $184,291,360,139 2.98%
1980 $164,539,660,725 5.8%
1979 $111,858,444,786 11%
1978 $80,266,516,687 0.17%
1977 $74,188,986,586 5.89%
1976 $64,005,665,722 15.2%
1975 $46,773,208,643 -5.49%
1974 $45,412,957,746 16.1%
1973 $14,947,435,499 22.5%
1972 $9,664,267,087 18.8%
1971 $7,184,806,909 15.2%
1970 $5,377,333,333 52.6%
1969 $4,485,777,644 6.04%
1968 $4,187,777,711 7.66%
1967 $3,257,022,223 8.91%
1966 $2,920,555,557 8.18%
1965 $2,647,955,558 12.1%
1964 $2,371,808,713 8.78%
1963 $2,207,393,172 8.7%
1962 $2,130,606,532 11.9%
1961 $1,920,811,284 11.9%
1960 $1,748,124,064 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia | CC BY

Saudi Arabia GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2025 $34,537 -
2024 $35,528 $71,375
2023 $36,157 $71,565
2022 $38,510 $71,968
2021 $31,921 $62,690
2020 $24,339 $47,518
2019 $29,567 $59,560
2018 $29,360 $59,378
2017 $23,929 $53,120
2016 $22,268 $49,937
2015 $23,256 $53,931
2014 $27,805 $62,578
2013 $27,865 $62,203
2012 $28,733 $65,034
2011 $27,127 $64,125
2010 $22,028 $58,829
2009 $17,718 $54,787
2008 $22,320 $57,236
2007 $18,596 $55,030
2006 $17,564 $54,639
2005 $15,976 $53,548
2004 $13,154 $51,225
2003 $11,487 $48,078
2002 $10,586 $45,466
2001 $10,805 $47,381
2000 $11,715 $48,644
1999 $10,452 $47,495
1998 $9,836 $48,867
1997 $11,545 $48,796
1996 $11,472 $48,569
1995 $10,786 $48,052
1994 $10,602 $48,904
1993 $10,885 $49,503
1992 $11,730 $50,355
1991 $11,847 $49,295
1990 $11,055 $46,214
1989 $9,414 -
1988 $9,165 -
1987 $9,386 -
1986 $10,078 -
1985 $12,745 -
1984 $15,541 -
1983 $17,810 -
1982 $22,454 -
1981 $28,703 -
1980 $27,206 -
1979 $19,612 -
1978 $14,914 -
1977 $14,595 -
1976 $13,313 -
1975 $10,266 -
1974 $10,503 -
1973 $3,640 -
1972 $2,474 -
1971 $1,929 -
1970 $1,509 -
1969 $1,313 -
1968 $1,276 -
1967 $1,032 -
1966 $961 -
1965 $904 -
1964 $840 -
1963 $812 -
1962 $813 -
1961 $760 -
1960 $718 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia | CC BY

Saudi Arabia has a GDP per capita of $34,537, ranking 36/197, a GDP per capita based on purchasing power parity (PPP) of $71,375, ranking 24/197, and a median annual after tax income of $22,010, ranking 41/197.

Saudi Arabia GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2025 19 30 -
2024 18 31 20
2023 17 31 20
2022 17 29 16
2021 18 34 16
2020 18 39 28
2019 18 36 15
2018 18 36 11
2017 19 38 16
2016 20 38 19
2015 20 37 12
2014 19 35 11
2013 19 34 10
2012 19 32 9
2011 20 33 9
2010 20 40 10
2009 23 44 13
2008 20 42 11
2007 23 42 11
2006 22 40 9
2005 22 41 8
2004 24 42 8
2003 27 44 8
2002 26 44 7
2001 25 41 7
2000 24 38 7
1999 26 43 7
1998 29 42 5
1997 28 38 5
1996 31 37 5
1995 29 38 5
1994 27 36 5
1993 27 33 4
1992 26 31 4
1991 26 30 4
1990 30 31 4
1989 28 32 -
1988 29 31 -
1987 28 30 -
1986 23 25 -
1985 18 12 -
1984 16 8 -
1983 16 7 -
1982 15 5 -
1981 13 5 -
1980 14 5 -
1979 18 6 -
1978 19 7 -
1977 19 5 -
1976 19 5 -
1975 20 8 -
1974 20 6 -
1973 32 26 -
1972 33 30 -
1971 41 30 -
1970 45 31 -
1969 46 26 -
1968 45 24 -
1967 47 28 -
1966 47 28 -
1965 48 27 -
1964 48 26 -
1963 48 25 -
1962 45 25 -
1961 46 24 -
1960 48 23 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia | CC BY

Compared with 2000, in 2025 Saudi Arabia is ranked 19th out of 179 by GDP (up from 24th), 30th by GDP per capita (up from 38th), and 20th by GDP per capita PPP (down from 7th).

Economic indicators

Saudi Arabia Rank
Gross domestic product
$1.28T
2025
19/197
GDP growth
4.5%
2024-2025
58/194
GDP per capita
$34,537
2025
36/197
GDP per capita, PPP
$71,375
2024
24/197
Government debt
$405B
2025
26/185
Debt-to-GDP ratio
31.7%
2025
151/185
Government debt per person
$10,956
2025
57/185
Average annual personal income after taxes
$22,010
2026
41/197
Listed domestic companies
391
2025
22/103
Market capitalization of domestic companies
$2.36T
2025
11/100
Number of millionaires
348,000
2026
22/40
Millionaire frequency
1 in 74
2026
25/40
Number of billionaires
15
2026
28/74
Billionaire frequency
1 in 1,705,448
2026
40/74
Government expenditure, % of GDP
29%
2025
104/195
Consumer prices inflation
2.08%
2024-2025
130/195
Central bank interest rate
4.25%
2025
73/106
Unemployment rate
3.24%
2025
149/196
Population
37955120
43/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2025 29% 31.7% -5.77%
2024 29.2% 25.9% -2.46%
2023 28.3% 23% -1.77%
2022 25.3% 21.3% 2.24%
2021 28.2% 25.5% -1.99%
2020 37.4% 29.7% -10.2%
2019 31.8% 20.3% -3.96%
2018 32.4% 16.8% -5.21%
2017 30.9% 15.9% -8.57%
2016 33.3% 12.2% -13.2%
2015 38.5% 5.47% -14.9%
2014 38.6% 1.5% -3.4%
2013 34.5% 2.08% 5.47%
2012 32.5% 2.97% 11.7%
2011 32.4% 5.31% 11.4%
2010 33% 8.43% 4.39%
2009 37.1% 14% -5.38%
2008 26.7% 12.1% 29.8%
2007 29.5% 17.1% 11.8%
2006 27.3% 25.8% 20.8%
2005 28.2% 37.3% 18%
2004 31.1% 62.9% 9.72%
2003 33.1% 81.6% 1.2%
2002 35.9% 96.4% -5.91%
2001 36.9% 93.1% -3.91%
2000 33.1% 86.7% 3.18%
1999 30.3% 103% -5.99%
1998 34.5% 101.5% -8.88%
1997 35.6% 76.7% -2.51%
1996 33.3% 75.2% -3.25%
1995 32.4% 74.2% -5.12%
1994 33.8% 67.9% -8.31%
1993 37.7% 58.6% -9.33%
1992 41.2% 47.8% -8.12%
1991 34.9% 39.4% -3.28%
1990 39.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia | CC BY

This chart shows Saudi Arabia's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 35 years, Saudi Arabia recorded a fiscal deficit in 23 of them, with an average annual deficit equal to 0.34% of GDP. In 2025, government spending reached $370B (29% of GDP), with a deficit of 5.77%.

The national debt reached $405B, ranking 26th out of 185 countries by total size, with a debt-to-GDP ratio of 31.7%, ranking 151st.

Inflation rate by year

1x
Year Inflation
2025 2.08%
2024 1.69%
2023 2.33%
2022 2.47%
2021 3.06%
2020 3.37%
2019 -1.19%
2018 2.47%
2017 -0.83%
2016 2.05%
2015 1.22%
2014 2.24%
2013 3.51%
2012 2.87%
2011 5.83%
2010 5.34%
2009 5.06%
2008 9.87%
2007 4.17%
2006 2.21%
2005 0.48%
2004 0.52%
2003 0.61%
2002 0.25%
2001 -1.12%
2000 -1.12%
1999 -1.33%
1998 -0.37%
1997 0.06%
1996 1.22%
1995 4.87%
1994 0.56%
1993 1.06%
1992 -0.08%
1991 4.86%
1990 2.08%
1989 1.03%
1988 0.91%
1987 -1.55%
1986 -3.2%
1985 -3.06%
1984 -1.56%
1983 0.19%
1982 1.02%
1981 2.8%
1980 4.17%
1979 1.08%
1978 -1.58%
1977 11.4%
1976 31.6%
1975 34.6%
1974 21.4%
1973 16.5%
1972 4.33%
1971 4.47%
1970 0.18%
1969 3.5%
1968 1.59%
1967 2.1%
1966 1.55%
1965 0.39%
1964 2.8%

Data sources: World Bank | Economy & Growth (1964–2025, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia | CC BY

Over the past 20 years, Saudi Arabia has had an average annual inflation rate of 2.99%. In 2025, inflation was 2.08%. The bar chart above shows consumer price inflation by year.

Balance of trade

Saudi Arabia Rank
Current account balance
-$32.7B
2025
185/190
Current account balance, % of GDP
-2.56%
2025
105/190
Goods imports
$230B
2025
26/189
Goods exports
$311B
2025
25/189
Service imports
$129B
2025
18/189
Service exports
$69.4B
2025
27/189
Imports of goods and services, % of GDP
28.2%
2025
140/182
Exports of goods and services, % of GDP
29.7%
2025
115/193

Saudi Arabia top 10 trading partners

Saudi Arabia's biggest trading partner accounting for 22.1% of all exports and imports is China, with a trade balance between the two of -$61.7B: Saudi Arabia exports $7.32B worth of goods and services to China and imports $69B.

Below is the list of the top 10 trade partners of Saudi Arabia.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 China $76.3B 22.1% $7.32B $69B Chemicals & pharma Machinery & equipment
2 UAE $42.9B 12.4% $28.5B $14.4B Machinery & equipment Precious metals & jewellery
3 United States $23.5B 6.79% $2.49B $21B Raw materials & minerals Machinery & equipment
4 India $20.9B 6.05% $8.81B $12.1B Raw materials & minerals Machinery & equipment
5 Germany $11.7B 3.38% $529M $11.2B Machinery & equipment Machinery & equipment
6 Japan $10.9B 3.15% $689M $10.2B Raw materials & minerals Machinery & equipment
7 Egypt $9.43B 2.73% $2.84B $6.6B Raw materials & minerals Raw materials & minerals
8 Italy $9.07B 2.62% $907M $8.17B Raw materials & minerals Machinery & equipment
9 Switzerland $8.01B 2.32% $1.34B $6.67B Precious metals & jewellery Precious metals & jewellery
10 France $7.99B 2.31% $983M $7B Raw materials & minerals Machinery & equipment

Top 10 exports

Saudi Arabia Rank
Raw materials & minerals $225B 3/193
Transport & tourism services $47.8B 20/191
Machinery & equipment $33.4B 34/193
Chemicals & pharma $30.7B 22/193
Metals $6.7B 43/192
Precious metals & jewellery $5.14B 32/190
Processed food, beverages & tobacco $3.43B 52/192
Government & miscellaneous services $2.38B 10/187
Business & finance services $2.36B 65/189
Animal & marine products $2.27B 40/192

Top 10 imports

Saudi Arabia Rank
Machinery & equipment $114B 26/193
Transport & tourism services $55.9B 16/191
Chemicals & pharma $25.4B 30/193
Business & finance services $23.5B 25/189
Metals $22.6B 19/193
Raw materials & minerals $17.3B 36/193
Textiles & consumer goods $15.1B 28/193
Precious metals & jewellery $13B 17/193
Processed food, beverages & tobacco $12.4B 21/193
Manufacturing & construction services $11.6B 7/170

Economic freedom indices

Saudi Arabia Rank
Economic freedom 65.4 65/197
Property rights 51.4 86/182
Government integrity 52.7 59/182
Judicial effectiveness 38.2 108/182
Tax burden 99.2 5/182
Government spending 77 77/180
Fiscal health 97.9 11/181
Business freedom 71.2 64/182
Labor freedom 41.8 167/182
Monetary freedom 81.2 8/180
Trade freedom 73.8 80/181
Investment freedom 50 123/181
Financial freedom 50 96/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 65.4 38.2 99.2 77 97.9
2025 64.4 38.1 99.3 71.6 98.1
2024 61.9 37 99.1 67.2 79.5
2023 58.3 49.6 99.4 60.3 41.3
2022 55.5 35.8 99.3 57.3 17.9
2021 66 76.7 99.1 62.9 31
2020 62.4 72.3 99.8 61.8 19.3
2019 60.7 62.7 99.8 57.5 19.4
2018 59.6 60.2 99.7 52 19.7
2017 64.4 65 99.7 54.5 65.7
2016 62.1 - 99.7 56.8 -
2015 62.1 - 99.7 61.9 -
2014 62.2 - 99.7 63.1 -
2013 60.6 - 99.6 52.2 -
2012 62.5 - 99.6 37.3 -
2011 66.2 - 99.4 74.6 -
2010 64.1 - 99.6 68.1 -
2009 64.3 - 99.6 73.4 -
2008 62.5 - 99.7 69.1 -
2007 60.9 - 99.4 66.7 -
2006 63 - 99.4 69.3 -
2005 63 - 99.4 67.3 -
2004 60.4 - 99.4 58.5 -
2003 63.2 - 99.4 66.7 -
2002 65.3 - 99.4 71.2 -
2001 62.2 - 99.4 65.3 -
2000 66.5 - 99.4 82.7 -
1999 65.5 - 99.4 56.9 -
1998 69.3 - 99.4 59.2 -
1997 68.7 - 99.4 56.7 -
1996 68.3 - 99.4 46.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia | CC BY

Saudi Arabia is ranked 59/174 for economic freedom with a score of 65.4, compared to 57/162 and a score of 63 in 2006.

Other economic metrics

Saudi Arabia Rank
Services, % of GDP
48.9%
2025
140/191
Industry, % of GDP
43%
2025
11/194
Agriculture, forestry, and fishing, % of GDP
2.59%
2025
140/193
GNI, Atlas method
$1.33T
2025
18/194
GNI per capita, PPP
$74,400
2025
20/191
Total reserves including gold
$505B
2025
8/177
Net foreign direct investment
-$5.6B
2025
167/189
Net inflows of foreign direct investment
$21.3B
2024
19/193
Net outflows of foreign direct investment
$27.6B
2024
17/193
Gross capital formation, % of GDP
31.6%
2025
24/179

Compare Saudi Arabia vs other countries

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/saudi-arabia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2024–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.