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Economy of Saudi Arabia vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Saudi Arabia has a GDP of $1.24T compared to $552B for the United Arab Emirates, ranking 18/197 and 27/197 by economy size, respectively.

Saudi Arabia has $324B in government debt (26.2% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Saudi Arabia vs United Arab Emirates GDP by year

Saudi Arabia
United Arab Emirates
1x
Year GDP, current $
Saudi Arabia UAE
2024 $1,239,804,533,333 $552,324,846,835
2023 $1,218,584,533,333 $522,622,191,967
2022 $1,239,075,200,000 $511,403,403,676
2021 $982,661,066,667 $422,441,388,700
2020 $767,951,200,000 $357,161,878,829
2019 $888,890,133,333 $433,926,208,305
2018 $886,564,800,000 $440,560,108,918
2017 $741,266,133,333 $403,365,010,211
2016 $689,279,466,667 $381,717,086,453
2015 $693,414,400,000 $381,973,042,886
2014 $787,153,066,667 $424,935,874,745
2013 $769,755,733,333 $409,632,675,289
2012 $751,921,333,333 $392,793,464,942
2011 $680,660,800,000 $368,881,143,635
2010 $528,207,466,667 $307,736,419,333
2009 $429,097,866,667 $253,547,358,747
2008 $519,796,800,000 $315,474,615,739
2007 $415,964,509,673 $257,916,133,424
2006 $376,900,133,511 $222,116,541,865
2005 $328,459,608,764 $180,617,467,965
2004 $258,742,133,333 $147,824,370,320
2003 $215,807,733,333 $124,346,358,067
2002 $189,605,866,667 $109,816,201,498
2001 $184,137,600,000 $103,311,640,572
2000 $189,514,933,333 $104,337,372,362
1999 $161,717,066,667 $84,445,473,111
1998 $146,775,466,667 $75,674,336,283
1997 $165,963,684,913 $78,839,008,445
1996 $158,662,483,311 $73,571,233,996
1995 $143,343,124,166 $65,743,666,576
1994 $135,174,899,866 $59,305,093,980
1993 $132,967,957,276 $55,625,170,253
1992 $137,087,850,467 $54,239,171,888
1991 $132,223,230,975 $51,552,165,622
1990 $117,630,173,565 $50,701,443,748
1989 $95,344,459,279 $41,464,995,914
1988 $88,256,074,766 $36,275,674,203
1987 $85,695,861,148 $36,384,908,744
1986 $86,961,922,765 $33,943,612,095
1985 $103,897,846,494 $40,603,650,232
1984 $119,624,858,116 $41,807,954,236
1983 $129,171,635,311 $42,803,323,345
1982 $153,240,313,858 $46,622,718,605
1981 $184,291,360,139 $49,333,424,135
1980 $164,539,660,725 $43,599,160,050
1979 $111,858,444,786 $31,225,659,621
1978 $80,266,516,687 $23,775,764,225
1977 $74,188,986,586 $24,871,775,165
1976 $64,005,665,722 $19,213,158,779
1975 $46,773,208,643 $14,720,728,249
1974 $45,412,957,746 $11,651,505,689
1973 $14,947,435,499 $4,231,243,616
1972 $9,664,267,087 $1,415,086,929
1971 $7,184,806,909 $939,893,600
1970 $5,377,333,333 $685,986,701
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/united-arab-emirates | CC BY

GDP per capita in Saudi Arabia vs United Arab Emirates by year

Saudi Arabia
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saudi Arabia UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $35,122 $71,375 $50,274 $79,229
2023 $36,157 $71,565 $49,851 $77,955
2022 $38,510 $71,968 $50,760 $75,072
2021 $31,921 $62,690 $44,119 $68,580
2020 $24,339 $47,518 $37,992 $66,791
2019 $29,567 $59,560 $45,939 $79,816
2018 $29,360 $59,378 $47,135 $77,446
2017 $23,929 $53,120 $43,734 $70,282
2016 $22,268 $49,937 $42,721 $69,987
2015 $23,256 $53,931 $44,910 $73,986
2014 $27,805 $62,578 $52,725 $87,478
2013 $27,865 $62,203 $53,247 $87,526
2012 $28,733 $65,034 $53,142 $89,198
2011 $27,127 $64,125 $51,922 $89,665
2010 $22,028 $58,829 $44,795 $85,120
2009 $17,718 $54,787 $37,803 $84,780
2008 $22,320 $57,236 $50,054 $94,628
2007 $18,596 $55,030 $45,855 $100,813
2006 $17,564 $54,639 $44,343 $106,814
2005 $15,976 $53,548 $38,719 $101,301
2004 $13,154 $51,225 $33,377 $98,661
2003 $11,487 $48,078 $29,660 $92,636
2002 $10,586 $45,466 $27,754 $88,467
2001 $10,805 $47,381 $27,745 $90,370
2000 $11,715 $48,644 $29,866 $92,899
1999 $10,452 $47,495 $25,856 $87,658
1998 $9,836 $48,867 $24,889 $90,229
1997 $11,545 $48,796 $27,983 $96,009
1996 $11,472 $48,569 $28,323 $94,620
1995 $10,786 $48,052 $27,003 $93,702
1994 $10,602 $48,904 $25,473 $89,959
1993 $10,885 $49,503 $25,033 $86,330
1992 $11,730 $50,355 $25,648 $87,509
1991 $11,847 $49,295 $25,691 $87,250
1990 $11,055 $46,214 $26,710 $88,455
1989 $9,414 - $23,167 -
1988 $9,165 - $21,570 -
1987 $9,386 - $23,113 -
1986 $10,078 - $23,132 -
1985 $12,745 - $29,468 -
1984 $15,541 - $32,012 -
1983 $17,810 - $34,650 -
1982 $22,454 - $39,972 -
1981 $28,703 - $44,854 -
1980 $27,206 - $42,925 -
1979 $19,612 - $34,238 -
1978 $14,914 - $29,379 -
1977 $14,595 - $35,020 -
1976 $13,313 - $31,197 -
1975 $10,266 - $27,117 -
1974 $10,503 - $23,823 -
1973 $3,640 - $9,696 -
1972 $2,474 - $3,675 -
1971 $1,929 - $2,805 -
1970 $1,509 - $2,394 -
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/united-arab-emirates | CC BY

Saudi Arabia's GDP per capita is $35,122, ranking 33/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Saudi Arabia ranks 24th at $71,375, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Saudi Arabia UAE
Gross domestic product
$1.24T
2024
$552B
2024
GDP rank
18/197
2024
27/197
2024
GDP growth
2%
2023-2024
3.99%
2023-2024
GDP per capita
$35,122
2024
$50,274
2024
GDP per capita rank
33/197
2024
24/197
2024
GDP per capita, PPP
$71,375
2024
$79,229
2024
GDP per capita PPP rank
24/197
2024
16/197
2024
Government debt
$324B
2024
$193B
2024
Debt-to-GDP ratio
26.2%
2024
34.9%
2024
Government debt per person
$9,185
2024
$17,568
2024
Government debt per person rank
58/185
2024
36/185
2024
Average annual personal income after taxes
$23,076
2026
$40,522
2026
Market capitalization of domestic companies
$2.73T
2024
$1.05T
2024
Number of millionaires
351,855
2025
339,000
2025
Number of billionaires
15
2025
6
2025
Income share by richest 10% n/a
20.5%
2018
Income share by poorest 10% n/a
2.8%
2018
Government expenditure, % of GDP
29.6%
2024
21.4%
2024
Consumer prices inflation
1.69%
2023-2024
1.7%
2023-2024
Central bank interest rate
4.25%
2025
3.65%
2025
Unemployment rate
3.52%
2024
1.88%
2024
Population
36734925
11686438

Spending and national debt comparison by year

Saudi Arabia
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Saudi Arabia UAE
Government spending Government debt Government spending Government debt
2024 29.6% 26.2% 21.4% 34.9%
2023 28.3% 23% 22.7% 31.9%
2022 25.3% 21.3% 22.7% 31.5%
2021 28.2% 25.5% 25.9% 35.7%
2020 37.4% 29.7% 30.5% 30.1%
2019 31.8% 20.3% 27.4% 25.8%
2018 32.4% 16.8% 25.9% 20.7%
2017 30.9% 15.9% 27.2% 21.2%
2016 33.3% 12.2% 31.7% 18.6%
2015 38.5% 5.47% 26.4% 15.6%
2014 38.6% 1.5% 31.4% 13.5%
2013 34.5% 2.08% 28.9% 15.3%
2012 32.5% 2.97% 27.8% 20.2%
2011 32.4% 5.31% 29.6% 20.4%
2010 33% 8.43% 30.4% 18.3%
2009 37.1% 14% 35% 21.1%
2008 26.7% 12.1% 22% 8.95%
2007 29.5% 17.1% 17.7% 8.89%
2006 27.3% 25.8% 15.6% 5.05%
2005 28.2% 37.3% 15.7% 4.48%
2004 31.1% 62.9% 17.7% 4.08%
2003 33.1% 81.6% 20% 3.33%
2002 35.9% 96.4% 21.3% 3.43%
2001 36.9% 93.1% 25.2% 2.69%
2000 33.1% 86.7% 21.8% 3.12%
1999 30.3% 103% 24.3% 4.73%
1998 34.5% 101.5% 25.8% 4.18%
1997 35.6% 76.7% 22.6% 2.86%
1996 33.3% 75.2% 27.6% 3.48%
1995 32.4% 74.2% 26.1% 5.06%
1994 33.8% 67.9% 30.1% 5.58%
1993 37.7% 58.6% 31.5% 6.01%
1992 41.2% 47.8% 29.6% 5.31%
1991 34.9% 39.4% 36% 4.97%
1990 39.3% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20).

GeoRank.org/economy/saudi-arabia/united-arab-emirates | CC BY

In 2024, Saudi Arabia's government spending was $367B, accounting for 29.6% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 26.2% in Saudi Arabia and 34.9% in the United Arab Emirates, ranking 163/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Saudi Arabia

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Saudi Arabia UAE
2024 -2.49% 6.41%
2023 -1.77% 5.82%
2022 2.24% 9.8%
2021 -1.99% 3.96%
2020 -10.2% -2.42%
2019 -3.96% 2.5%
2018 -5.21% 3.65%
2017 -8.57% -0.16%
2016 -13.2% -2.95%
2015 -14.9% -6.35%
2014 -3.4% 1.74%
2013 5.47% 7.99%
2012 11.7% 8.59%
2011 11.4% 5.05%
2010 4.39% 0.52%
2009 -5.38% -6.13%
2008 29.8% 17.6%
2007 11.8% 17.1%
2006 20.8% 20.2%
2005 18% 16%
2004 9.72% 6.4%
2003 1.2% 2.35%
2002 -5.91% -1.24%
2001 -3.91% 1.21%
2000 3.18% 10.7%
1999 -5.99% 1.31%
1998 -8.88% 1%
1997 -2.51% 6.71%
1996 -3.25% 0.92%
1995 -5.12% 3.58%
1994 -8.31% -1.78%
1993 -9.33% -2.89%
1992 -8.12% 3.34%
1991 -3.28% 3.89%

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

GeoRank.org/economy/saudi-arabia/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, Saudi Arabia recorded a fiscal deficit in 22 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Saudi Arabia posted an annual deficit equal to 0.18% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Saudi Arabia

United Arab Emirates
1x
Year Consumer prices inflation
Saudi Arabia UAE
2024 1.69% 1.7%
2023 2.33% 1.6%
2022 2.47% 4.8%
2021 3.06% -0.1%
2020 3.37% -2.1%
2019 -1.19% -1.9%
2018 2.47% 3.1%
2017 -0.83% 2%
2016 2.05% 1.6%
2015 1.22% 4.1%
2014 2.24% 2.3%
2013 3.51% 1.1%
2012 2.87% 0.7%
2011 5.83% 0.9%
2010 5.34% 0.9%
2009 5.06% -4.7%
2008 9.87% 12.3%
2007 4.17% 11.1%
2006 2.21% 9.3%
2005 0.48% 6.2%
2004 0.52% 5%
2003 0.61% 3.1%
2002 0.25% 2.9%
2001 -1.12% 2.8%
2000 -1.12% 1.3%
1999 -1.33% 2.1%
1998 -0.37% 2%
1997 0.06% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/saudi-arabia/united-arab-emirates | CC BY

Over the past 28 years, Saudi Arabia has recorded an average annual inflation rate of 1.99%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 1.69% in Saudi Arabia and 1.7% in the United Arab Emirates.

Top exports between countries

Saudi Arabia
Export category Export value
Machinery & equipment $12.6B
Raw materials & minerals $4.6B
Chemicals & pharma $2.49B
Precious metals & jewellery $904M
Metals $843M
Animal & marine products $524M
Processed food, beverages & tobacco $485M
Textiles & consumer goods $270M
Raw agricultural goods $178M
Wood & paper products $106M
UAE
Export category Export value
Machinery & equipment $11.8B
Precious metals & jewellery $4.17B
Textiles & consumer goods $3.73B
Chemicals & pharma $3.62B
Metals $2.55B
Processed food, beverages & tobacco $1.28B
Raw materials & minerals $761M
Raw agricultural goods $648M
Wood & paper products $517M
Animal & marine products $260M

Balance of trade

Saudi Arabia UAE
Current account balance
-$16.3B
2024
$80B
2024
Current account balance ranking
180/190
2024
9/190
2024
Current account balance, % of GDP
-1.31%
2024
+14.5%
2024
Goods imports
$214B
2024
$400B
2024
Goods exports
$306B
2024
$467B
2024
Service imports
$125B
2024
$117B
2024
Service exports
$62.8B
2024
$181B
2024
Imports of goods and services, % of GDP
25.6%
2024
92.2%
2023
Exports of goods and services, % of GDP
29.1%
2024
106.8%
2023

Economic freedom indices

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

Saudi Arabia UAE
Economic freedom 65.4 71.9
Economic freedom ranking 65/197 29/197
Property rights 51.4 62.9
Government integrity 52.7 65.3
Judicial effectiveness 38.2 34.4
Tax burden 99.2 99.9
Government spending 77 85.1
Fiscal health 97.9 97.6
Business freedom 71.2 84.5
Labor freedom 41.8 63.2
Monetary freedom 81.2 81.2
Trade freedom 73.8 78.6
Investment freedom 50 50
Financial freedom 50 60

Economic freedom comparison by year

Saudi Arabia
United Arab Emirates
1x
Year Economic freedom index
Saudi Arabia UAE
2026 65.4 71.9
2025 64.4 71.6
2024 61.9 71.1
2023 58.3 70.9
2022 55.5 70.2
2021 66 76.9
2020 62.4 76.2
2019 60.7 77.6
2018 59.6 77.6
2017 64.4 76.9
2016 62.1 72.6
2015 62.1 72.4
2014 62.2 71.4
2013 60.6 71.1
2012 62.5 69.3
2011 66.2 67.8
2010 64.1 67.3
2009 64.3 64.7
2008 62.5 62.6
2007 60.9 62.6
2006 63 62.2
2005 63 65.2
2004 60.4 67.2
2003 63.2 73.4
2002 65.3 73.6
2001 62.2 74.9
2000 66.5 74.2
1999 65.5 71.5
1998 69.3 72.2
1997 68.7 71.9
1996 68.3 71.6

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

GeoRank.org/economy/saudi-arabia/united-arab-emirates | CC BY

The Economic Freedom Index for Saudi Arabia is 65.4, ranking 65/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saudi Arabia UAE
Services, % of GDP
47.1%
2024
54.9%
2024
Industry, % of GDP
44.9%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
2.54%
2024
0.77%
2024
GNI, Atlas method
$1.26T
2024
$566B
2024
GNI per capita, PPP
$71,730
2024
$81,530
2024
Total reserves including gold
$464B
2024
$238B
2024
Total reserves ranking
7/177
2024
14/177
2024
Net foreign direct investment
$6.27B
2024
$31.5B
2024
Net inflows of foreign direct investment
$21.3B
2024
$45.6B
2024
Net outflows of foreign direct investment
$27.6B
2024
$77.2B
2024
Poverty at national poverty lines n/a
19.5%
2020
Gross capital formation, % of GDP
30.2%
2024
26.6%
2023

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/united-arab-emirates | CC BY

Compare countries by 7 more topics

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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 (2023–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.