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Economy of Saudi Arabia vs Slovakia compared: GDP & Debt

Updated on by Georank

Saudi Arabia has a GDP of $1.28T compared to $155B for Slovakia, ranking 19/197 and 60/197 by economy size, respectively.

Saudi Arabia has $405B in government debt (31.7% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Saudi Arabia vs Slovakia GDP by year

Saudi Arabia
Slovakia
1x
Year GDP, current $
Saudi Arabia Slovakia
2025 $1,276,942,933,333 $154,530,066,507
2024 $1,254,140,800,000 $140,934,076,532
2023 $1,218,584,800,000 $133,578,518,424
2022 $1,239,075,200,000 $115,792,972,358
2021 $982,661,066,667 $120,511,265,913
2020 $767,951,200,000 $107,732,602,896
2019 $888,890,133,333 $105,843,498,304
2018 $886,564,800,000 $106,611,673,365
2017 $741,266,133,333 $95,978,130,735
2016 $689,279,466,667 $90,347,173,229
2015 $693,414,400,000 $89,178,548,717
2014 $787,153,066,667 $101,713,075,599
2013 $769,755,733,333 $99,134,277,850
2012 $751,921,333,333 $94,724,394,278
2011 $680,660,800,000 $99,705,104,723
2010 $528,207,466,667 $91,112,160,801
2009 $429,097,866,667 $89,342,984,698
2008 $519,796,800,000 $96,685,492,864
2007 $415,964,509,673 $77,019,443,089
2006 $376,900,133,511 $57,111,148,619
2005 $328,459,608,764 $48,823,790,951
2004 $258,742,133,333 $42,960,730,480
2003 $215,807,733,333 $33,761,723,946
2002 $189,605,866,667 $24,768,142,566
2001 $184,137,600,000 $21,377,597,035
2000 $189,514,933,333 $20,626,538,612
1999 $161,717,066,667 $20,813,421,086
1998 $146,775,466,667 $22,911,708,405
1997 $165,963,684,913 $22,026,728,498
1996 $158,662,483,311 $21,864,845,214
1995 $143,343,124,166 $20,306,095,054
1994 $135,174,899,866 $16,187,735,322
1993 $132,967,957,276 $13,991,963,247
1992 $137,087,850,467 $12,932,972,789
1991 $132,223,230,975 $11,952,983,608
1990 $117,630,173,565 $17,068,924,602
1989 $95,344,459,279 -
1988 $88,256,074,766 -
1987 $85,695,861,148 -
1986 $86,961,922,765 -
1985 $103,897,846,494 -
1984 $119,624,858,116 -
1983 $129,171,635,311 -
1982 $153,240,313,858 -
1981 $184,291,360,139 -
1980 $164,539,660,725 -
1979 $111,858,444,786 -
1978 $80,266,516,687 -
1977 $74,188,986,586 -
1976 $64,005,665,722 -
1975 $46,773,208,643 -
1974 $45,412,957,746 -
1973 $14,947,435,499 -
1972 $9,664,267,087 -
1971 $7,184,806,909 -
1970 $5,377,333,333 -
1969 $4,485,777,644 -
1968 $4,187,777,711 -
1967 $3,257,022,223 -
1966 $2,920,555,557 -
1965 $2,647,955,558 -
1964 $2,371,808,713 -
1963 $2,207,393,172 -
1962 $2,130,606,532 -
1961 $1,920,811,284 -
1960 $1,748,124,064 -

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

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

GDP per capita in Saudi Arabia vs Slovakia by year

Saudi Arabia
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saudi Arabia Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $34,537 - $28,544 -
2024 $35,528 $71,375 $25,993 $48,132
2023 $36,157 $71,565 $24,615 $45,974
2022 $38,510 $71,968 $21,318 $41,562
2021 $31,921 $62,690 $22,123 $38,346
2020 $24,339 $47,518 $19,735 $35,328
2019 $29,567 $59,560 $19,406 $33,986
2018 $29,360 $59,378 $19,573 $31,510
2017 $23,929 $53,120 $17,646 $30,246
2016 $22,268 $49,937 $16,636 $29,868
2015 $23,256 $53,931 $16,442 $30,148
2014 $27,805 $62,578 $18,771 $29,108
2013 $27,865 $62,203 $18,313 $28,075
2012 $28,733 $65,034 $17,517 $27,023
2011 $27,127 $64,125 $18,469 $26,202
2010 $22,028 $58,829 $16,899 $25,382
2009 $17,718 $54,787 $16,587 $23,077
2008 $22,320 $57,236 $17,974 $23,714
2007 $18,596 $55,030 $14,330 $21,232
2006 $17,564 $54,639 $10,629 $18,906
2005 $15,976 $53,548 $9,087 $16,570
2004 $13,154 $51,225 $7,997 $15,166
2003 $11,487 $48,078 $6,283 $14,088
2002 $10,586 $45,466 $4,606 $13,292
2001 $10,805 $47,381 $3,974 $12,367
2000 $11,715 $48,644 $3,828 $11,370
1999 $10,452 $47,495 $3,857 $10,726
1998 $9,836 $48,867 $4,250 $10,666
1997 $11,545 $48,796 $4,092 $10,137
1996 $11,472 $48,569 $4,069 $9,500
1995 $10,786 $48,052 $3,787 $8,812
1994 $10,602 $48,904 $3,028 $8,178
1993 $10,885 $49,503 $2,627 $7,569
1992 $11,730 $50,355 $2,438 $7,270
1991 $11,847 $49,295 $2,254 $7,623
1990 $11,055 $46,214 $3,221 $8,638
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/slovakia | CC BY

Saudi Arabia's GDP per capita is $34,537, ranking 36/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Saudi Arabia ranks 24th at $71,375, while Slovakia ranks 49th at $48,132.

Economic indicators

Saudi Arabia Slovakia
Gross domestic product
$1.28T
2025
$155B
2025
GDP rank
19/197
2025
60/197
2025
GDP growth
4.5%
2024-2025
0.81%
2024-2025
GDP per capita
$34,537
2025
$28,544
2025
GDP per capita rank
36/197
2025
46/197
2025
GDP per capita, PPP
$71,375
2024
$48,132
2024
GDP per capita PPP rank
24/197
2024
49/197
2024
Government debt
$405B
2025
$95.3B
2025
Debt-to-GDP ratio
31.7%
2025
61.6%
2025
Government debt per person
$10,956
2025
$17,597
2025
Government debt per person rank
57/185
2025
36/185
2025
Average annual personal income after taxes
$22,010
2026
$17,518
2026
Market capitalization of domestic companies
$2.36T
2025
$5.38B
2014
Number of millionaires
348,000
2026
n/a
Number of billionaires
15
2026
2
2026
Income share by richest 10% n/a
18.8%
2023
Income share by poorest 10% n/a
3.3%
2023
Government expenditure, % of GDP
29%
2025
48.7%
2025
Consumer prices inflation
2.08%
2024-2025
4%
2024-2025
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
3.24%
2025
5.4%
2025
Population
37955120
5376239

Spending and national debt comparison by year

Saudi Arabia
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Saudi Arabia Slovakia
Government spending Government debt Government spending Government debt
2025 29% 31.7% 48.7% 61.6%
2024 29.2% 25.9% 47.5% 59.7%
2023 28.3% 23% 48.2% 55.8%
2022 25.3% 21.3% 43.1% 57.8%
2021 28.2% 25.5% 44.8% 60.2%
2020 37.4% 29.7% 44.5% 58.4%
2019 31.8% 20.3% 40.6% 48%
2018 32.4% 16.8% 39.7% 49.3%
2017 30.9% 15.9% 39.8% 51.4%
2016 33.3% 12.2% 40.9% 52.1%
2015 38.5% 5.47% 44.1% 51.6%
2014 38.6% 1.5% 42% 53.4%
2013 34.5% 2.08% 41.1% 54.6%
2012 32.5% 2.97% 40% 51.7%
2011 32.4% 5.31% 40.8% 43.3%
2010 33% 8.43% 41% 40.7%
2009 37.1% 14% 43.2% 36.4%
2008 26.7% 12.1% 36.5% 28.6%
2007 29.5% 17.1% 35.9% 30.4%
2006 27.3% 25.8% 38.2% 31.5%
2005 28.2% 37.3% 39.1% 35%
2004 31.1% 62.9% 38.4% 42%
2003 33.1% 81.6% 40% 43.6%
2002 35.9% 96.4% 46% 45.6%
2001 36.9% 93.1% 46.2% 51.4%
2000 33.1% 86.7% 53.2% 50.6%
1999 30.3% 103% 48.4% 47.1%
1998 34.5% 101.5% 46.2% 33.9%
1997 35.6% 76.7% 48.6% 32.8%
1996 33.3% 75.2% 52.8% 30.3%
1995 32.4% 74.2% 47.8% 21.3%
1994 33.8% 67.9% - -
1993 37.7% 58.6% - -
1992 41.2% 47.8% - -
1991 34.9% 39.4% - -
1990 39.3% - - -

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

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

In 2025, Saudi Arabia's government spending was $370B, accounting for 29% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 31.7% in Saudi Arabia and 61.6% in Slovakia, ranking 151/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Saudi Arabia

Slovakia
1x
Year Deficit/surplus, % of GDP
Saudi Arabia Slovakia
2025 -5.77% -5.02%
2024 -2.46% -5.5%
2023 -1.77% -5.3%
2022 2.24% -1.56%
2021 -1.99% -5.09%
2020 -10.2% -5.3%
2019 -3.96% -1.21%
2018 -5.21% -1.01%
2017 -8.57% -0.98%
2016 -13.2% -2.59%
2015 -14.9% -2.78%
2014 -3.4% -3.25%
2013 5.47% -2.86%
2012 11.7% -4.37%
2011 11.4% -4.36%
2010 4.39% -7.44%
2009 -5.38% -8.18%
2008 29.8% -2.54%
2007 11.8% -2.26%
2006 20.8% -3.57%
2005 18% -2.86%
2004 9.72% -2.36%
2003 1.2% -2.28%
2002 -5.91% -8.35%
2001 -3.91% -7.74%
2000 3.18% -12.7%
1999 -5.99% -7.25%
1998 -8.88% -5.37%
1997 -2.51% -6.24%
1996 -3.25% -9.72%
1995 -5.12% -3.43%
1994 -8.31% -
1993 -9.33% -
1992 -8.12% -
1991 -3.28% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

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

In 2025, Saudi Arabia's government deficit, the difference between spending and revenue, was $73.7B, equivalent to 5.77% of GDP. This compares to Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, Saudi Arabia recorded a fiscal deficit in 19 of those years, while Slovakia ran a deficit in 31 years. On average, Saudi Arabia posted an annual surplus equal to 0.56% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
Saudi Arabia

Slovakia
1x
Year Consumer prices inflation
Saudi Arabia Slovakia
2025 2.08% 4%
2024 1.69% 2.76%
2023 2.33% 10.5%
2022 2.47% 12.8%
2021 3.06% 3.15%
2020 3.37% 1.94%
2019 -1.19% 2.66%
2018 2.47% 2.51%
2017 -0.83% 1.31%
2016 2.05% -0.52%
2015 1.22% -0.33%
2014 2.24% -0.08%
2013 3.51% 1.4%
2012 2.87% 3.61%
2011 5.83% 3.92%
2010 5.34% 0.96%
2009 5.06% 1.62%
2008 9.87% 4.6%
2007 4.17% 2.76%
2006 2.21% 4.48%
2005 0.48% 2.71%
2004 0.52% 7.55%
2003 0.61% 8.55%
2002 0.25% 3.13%
2001 -1.12% 7.33%
2000 -1.12% 12%
1999 -1.33% 10.6%
1998 -0.37% 6.67%
1997 0.06% 6.14%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Saudi Arabia has recorded an average annual inflation rate of 1.99%, compared with 4.44% in Slovakia. In 2025, inflation was 2.08% in Saudi Arabia and 4% in Slovakia.

Top exports between countries

Saudi Arabia
Export category Export value
Chemicals & pharma $1.31M
Textiles & consumer goods $525K
Machinery & equipment $160K
Metals $64K
Processed food, beverages & tobacco $30K
Miscellaneous $2K
Raw agricultural goods $1K
Slovakia
Export category Export value
Machinery & equipment $314M
Weapons & explosives $16.4M
Wood & paper products $9.7M
IT & IP services $8.98M
Metals $8.55M
Chemicals & pharma $6.88M
Textiles & consumer goods $4.68M
Processed food, beverages & tobacco $3.11M
Raw materials & minerals $2.65M
Transport & tourism services $541K

Balance of trade

Saudi Arabia Slovakia
Current account balance
-$32.7B
2025
-$5.6B
2025
Current account balance ranking
185/190
2025
165/190
2025
Current account balance, % of GDP
-2.56%
2025
-3.63%
2025
Goods imports
$230B
2025
$117B
2025
Goods exports
$311B
2025
$117B
2025
Service imports
$129B
2025
$14.3B
2025
Service exports
$69.4B
2025
$14.7B
2025
Imports of goods and services, % of GDP
28.2%
2025
85.2%
2025
Exports of goods and services, % of GDP
29.7%
2025
85.1%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Saudi Arabia Slovakia
Economic freedom 65.4 67.7
Economic freedom ranking 65/197 54/197
Property rights 51.4 82.6
Government integrity 52.7 57.2
Judicial effectiveness 38.2 70.5
Tax burden 99.2 75.4
Government spending 77 36.4
Fiscal health 97.9 69.6
Business freedom 71.2 71.1
Labor freedom 41.8 55.1
Monetary freedom 81.2 69.7
Trade freedom 73.8 79.4
Investment freedom 50 75
Financial freedom 50 70

Economic freedom comparison by year

Saudi Arabia
Slovakia
1x
Year Economic freedom index
Saudi Arabia Slovakia
2026 65.4 67.7
2025 64.4 68.4
2024 61.9 68.1
2023 58.3 69
2022 55.5 69.7
2021 66 66.3
2020 62.4 66.8
2019 60.7 65
2018 59.6 65.3
2017 64.4 65.7
2016 62.1 66.6
2015 62.1 67.2
2014 62.2 66.4
2013 60.6 68.7
2012 62.5 67
2011 66.2 69.5
2010 64.1 69.7
2009 64.3 69.4
2008 62.5 70
2007 60.9 69.6
2006 63 69.8
2005 63 66.8
2004 60.4 64.6
2003 63.2 59
2002 65.3 59.8
2001 62.2 58.5
2000 66.5 53.8
1999 65.5 54.2
1998 69.3 57.5
1997 68.7 55.5
1996 68.3 57.6
1995 - 60.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Saudi Arabia is 65.4, ranking 65/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saudi Arabia Slovakia
Services, % of GDP
48.9%
2025
59.8%
2025
Industry, % of GDP
43%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
2.59%
2025
1.59%
2025
GNI, Atlas method
$1.33T
2025
$143B
2025
GNI per capita, PPP
$74,400
2025
$47,920
2025
Total reserves including gold
$505B
2025
$18.2B
2025
Total reserves ranking
8/177
2025
69/177
2025
Net foreign direct investment
-$5.6B
2025
-$198M
2025
Net inflows of foreign direct investment
$21.3B
2024
$5.01B
2024
Net outflows of foreign direct investment
$27.6B
2024
$2.24B
2024
Poverty at national poverty lines n/a
13.7%
2021
Gross capital formation, % of GDP
31.6%
2025
20.1%
2025

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/slovakia | 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 (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2025, 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.