Saudi Arabia vs Singapore: Economic Indicators Comparison
Saudi Arabia with a GDP of $786.5B ranked the 18th largest economy in the world, while Singapore ranked 36th with $364.2B. By GDP 5-years average growth and GDP per capita, Saudi Arabia and Singapore ranked 124th vs 76th and 41st vs 10th, respectively.
Gross Domestic Product & Income
| Stat |  Saudi Arabia |  Singapore |
|---|---|---|
| GDP | $786.5B | $364.2B |
| GDP growth, 1 year | 2.2% | 3.2% |
| GDP growth, 5-years average | 2.2% | 3.3% |
| Population | 33M | 5.9M |
| GDP per capita | $23k | $65k |
| GDP per capita growth | 0.61% | 2.66% |
| Purchasing Power Parity conversion factor | 1.58 | 0.86 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.42 | 0.64 |
| GDP per capita, PPP adjusted | $56k | $100k |
| GNI, Atlas method | $727.8B | $331.4B |
| GNI per capita | $22k | $59k |
| GNI, PPP adjusted | $1.9T | $533.8B |
| GNI per capita, PPP adjusted | $56k | $95k |
Financial system and Human development
| Stat | Saudi Arabia | Singapore |
|---|---|---|
| Income Tax Rate | 2.5% | 22% |
| Corporate Tax Rate | 2.5% | 17% |
| Inflation, consumer prices | 2.5% | 0.4% |
| Inflation, GDP deflator | 11.5% | 1.9% |
| Unemployment | 5.9% | 3.8% |
| Economic Freedom Index | 62.4 | 89.4 |
| Personal Freedom Index | 4.65 | 7.44 |
| Human Freedom Index | 5.66 | 8.1 |
| Property Rights Index | 64.6 | 96.8 |
| Judical Effectiveness Index | 72.3 | 92.9 |
| Business Freedom Index | 66.6 | 92.8 |
| Fiscal Health Index | 19.3 | 80 |
| Labor Freedom Index | 63.3 | 90.9 |
| Investment Freedom Index | 45 | 85 |
| Financial Freedom Index | 50 | 80 |
| Trade Freedom Index | 75.4 | 94.8 |
| Monetary Freedom Index | 81 | 85.6 |
| Government Spending Index | 61.8 | 91.1 |
| Tax Burden Index | 99.8 | 90.3 |
| Government Integrity Index | 49.6 | 92.4 |
| Corruption Perceptions Index | 49 | 85 |
| Life expectancy at birth, years | 74.9 | 82.9 |
| Suicide mortality rate, per 100,000 people | 3.2 | 9.9 |
| Mortality caused by road traffic injury, per 100,000 people | 28.8 | 2.8 |
| Intentional homicides, per 100,000 people | 1.3 | 0.2 |
| International tourism, number of arrivals | 15.3M | 14.7M |
Government debt & reserves
| Stat | Saudi Arabia | Singapore |
|---|---|---|
| Central government debt, % of GDP | 19.1% | 108.3% |
| External debt stocks, % of GNI | N/A | N/A |
| External debt stocks | N/A | N/A |
| Short-term debt, % of total reserves | N/A | N/A |
| Total debt service, % of exports and primary income | N/A | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 13.4% | 36.8% |
| Gross savings, % of GDP | 33.2% | 45.8% |
| Gross capital formation, % of GDP | 24.2% | 26.6% |
| Total reserves including gold | $509.5B | $292.7B |
| Foreign direct investment net inflows | $4.2B | $82B |
Exports, imports and economic structure
| Stat | Saudi Arabia | Singapore |
|---|---|---|
| Exports of goods and services, % of GDP | 39.9% | 176.4% |
| Imports of goods and services, % of GDP | 26.7% | 149.8% |
| Current account balance (balance of payments) | $70.6B | $65.1B |
| Revenue excluding grants, % of GDP | 26.8% | 18.8% |
| Grants excluding technical cooperation, BoP | $290k | $1.6M |
| Personal remittances received | $334.9M | N/A |
| Industry including construction value added, % of GDP | 49.5% | 25.2% |
| Agriculture, forestry and fishing value added, % of GDP | 2.2% | 0% |
| Charges for the use of intellectual property, payments BoP | N/A | $15.2B |
| Charges for the use of intellectual property, receipts BoP | N/A | $8.7B |
| Expense, % of GDP | 28% | 15.2% |
| Government Expenditure, % of GDP | 35.7% | 17.2% |
