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Saudi Arabia vs Turkey: Economic Indicators Comparison

Saudi Arabia with a GDP of $786.5B ranked the 18th largest economy in the world, while Turkey ranked 19th with $771.4B. By GDP 5-years average growth and GDP per capita, Saudi Arabia and Turkey ranked 124th vs 36th and 41st vs 78th, respectively.

Gross Domestic Product & Income

StatSaudi ArabiaTurkey
GDP$786.5B$771.4B
GDP growth, 1 year2.2%2.6%
GDP growth, 5-years average2.2%4.9%
Population33M82M
GDP per capita$23k$9.4k
GDP per capita growth0.61%1.31%
Purchasing Power Parity conversion factor1.581.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.420.33
GDP per capita, PPP adjusted$56k$28k
GNI, Atlas method$727.8B$858.1B
GNI per capita$22k$10k
GNI, PPP adjusted$1.9T$2.3T
GNI per capita, PPP adjusted$56k$28k

Financial system and Human development

StatSaudi ArabiaTurkey
Income Tax Rate2.5%35%
Corporate Tax Rate2.5%22%
Inflation, consumer prices2.5%16.3%
Inflation, GDP deflator11.5%16.4%
Unemployment5.9%10.9%
Economic Freedom Index62.464.4
Personal Freedom Index4.656.97
Human Freedom Index5.666.96
Property Rights Index64.657.4
Judical Effectiveness Index72.353.7
Business Freedom Index66.667
Fiscal Health Index19.386.1
Labor Freedom Index63.349.2
Investment Freedom Index4570
Financial Freedom Index5060
Trade Freedom Index75.478
Monetary Freedom Index8166.1
Government Spending Index61.864.1
Tax Burden Index99.876.7
Government Integrity Index49.644.6
Corruption Perceptions Index4941
Life expectancy at birth, years74.977.2
Suicide mortality rate, per 100,000 people3.27.3
Mortality caused by road traffic injury, per 100,000 people28.812.3
Intentional homicides, per 100,000 people1.34.3
International tourism, number of arrivals15.3M45.8M

Government debt & reserves

StatSaudi ArabiaTurkey
Central government debt, % of GDP19.1%29.1%
External debt stocks, % of GNIN/A59%
External debt stocksN/A$445.1B
Short-term debt, % of total reservesN/A124.1%
Total debt service, % of exports and primary incomeN/A36.7%
Adjusted net savings including particulate emission damage, % of GNI13.4%11.4%
Gross savings, % of GDP33.2%27.1%
Gross capital formation, % of GDP24.2%29.6%
Total reserves including gold$509.5B$93B
Foreign direct investment net inflows$4.2B$13.1B

Exports, imports and economic structure

StatSaudi ArabiaTurkey
Exports of goods and services, % of GDP39.9%29.5%
Imports of goods and services, % of GDP26.7%30.6%
Current account balance (balance of payments)$70.6B-$27B
Revenue excluding grants, % of GDP26.8%30.7%
Grants excluding technical cooperation, BoP$290k$1.3B
Personal remittances received$334.9M$1.1B
Industry including construction value added, % of GDP49.5%29.5%
Agriculture, forestry and fishing value added, % of GDP2.2%5.8%
Charges for the use of intellectual property, payments BoPN/A$726M
Charges for the use of intellectual property, receipts BoPN/A$29M
Expense, % of GDP28%33.9%
Government Expenditure, % of GDP35.7%34.6%

Compare with countries close by GDP per capita

Saudi Arabia vs

CountryGDP
per capita
Population
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
South Korea
$31k
51.1M
Spain
$30k
46.5M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k
Lithuania
$19k
2.79M
Barbados
$18k
285k
Latvia
$18k
1.95M
Uruguay
$17k
3.41M
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Oman
$16k
3.63M

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M