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Economy of Saudi Arabia vs Togo compared: GDP & Debt

Updated on by Georank team

Saudi Arabia has a GDP of $1.24T compared to $10.7B for Togo, ranking 18/197 and 154/197 by economy size, respectively.

Saudi Arabia has $324B in government debt (26.2% of GDP), compared to $7.68B (72.1% of GDP) in Togo.

Saudi Arabia vs Togo GDP by year

Saudi Arabia
Togo
1x
Year GDP, current $
Saudi Arabia Togo
2024 $1,239,804,533,333 $10,651,180,147
2023 $1,218,584,533,333 $9,816,236,303
2022 $1,239,075,200,000 $8,646,453,099
2021 $982,661,066,667 $8,541,668,141
2020 $767,951,200,000 $7,486,031,562
2019 $888,890,133,333 $6,992,654,019
2018 $886,564,800,000 $7,029,215,766
2017 $741,266,133,333 $6,387,424,240
2016 $689,279,466,667 $6,071,167,584
2015 $693,414,400,000 $5,755,457,836
2014 $787,153,066,667 $6,393,314,708
2013 $769,755,733,333 $6,021,729,630
2012 $751,921,333,333 $5,413,541,649
2011 $680,660,800,000 $5,422,439,152
2010 $528,207,466,667 $4,746,386,893
2009 $429,097,866,667 $4,721,888,275
2008 $519,796,800,000 $4,578,847,113
2007 $415,964,509,673 $3,759,962,853
2006 $376,900,133,511 $3,320,907,722
2005 $328,459,608,764 $3,221,910,408
2004 $258,742,133,333 $3,191,561,509
2003 $215,807,733,333 $2,987,984,051
2002 $189,605,866,667 $2,410,199,032
2001 $184,137,600,000 $2,093,498,674
2000 $189,514,933,333 $2,106,848,752
1999 $161,717,066,667 $2,226,577,204
1998 $146,775,466,667 $2,241,650,112
1997 $165,963,684,913 $2,116,818,623
1996 $158,662,483,311 $2,069,506,014
1995 $143,343,124,166 $1,849,110,468
1994 $135,174,899,866 $1,387,662,121
1993 $132,967,957,276 $1,741,944,426
1992 $137,087,850,467 $2,390,796,916
1991 $132,223,230,975 $2,262,767,860
1990 $117,630,173,565 $2,299,665,506
1989 $95,344,459,279 $1,910,635,575
1988 $88,256,074,766 $1,947,208,354
1987 $85,695,861,148 $1,763,978,066
1986 $86,961,922,765 $1,498,219,579
1985 $103,897,846,494 $1,076,604,520
1984 $119,624,858,116 $1,014,170,069
1983 $129,171,635,311 $1,081,387,265
1982 $153,240,313,858 $1,160,337,039
1981 $184,291,360,139 $1,359,026,709
1980 $164,539,660,725 $1,604,836,916
1979 $111,858,444,786 $1,259,365,712
1978 $80,266,516,687 $1,164,025,637
1977 $74,188,986,586 $1,097,893,826
1976 $64,005,665,722 $874,681,612
1975 $46,773,208,643 $871,781,687
1974 $45,412,957,746 $791,450,308
1973 $14,947,435,499 $574,030,984
1972 $9,664,267,087 $474,043,922
1971 $7,184,806,909 $404,648,368
1970 $5,377,333,333 $358,665,754
1969 $4,485,777,644 $378,091,810
1968 $4,187,777,711 $341,691,567
1967 $3,257,022,223 $327,215,844
1966 $2,920,555,557 $305,227,595
1965 $2,647,955,558 $264,505,506
1964 $2,371,808,713 $234,572,186
1963 $2,207,393,172 $202,305,865
1962 $2,130,606,532 $186,745,758
1961 $1,920,811,284 $178,497,098
1960 $1,748,124,064 $171,057,069

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Saudi Arabia vs Togo by year

Saudi Arabia
GDP per capita

GDP per capita, PPP
Togo
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saudi Arabia Togo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $35,122 $71,375 $1,119 $3,365
2023 $36,157 $71,565 $1,055 $3,154
2022 $38,510 $71,968 $951 $2,935
2021 $31,921 $62,690 $962 $2,639
2020 $24,339 $47,518 $863 $2,384
2019 $29,567 $59,560 $826 $2,215
2018 $29,360 $59,378 $851 $2,067
2017 $23,929 $53,120 $793 $1,986
2016 $22,268 $49,937 $773 $1,933
2015 $23,256 $53,931 $751 $1,880
2014 $27,805 $62,578 $856 $1,803
2013 $27,865 $62,203 $827 $1,715
2012 $28,733 $65,034 $762 $1,645
2011 $27,127 $64,125 $784 $1,616
2010 $22,028 $58,829 $705 $1,537
2009 $17,718 $54,787 $721 $1,474
2008 $22,320 $57,236 $719 $1,429
2007 $18,596 $55,030 $608 $1,387
2006 $17,564 $54,639 $553 $1,407
2005 $15,976 $53,548 $551 $1,368
2004 $13,154 $51,225 $560 $1,427
2003 $11,487 $48,078 $538 $1,440
2002 $10,586 $45,466 $445 $1,357
2001 $10,805 $47,381 $397 $1,320
2000 $11,715 $48,644 $410 $1,315
1999 $10,452 $47,495 $445 $1,332
1998 $9,836 $48,867 $461 $1,318
1997 $11,545 $48,796 $448 $1,373
1996 $11,472 $48,569 $452 $1,218
1995 $10,786 $48,052 $419 $1,140
1994 $10,602 $48,904 $329 $1,082
1993 $10,885 $49,503 $414 $925
1992 $11,730 $50,355 $565 $1,057
1991 $11,847 $49,295 $550 $1,107
1990 $11,055 $46,214 $575 $1,110
1989 $9,414 - $492 -
1988 $9,165 - $517 -
1987 $9,386 - $482 -
1986 $10,078 - $422 -
1985 $12,745 - $313 -
1984 $15,541 - $304 -
1983 $17,810 - $336 -
1982 $22,454 - $372 -
1981 $28,703 - $451 -
1980 $27,206 - $549 -
1979 $19,612 - $443 -
1978 $14,914 - $421 -
1977 $14,595 - $406 -
1976 $13,313 - $332 -
1975 $10,266 - $339 -
1974 $10,503 - $315 -
1973 $3,640 - $234.4 -
1972 $2,474 - $198.8 -
1971 $1,929 - $174.6 -
1970 $1,509 - $159.8 -
1969 $1,313 - $174.7 -
1968 $1,276 - $164.3 -
1967 $1,032 - $163.9 -
1966 $961 - $159.1 -
1965 $904 - $142.7 -
1964 $840 - $130.1 -
1963 $812 - $114.6 -
1962 $813 - $107.8 -
1961 $760 - $104.8 -
1960 $718 - $102.2 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Saudi Arabia's GDP per capita is $35,122, ranking 33/197, compared to $1,119 in Togo, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Saudi Arabia ranks 24th at $71,375, while Togo ranks 173rd at $3,365.

Economic indicators

Saudi Arabia Togo
Gross domestic product
$1.24T
2024
$10.7B
2024
GDP rank
18/197
2024
154/197
2024
GDP growth
2%
2023-2024
6.53%
2023-2024
GDP per capita
$35,122
2024
$1,119
2024
GDP per capita rank
33/197
2024
172/197
2024
GDP per capita, PPP
$71,375
2024
$3,365
2024
GDP per capita PPP rank
24/197
2024
173/197
2024
Government debt
$324B
2024
$7.68B
2024
Debt-to-GDP ratio
26.2%
2024
72.1%
2024
Government debt per person
$9,185
2024
$807
2024
Government debt per person rank
58/185
2024
149/185
2024
Average annual personal income after taxes
$23,076
2026
$1,661
2026
Market capitalization of domestic companies
$2.73T
2024
n/a
Number of millionaires
351,855
2025
n/a
Number of billionaires
15
2025
n/a
Income share by richest 10% n/a
29.6%
2021
Income share by poorest 10% n/a
2.8%
2021
Government expenditure, % of GDP
29.6%
2024
26.4%
2024
Consumer prices inflation
1.69%
2023-2024
2.86%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
3.52%
2024
1.97%
2022
Population
36734925
9990340

Spending and national debt comparison by year

Saudi Arabia
Spending

Debt
Togo
Spending

Debt
1x
Year % of GDP
Saudi Arabia Togo
Government spending Government debt Government spending Government debt
2024 29.6% 26.2% 26.4% 72.1%
2023 28.3% 23% 26.6% 68.6%
2022 25.3% 21.3% 26% 67%
2021 28.2% 25.5% 21.8% 64.9%
2020 37.4% 29.7% 23.7% 62.2%
2019 31.8% 20.3% 16.6% 54.9%
2018 32.4% 16.8% 18.8% 58%
2017 30.9% 15.9% 16.3% 57.1%
2016 33.3% 12.2% 22.9% 59.9%
2015 38.5% 5.47% 22.9% 52.4%
2014 38.6% 1.5% 21.9% 44.9%
2013 34.5% 2.08% 20.5% 41.1%
2012 32.5% 2.97% 19.1% 34.3%
2011 32.4% 5.31% 18.2% 37%
2010 33% 8.43% 15.1% 33.5%
2009 37.1% 14% 14.3% 57.6%
2008 26.7% 12.1% 12.4% 67.3%
2007 29.5% 17.1% 13.7% 70.5%
2006 27.3% 25.8% 14.7% 67.7%
2005 28.2% 37.3% 13.3% 63.1%
2004 31.1% 62.9% 10.6% 48.7%
2003 33.1% 81.6% 8.88% 50%
2002 35.9% 96.4% 8.42% 54.8%
2001 36.9% 93.1% 10.9% 68.5%
2000 33.1% 86.7% 11.9% 66.5%
1999 30.3% 103% 11.9% 59.9%
1998 34.5% 101.5% 12.8% 62.8%
1997 35.6% 76.7% 10.6% 54.4%
1996 33.3% 75.2% 12.4% 60.4%
1995 32.4% 74.2% 12.7% 64.8%
1994 33.8% 67.9% 13.2% 79%
1993 37.7% 58.6% 14.8% 58.3%
1992 41.2% 47.8% 12.6% 45%
1991 34.9% 39.4% 14.6% 46.9%
1990 39.3% - 16.8% 44.7%
1989 - - 16.9% 46.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–2004, retrieved 2026-02-20).

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

In 2024, Saudi Arabia's government spending was $367B, accounting for 29.6% of its GDP, while Togo spent $2.81B, or 26.4% of GDP.

Debt-to-GDP ratio is 26.2% in Saudi Arabia and 72.1% in Togo, ranking 163/185 and 54/185, respectively.

Government deficit by year

Deficit/surplus
Saudi Arabia

Togo
1x
Year Deficit/surplus, % of GDP
Saudi Arabia Togo
2024 -2.49% -7.43%
2023 -1.77% -6.73%
2022 2.24% -8.33%
2021 -1.99% -4.65%
2020 -10.2% -7.05%
2019 -3.96% 1.67%
2018 -5.21% -0.59%
2017 -8.57% -0.21%
2016 -13.2% -7.02%
2015 -14.9% -7.04%
2014 -3.4% -7.11%
2013 5.47% -5.08%
2012 11.7% -4.63%
2011 11.4% -4.48%
2010 4.39% -1.66%
2009 -5.38% -2.63%
2008 29.8% -0.59%
2007 11.8% -1.83%
2006 20.8% -1.94%
2005 18% -1.67%
2004 9.72% 0.61%
2003 1.2% 1.43%
2002 -5.91% -0.28%
2001 -3.91% -0.72%
2000 3.18% -3.45%
1999 -5.99% -1.76%
1998 -8.88% -3.25%
1997 -2.51% -0.98%
1996 -3.25% -3.26%
1995 -5.12% -2.97%
1994 -8.31% -5.37%
1993 -9.33% -8.46%
1992 -8.12% -2.27%
1991 -3.28% -3.52%
1990 - -1.65%
1989 - -2.18%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989, retrieved 2026-02-20).

GeoRank.org/economy/saudi-arabia/togo | 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 Togo's deficit of $791M, or 7.43% of GDP.

Over the past 34 years, Saudi Arabia recorded a fiscal deficit in 22 of those years, while Togo ran a deficit in 31 years. On average, Saudi Arabia posted an annual deficit equal to 0.18% of GDP, compared to deficit of 3.33% of GDP for Togo.

Inflation comparison by year

Inflation
Saudi Arabia

Togo
1x
Year Consumer prices inflation
Saudi Arabia Togo
2024 1.69% 2.86%
2023 2.33% 5.49%
2022 2.47% 7.97%
2021 3.06% 4.19%
2020 3.37% 1.7%
2019 -1.19% 0.67%
2018 2.47% 0.93%
2017 -0.83% -0.98%
2016 2.05% 1.29%
2015 1.22% 2.59%
2014 2.24% 0.19%
2013 3.51% 1.83%
2012 2.87% 2.58%
2011 5.83% 3.56%
2010 5.34% 1.45%
2009 5.06% 3.71%
2008 9.87% 8.69%
2007 4.17% 0.95%
2006 2.21% 2.23%
2005 0.48% 6.78%
2004 0.52% 0.39%
2003 0.61% -0.93%
2002 0.25% 3.06%
2001 -1.12% 3.92%
2000 -1.12% 1.86%
1999 -1.33% -0.05%
1998 -0.37% 0.98%
1997 0.06% 8.25%

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

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

Over the past 28 years, Saudi Arabia has recorded an average annual inflation rate of 1.99%, compared with 2.72% in Togo. In 2024, inflation was 1.69% in Saudi Arabia and 2.86% in Togo.

Top exports between countries

Saudi Arabia
Export category Export value
Raw materials & minerals $384M
Chemicals & pharma $49.7M
Raw agricultural goods $1.72M
Machinery & equipment $372K
Animal & marine products $282K
Processed food, beverages & tobacco $134K
Textiles & consumer goods $74K
Miscellaneous $53K
Metals $20K
Wood & paper products $6K
Togo
Export category Export value
Textiles & consumer goods $1.38M
Raw agricultural goods $165K
Metals $82K
Raw materials & minerals $6K

Balance of trade

Saudi Arabia Togo
Current account balance
-$16.3B
2024
-$20.7M
2020
Current account balance ranking
180/190
2024
79/190
2020
Current account balance, % of GDP
-1.31%
2024
-0.28%
2020
Goods imports
$214B
2024
$1.95B
2020
Goods exports
$306B
2024
$1.21B
2020
Service imports
$125B
2024
$438M
2020
Service exports
$62.8B
2024
$514M
2020
Imports of goods and services, % of GDP
25.6%
2024
38.1%
2024
Exports of goods and services, % of GDP
29.1%
2024
24.4%
2024

Economic freedom indices

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

Saudi Arabia Togo
Economic freedom 65.4 51.6
Economic freedom ranking 65/197 153/197
Property rights 51.4 43.6
Government integrity 52.7 33.3
Judicial effectiveness 38.2 34
Tax burden 99.2 68.9
Government spending 77 79.2
Fiscal health 97.9 9.6
Business freedom 71.2 60.1
Labor freedom 41.8 51.9
Monetary freedom 81.2 72.5
Trade freedom 73.8 65.8
Investment freedom 50 60
Financial freedom 50 40

Economic freedom comparison by year

Saudi Arabia
Togo
1x
Year Economic freedom index
Saudi Arabia Togo
2026 65.4 51.6
2025 64.4 52.3
2024 61.9 50.9
2023 58.3 55.3
2022 55.5 57.2
2021 66 57.5
2020 62.4 54.1
2019 60.7 50.3
2018 59.6 47.8
2017 64.4 53.2
2016 62.1 53.6
2015 62.1 53
2014 62.2 49.9
2013 60.6 48.8
2012 62.5 48.3
2011 66.2 49.1
2010 64.1 47.1
2009 64.3 48.7
2008 62.5 48.9
2007 60.9 49.7
2006 63 47.3
2005 63 48.2
2004 60.4 47
2003 63.2 46.8
2002 65.3 45.2
2001 62.2 45.3
2000 66.5 46.4
1999 65.5 48.2
1998 69.3 -
1997 68.7 -
1996 68.3 -

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

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

The Economic Freedom Index for Saudi Arabia is 65.4, ranking 65/197, compared to 51.6 for Togo, ranking 153/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saudi Arabia Togo
Services, % of GDP
47.1%
2024
49.2%
2024
Industry, % of GDP
44.9%
2024
20.4%
2024
Agriculture, forestry, and fishing, % of GDP
2.54%
2024
21.3%
2024
GNI, Atlas method
$1.26T
2024
$10.3B
2024
GNI per capita, PPP
$71,730
2024
$3,380
2024
Total reserves including gold
$464B
2024
n/a
Total reserves ranking
7/177
2024
n/a
Net foreign direct investment
$6.27B
2024
-$53.1M
2020
Net inflows of foreign direct investment
$21.3B
2024
$83.8M
2024
Net outflows of foreign direct investment
$27.6B
2024
-$73.4M
2024
Servicing debt to the IMF, % of GNI n/a
3.21%
2024
Poverty at national poverty lines n/a
43.8%
2021
Gross capital formation, % of GDP
30.2%
2024
20.8%
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/togo | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1989–2004, retrieved 2026-02-20)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.