Saudi Arabia vs Sweden: Economic Indicators Comparison

Saudi Arabia with a GDP of $786.5B ranked the 18th largest economy in the world, while Sweden ranked 23rd with $556.1B. By GDP 5-years average growth and GDP per capita, Saudi Arabia and Sweden ranked 124th vs 98th and 41st vs 14th, respectively.

Gross Domestic Product & Income

StatSaudi ArabiaSweden
GDP$786.5B$556.1B
GDP growth, 1 year2.2%2.3%
GDP growth, 5-years average2.2%2.8%
Population33M10.3M
GDP per capita$23k$55k
GDP per capita growth0.61%0.97%
Purchasing Power Parity conversion factor1.588.92
Price level ratio of PPP conversion factor GDP to market exchange rate0.421.03
GDP per capita, PPP adjusted$56k$53k
GNI, Atlas method$727.8B$565.1B
GNI per capita$22k$55k
GNI, PPP adjusted$1.9T$550.2B
GNI per capita, PPP adjusted$56k$54k

Financial system and Human development

StatSaudi ArabiaSweden
Income Tax Rate2.5%57%
Corporate Tax Rate2.5%21.4%
Inflation, consumer prices2.5%2%
Inflation, GDP deflator11.5%2.3%
Unemployment5.9%6.4%
Economic Freedom Index62.474.9
Personal Freedom Index4.659.37
Human Freedom Index5.668.48
Property Rights Index64.688.8
Judical Effectiveness Index72.379.9
Business Freedom Index66.685.3
Fiscal Health Index19.397
Labor Freedom Index63.353.8
Investment Freedom Index4585
Financial Freedom Index5080
Trade Freedom Index75.486.4
Monetary Freedom Index8181.2
Government Spending Index61.825.8
Tax Burden Index99.843.6
Government Integrity Index49.691.4
Corruption Perceptions Index4985
Life expectancy at birth, years74.982.3
Suicide mortality rate, per 100,000 people3.214.8
Mortality caused by road traffic injury, per 100,000 people28.82.8
Intentional homicides, per 100,000 people1.31.1
International tourism, number of arrivals15.3M7.4M

Government debt & reserves

StatSaudi ArabiaSweden
Central government debt, % of GDP19.1%39%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI13.4%19.1%
Gross savings, % of GDP33.2%29.2%
Gross capital formation, % of GDP24.2%26.8%
Total reserves including gold$509.5B$60.6B
Foreign direct investment net inflows$4.2B$9B

Exports, imports and economic structure

StatSaudi ArabiaSweden
Exports of goods and services, % of GDP39.9%45.8%
Imports of goods and services, % of GDP26.7%43.3%
Current account balance (balance of payments)$70.6B$9.5B
Revenue excluding grants, % of GDP26.8%32.8%
Grants excluding technical cooperation, BoP$290kN/A
Personal remittances received$334.9M$3.1B
Industry including construction value added, % of GDP49.5%22.6%
Agriculture, forestry and fishing value added, % of GDP2.2%1.4%
Charges for the use of intellectual property, payments BoPN/A$4.9B
Charges for the use of intellectual property, receipts BoPN/A$7.4B
Expense, % of GDP28%31.1%
Government Expenditure, % of GDP35.7%49.7%

Compare with countries close by GDP per capita

Saudi Arabia vs

CountryGDP
per capita
Population
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M

Sweden vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k