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Economy of Saudi Arabia vs Slovenia compared: GDP & Debt

Updated on by Georank team

Saudi Arabia has a GDP of $1.24T compared to $73B for Slovenia, ranking 18/197 and 86/197 by economy size, respectively.

Saudi Arabia has $324B in government debt (26.2% of GDP), compared to $48.6B (66.6% of GDP) in Slovenia.

Saudi Arabia vs Slovenia GDP by year

Saudi Arabia
Slovenia
1x
Year GDP, current $
Saudi Arabia Slovenia
2024 $1,239,804,533,333 $72,972,015,197
2023 $1,218,584,533,333 $69,255,264,238
2022 $1,239,075,200,000 $59,899,117,741
2021 $982,661,066,667 $61,540,813,362
2020 $767,951,200,000 $53,384,760,135
2019 $888,890,133,333 $53,909,922,736
2018 $886,564,800,000 $53,689,067,640
2017 $741,266,133,333 $48,153,200,135
2016 $689,279,466,667 $44,290,685,824
2015 $693,414,400,000 $42,709,468,275
2014 $787,153,066,667 $49,514,466,380
2013 $769,755,733,333 $47,867,056,859
2012 $751,921,333,333 $46,167,053,954
2011 $680,660,800,000 $51,199,194,599
2010 $528,207,466,667 $47,793,117,241
2009 $429,097,866,667 $49,975,540,955
2008 $519,796,800,000 $55,509,332,322
2007 $415,964,509,673 $47,880,266,543
2006 $376,900,133,511 $39,260,368,837
2005 $328,459,608,764 $35,947,936,824
2004 $258,742,133,333 $34,156,553,313
2003 $215,807,733,333 $29,360,575,032
2002 $189,605,866,667 $23,214,593,516
2001 $184,137,600,000 $20,668,868,707
2000 $189,514,933,333 $20,159,190,702
1999 $161,717,066,667 $22,609,669,084
1998 $146,775,466,667 $22,058,635,314
1997 $165,963,684,913 $20,726,878,752
1996 $158,662,483,311 $21,470,699,363
1995 $143,343,124,166 $21,367,422,159
1994 $135,174,899,866 $16,400,767,070
1993 $132,967,957,276 $14,449,298,372
1992 $137,087,850,467 $14,277,261,541
1991 $132,223,230,975 $14,454,495,059
1990 $117,630,173,565 $19,832,029,087
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Saudi Arabia vs Slovenia by year

Saudi Arabia
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saudi Arabia Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $35,122 $71,375 $34,301 $57,186
2023 $36,157 $71,565 $32,660 $56,064
2022 $38,510 $71,968 $28,360 $52,347
2021 $31,921 $62,690 $29,193 $45,914
2020 $24,339 $47,518 $25,392 $41,767
2019 $29,567 $59,560 $25,814 $42,373
2018 $29,360 $59,378 $25,888 $38,620
2017 $23,929 $53,120 $23,303 $36,180
2016 $22,268 $49,937 $21,448 $33,575
2015 $23,256 $53,931 $20,697 $31,336
2014 $27,805 $62,578 $24,013 $30,572
2013 $27,865 $62,203 $23,237 $29,634
2012 $28,733 $65,034 $22,442 $28,787
2011 $27,127 $64,125 $24,941 $28,716
2010 $22,028 $58,829 $23,330 $27,579
2009 $17,718 $54,787 $24,502 $27,229
2008 $22,320 $57,236 $27,462 $29,461
2007 $18,596 $55,030 $23,725 $27,468
2006 $17,564 $54,639 $19,563 $25,571
2005 $15,976 $53,548 $17,970 $23,682
2004 $13,154 $51,225 $17,104 $22,588
2003 $11,487 $48,078 $14,712 $20,916
2002 $10,586 $45,466 $11,639 $20,004
2001 $10,805 $47,381 $10,376 $18,763
2000 $11,715 $48,644 $10,136 $17,892
1999 $10,452 $47,495 $11,401 $17,007
1998 $9,836 $48,867 $11,132 $15,994
1997 $11,545 $48,796 $10,437 $15,257
1996 $11,472 $48,569 $10,797 $14,284
1995 $10,786 $48,052 $10,738 $13,637
1994 $10,602 $48,904 $8,244 $13,975
1993 $10,885 $49,503 $7,255 $12,976
1992 $11,730 $50,355 $7,151 $12,296
1991 $11,847 $49,295 $7,229 $12,698
1990 $11,055 $46,214 $9,925 $13,491
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 (1960–2024, retrieved 2026-04-06).

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

Saudi Arabia's GDP per capita is $35,122, ranking 33/197, compared to $34,301 in Slovenia, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Saudi Arabia ranks 24th at $71,375, while Slovenia ranks 37th at $57,186.

Economic indicators

Saudi Arabia Slovenia
Gross domestic product
$1.24T
2024
$73B
2024
GDP rank
18/197
2024
86/197
2024
GDP growth
2%
2023-2024
1.73%
2023-2024
GDP per capita
$35,122
2024
$34,301
2024
GDP per capita rank
33/197
2024
34/197
2024
GDP per capita, PPP
$71,375
2024
$57,186
2024
GDP per capita PPP rank
24/197
2024
37/197
2024
Government debt
$324B
2024
$48.6B
2024
Debt-to-GDP ratio
26.2%
2024
66.6%
2024
Government debt per person
$9,185
2024
$22,842
2024
Government debt per person rank
58/185
2024
29/185
2024
Average annual personal income after taxes
$23,076
2026
$22,215
2026
Market capitalization of domestic companies
$2.73T
2024
$11.4B
2024
Number of millionaires
351,855
2025
n/a
Number of billionaires
15
2025
n/a
Income share by richest 10% n/a
20.6%
2023
Income share by poorest 10% n/a
4.1%
2023
Government expenditure, % of GDP
29.6%
2024
46.5%
2024
Consumer prices inflation
1.69%
2023-2024
1.97%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
3.52%
2024
3.7%
2024
Population
36734925
2124138

Spending and national debt comparison by year

Saudi Arabia
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Saudi Arabia Slovenia
Government spending Government debt Government spending Government debt
2024 29.6% 26.2% 46.5% 66.6%
2023 28.3% 23% 46.4% 68.3%
2022 25.3% 21.3% 47.7% 72.8%
2021 28.2% 25.5% 49.9% 74.8%
2020 37.4% 29.7% 51.8% 80.2%
2019 31.8% 20.3% 43.8% 66%
2018 32.4% 16.8% 44.1% 71%
2017 30.9% 15.9% 44.6% 74.9%
2016 33.3% 12.2% 46.9% 79.4%
2015 38.5% 5.47% 49.5% 83.4%
2014 38.6% 1.5% 50.6% 81.1%
2013 34.5% 2.08% 57.7% 70.8%
2012 32.5% 2.97% 50% 54.1%
2011 32.4% 5.31% 51.4% 46.8%
2010 33% 8.43% 50.7% 38.6%
2009 37.1% 14% 50% 34.9%
2008 26.7% 12.1% 45.2% 21.9%
2007 29.5% 17.1% 43.5% 22.9%
2006 27.3% 25.8% 45.7% 26.2%
2005 28.2% 37.3% 46.7% 26.6%
2004 31.1% 62.9% 46.9% 27.1%
2003 33.1% 81.6% 47.6% 27%
2002 35.9% 96.4% 47.8% 27.7%
2001 36.9% 93.1% 49.2% 26.3%
2000 33.1% 86.7% 47.8% 26.1%
1999 30.3% 103% 47.2% 23.8%
1998 34.5% 101.5% 46.4% 22.8%
1997 35.6% 76.7% 45.4% 22.1%
1996 33.3% 75.2% 45.2% 21.6%
1995 32.4% 74.2% 53% 18.2%
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 (1990–2024, retrieved 2026-02-20).

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

In 2024, Saudi Arabia's government spending was $367B, accounting for 29.6% of its GDP, while Slovenia spent $33.9B, or 46.5% of GDP.

Debt-to-GDP ratio is 26.2% in Saudi Arabia and 66.6% in Slovenia, ranking 163/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Saudi Arabia

Slovenia
1x
Year Deficit/surplus, % of GDP
Saudi Arabia Slovenia
2024 -2.49% -0.93%
2023 -1.77% -2.59%
2022 2.24% -3.02%
2021 -1.99% -4.61%
2020 -10.2% -7.68%
2019 -3.96% 0.68%
2018 -5.21% 0.9%
2017 -8.57% 0.05%
2016 -13.2% -2%
2015 -14.9% -2.84%
2014 -3.4% -4.53%
2013 5.47% -11.2%
2012 11.7% -4.2%
2011 11.4% -6.69%
2010 4.39% -5.56%
2009 -5.38% -5.87%
2008 29.8% -1.44%
2007 11.8% -0.08%
2006 20.8% -1.26%
2005 18% -1.38%
2004 9.72% -1.98%
2003 1.2% -2.66%
2002 -5.91% -2.47%
2001 -3.91% -4.58%
2000 3.18% -3.77%
1999 -5.99% -3.04%
1998 -8.88% -2.39%
1997 -2.51% -2.37%
1996 -3.25% -1.16%
1995 -5.12% -8.19%
1994 -8.31% -
1993 -9.33% -
1992 -8.12% -
1991 -3.28% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

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

In 2024, Saudi Arabia's government deficit, the difference between spending and revenue, was $30.9B, equivalent to 2.49% of GDP. This compares to Slovenia's deficit of $681M, or 0.93% of GDP.

Over the past 30 years, Saudi Arabia recorded a fiscal deficit in 18 of those years, while Slovenia ran a deficit in 27 years. On average, Saudi Arabia posted an annual surplus equal to 0.77% of GDP, compared to deficit of 3.23% of GDP for Slovenia.

Inflation comparison by year

Inflation
Saudi Arabia

Slovenia
1x
Year Consumer prices inflation
Saudi Arabia Slovenia
2024 1.69% 1.97%
2023 2.33% 7.45%
2022 2.47% 8.83%
2021 3.06% 1.92%
2020 3.37% -0.05%
2019 -1.19% 1.63%
2018 2.47% 1.74%
2017 -0.83% 1.43%
2016 2.05% -0.05%
2015 1.22% -0.53%
2014 2.24% 0.2%
2013 3.51% 1.77%
2012 2.87% 2.6%
2011 5.83% 1.8%
2010 5.34% 1.8%
2009 5.06% 0.84%
2008 9.87% 5.65%
2007 4.17% 3.66%
2006 2.21% 2.46%
2005 0.48% 2.45%
2004 0.52% 3.59%
2003 0.61% 5.54%
2002 0.25% 7.48%
2001 -1.12% 8.38%
2000 -1.12% 8.91%
1999 -1.33% 6.16%
1998 -0.37% 7.89%
1997 0.06% 8.36%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Saudi Arabia has recorded an average annual inflation rate of 1.99%, compared with 3.71% in Slovenia. In 2024, inflation was 1.69% in Saudi Arabia and 1.97% in Slovenia.

Top exports between countries

Saudi Arabia
Export category Export value
Chemicals & pharma $14.2M
Raw materials & minerals $11.9M
Metals $507K
Machinery & equipment $405K
Textiles & consumer goods $216K
Raw agricultural goods $99K
Processed food, beverages & tobacco $58K
Miscellaneous $6K
Slovenia
Export category Export value
Chemicals & pharma $35.6M
Machinery & equipment $29.9M
Wood & paper products $29.2M
IT & IP services $11.3M
Processed food, beverages & tobacco $6.5M
Raw materials & minerals $6.34M
Textiles & consumer goods $5.02M
Metals $3.3M
Transport & tourism services $2.42M
Manufacturing & construction services $1.26M

Balance of trade

Saudi Arabia Slovenia
Current account balance
-$16.3B
2024
$3.32B
2024
Current account balance ranking
180/190
2024
37/190
2024
Current account balance, % of GDP
-1.31%
2024
+4.55%
2024
Goods imports
$214B
2024
$45.2B
2024
Goods exports
$306B
2024
$45.6B
2024
Service imports
$125B
2024
$9.52B
2024
Service exports
$62.8B
2024
$13.6B
2024
Imports of goods and services, % of GDP
25.6%
2024
74.7%
2024
Exports of goods and services, % of GDP
29.1%
2024
80.9%
2024

Economic freedom indices

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

Saudi Arabia Slovenia
Economic freedom 65.4 69.7
Economic freedom ranking 65/197 40/197
Property rights 51.4 87.6
Government integrity 52.7 66.1
Judicial effectiveness 38.2 91.6
Tax burden 99.2 55.5
Government spending 77 34.1
Fiscal health 97.9 83.5
Business freedom 71.2 78.7
Labor freedom 41.8 62.7
Monetary freedom 81.2 77.5
Trade freedom 73.8 79.4
Investment freedom 50 70
Financial freedom 50 50

Economic freedom comparison by year

Saudi Arabia
Slovenia
1x
Year Economic freedom index
Saudi Arabia Slovenia
2026 65.4 69.7
2025 64.4 68.3
2024 61.9 65.9
2023 58.3 68.5
2022 55.5 70.5
2021 66 68.3
2020 62.4 67.8
2019 60.7 65.5
2018 59.6 64.8
2017 64.4 59.2
2016 62.1 60.6
2015 62.1 60.3
2014 62.2 62.7
2013 60.6 61.7
2012 62.5 62.9
2011 66.2 64.6
2010 64.1 64.7
2009 64.3 62.9
2008 62.5 60.2
2007 60.9 59.6
2006 63 61.9
2005 63 59.6
2004 60.4 59.2
2003 63.2 57.7
2002 65.3 57.8
2001 62.2 61.8
2000 66.5 58.3
1999 65.5 61.3
1998 69.3 60.7
1997 68.7 55.6
1996 68.3 50.4

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Saudi Arabia is 65.4, ranking 65/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saudi Arabia Slovenia
Services, % of GDP
47.1%
2024
57.9%
2024
Industry, % of GDP
44.9%
2024
29.1%
2024
Agriculture, forestry, and fishing, % of GDP
2.54%
2024
1.54%
2024
GNI, Atlas method
$1.26T
2024
$67.6B
2024
GNI per capita, PPP
$71,730
2024
$56,520
2024
Total reserves including gold
$464B
2024
$2.83B
2024
Total reserves ranking
7/177
2024
118/177
2024
Net foreign direct investment
$6.27B
2024
-$405M
2024
Net inflows of foreign direct investment
$21.3B
2024
$1.87B
2024
Net outflows of foreign direct investment
$27.6B
2024
$1.46B
2024
Poverty at national poverty lines n/a
12.7%
2022
Gross capital formation, % of GDP
30.2%
2024
21.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.