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Economy of Saudi Arabia vs Uruguay compared: GDP & Debt

Updated on by Georank

Saudi Arabia has a GDP of $1.28T compared to $85.3B for Uruguay, ranking 19/197 and 84/197 by economy size, respectively.

Saudi Arabia has $405B in government debt (31.7% of GDP), compared to $56B (65.7% of GDP) in Uruguay.

Saudi Arabia vs Uruguay GDP by year

Saudi Arabia
Uruguay
1x
Year GDP, current $
Saudi Arabia Uruguay
2025 $1,276,942,933,333 $85,347,696,278
2024 $1,254,140,800,000 $82,322,859,144
2023 $1,218,584,800,000 $79,208,725,900
2022 $1,239,075,200,000 $71,240,669,088
2021 $982,661,066,667 $60,739,061,281
2020 $767,951,200,000 $53,559,354,501
2019 $888,890,133,333 $62,222,324,965
2018 $886,564,800,000 $65,344,577,416
2017 $741,266,133,333 $65,006,039,810
2016 $689,279,466,667 $57,480,787,465
2015 $693,414,400,000 $57,680,327,999
2014 $787,153,066,667 $61,496,186,974
2013 $769,755,733,333 $61,337,621,934
2012 $751,921,333,333 $54,232,266,359
2011 $680,660,800,000 $50,342,406,067
2010 $528,207,466,667 $41,950,361,212
2009 $429,097,866,667 $32,708,319,078
2008 $519,796,800,000 $31,119,602,539
2007 $415,964,509,673 $23,797,773,024
2006 $376,900,133,511 $19,741,420,740
2005 $328,459,608,764 $17,362,857,684
2004 $258,742,133,333 $13,686,329,890
2003 $215,807,733,333 $12,045,638,352
2002 $189,605,866,667 $13,606,515,723
2001 $184,137,600,000 $20,898,761,742
2000 $189,514,933,333 $22,823,270,892
1999 $161,717,066,667 $23,983,945,191
1998 $146,775,466,667 $25,385,886,978
1997 $165,963,684,913 $23,969,739,234
1996 $158,662,483,311 $20,515,458,114
1995 $143,343,124,166 $19,297,663,097
1994 $135,174,899,866 $17,474,588,896
1993 $132,967,957,276 $15,002,136,971
1992 $137,087,850,467 $12,878,148,791
1991 $132,223,230,975 $11,206,176,651
1990 $117,630,173,565 $9,298,807,850
1989 $95,344,459,279 $8,438,951,476
1988 $88,256,074,766 $8,213,538,369
1987 $85,695,861,148 $7,367,494,080
1986 $86,961,922,765 $5,880,112,788
1985 $103,897,846,494 $4,732,017,873
1984 $119,624,858,116 $4,850,238,550
1983 $129,171,635,311 $5,102,276,308
1982 $153,240,313,858 $9,178,780,077
1981 $184,291,360,139 $11,048,301,421
1980 $164,539,660,725 $10,163,020,116
1979 $111,858,444,786 $7,181,182,224
1978 $80,266,516,687 $4,910,254,566
1977 $74,188,986,586 $4,114,670,014
1976 $64,005,665,722 $3,667,161,241
1975 $46,773,208,643 $3,538,278,047
1974 $45,412,957,746 $4,090,209,682
1973 $14,947,435,499 $3,964,296,443
1972 $9,664,267,087 $2,189,418,689
1971 $7,184,806,909 $2,807,258,065
1970 $5,377,333,333 $2,137,096,774
1969 $4,485,777,644 $2,004,435,484
1968 $4,187,777,711 $1,593,674,185
1967 $3,257,022,223 $1,597,713,469
1966 $2,920,555,557 $1,809,185,094
1965 $2,647,955,558 $1,890,767,156
1964 $2,371,808,713 $1,975,701,816
1963 $2,207,393,172 $1,539,681,491
1962 $2,130,606,532 $1,710,004,407
1961 $1,920,811,284 $1,547,388,781
1960 $1,748,124,064 $1,242,289,239

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Saudi Arabia vs Uruguay by year

Saudi Arabia
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saudi Arabia Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $34,537 - $25,216 -
2024 $35,528 $71,375 $24,308 $36,418
2023 $36,157 $71,565 $23,379 $34,471
2022 $38,510 $71,968 $21,009 $33,001
2021 $31,921 $62,690 $17,882 $29,432
2020 $24,339 $47,518 $15,758 $25,725
2019 $29,567 $59,560 $18,316 $25,783
2018 $29,360 $59,378 $19,250 $24,386
2017 $23,929 $53,120 $19,185 $23,607
2016 $22,268 $49,937 $17,010 $22,841
2015 $23,256 $53,931 $17,126 $22,169
2014 $27,805 $62,578 $18,322 $21,868
2013 $27,865 $62,203 $18,335 $20,661
2012 $28,733 $65,034 $16,260 $19,495
2011 $27,127 $64,125 $15,132 $19,135
2010 $22,028 $58,829 $12,641 $17,873
2009 $17,718 $54,787 $9,881 $16,422
2008 $22,320 $57,236 $9,424 $15,694
2007 $18,596 $55,030 $7,222 $14,397
2006 $17,564 $54,639 $6,001 $13,179
2005 $15,976 $53,548 $5,284 $12,296
2004 $13,154 $51,225 $4,169 $11,103
2003 $11,487 $48,078 $3,671 $10,303
2002 $10,586 $45,466 $4,150 $10,030
2001 $10,805 $47,381 $6,383 $10,719
2000 $11,715 $48,644 $6,988 $10,929
1999 $10,452 $47,495 $7,371 $10,938
1998 $9,836 $48,867 $7,837 $11,002
1997 $11,545 $48,796 $7,436 $10,461
1996 $11,472 $48,569 $6,398 $9,524
1995 $10,786 $48,052 $6,050 $8,906
1994 $10,602 $48,904 $5,508 $8,897
1993 $10,885 $49,503 $4,753 $8,162
1992 $11,730 $50,355 $4,102 $7,808
1991 $11,847 $49,295 $3,589 $7,112
1990 $11,055 $46,214 $2,995 $6,683
1989 $9,414 - $2,734 -
1988 $9,165 - $2,677 -
1987 $9,386 - $2,416 -
1986 $10,078 - $1,939 -
1985 $12,745 - $1,568 -
1984 $15,541 - $1,615 -
1983 $17,810 - $1,707 -
1982 $22,454 - $3,085 -
1981 $28,703 - $3,728 -
1980 $27,206 - $3,443 -
1979 $19,612 - $2,443 -
1978 $14,914 - $1,678 -
1977 $14,595 - $1,414 -
1976 $13,313 - $1,268 -
1975 $10,266 - $1,232 -
1974 $10,503 - $1,433 -
1973 $3,640 - $1,397 -
1972 $2,474 - $776 -
1971 $1,929 - $1,000 -
1970 $1,509 - $766 -
1969 $1,313 - $723 -
1968 $1,276 - $579 -
1967 $1,032 - $585 -
1966 $961 - $668 -
1965 $904 - $705 -
1964 $840 - $745 -
1963 $812 - $587 -
1962 $813 - $659 -
1961 $760 - $604 -
1960 $718 - $491 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Saudi Arabia's GDP per capita is $34,537, ranking 36/197, compared to $25,216 in Uruguay, ranking 54/197. Adjusted for purchasing power (GDP per capita PPP), Saudi Arabia ranks 24th at $71,375, while Uruguay ranks 61st at $36,418.

Economic indicators

Saudi Arabia Uruguay
Gross domestic product
$1.28T
2025
$85.3B
2025
GDP rank
19/197
2025
84/197
2025
GDP growth
4.5%
2024-2025
1.78%
2024-2025
GDP per capita
$34,537
2025
$25,216
2025
GDP per capita rank
36/197
2025
54/197
2025
GDP per capita, PPP
$71,375
2024
$36,418
2024
GDP per capita PPP rank
24/197
2024
61/197
2024
Government debt
$405B
2025
$56B
2025
Debt-to-GDP ratio
31.7%
2025
65.7%
2025
Government debt per person
$10,956
2025
$16,559
2025
Government debt per person rank
57/185
2025
41/185
2025
Average annual personal income after taxes
$22,010
2026
$14,046
2026
Market capitalization of domestic companies
$2.36T
2025
$284M
1996
Number of millionaires
348,000
2026
n/a
Number of billionaires
15
2026
n/a
Income share by richest 10% n/a
30%
2024
Income share by poorest 10% n/a
2.2%
2024
Government expenditure, % of GDP
29%
2025
31.5%
2025
Consumer prices inflation
2.08%
2024-2025
4.65%
2024-2025
Central bank interest rate
4.25%
2025
5.75%
2026
Unemployment rate
3.24%
2025
8.21%
2024
Population
37955120
3382672

Spending and national debt comparison by year

Saudi Arabia
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Saudi Arabia Uruguay
Government spending Government debt Government spending Government debt
2025 29% 31.7% 31.5% 65.7%
2024 29.2% 25.9% 30.6% 67.6%
2023 28.3% 23% 30.1% 63%
2022 25.3% 21.3% 29.7% 59.4%
2021 28.2% 25.5% 30.2% 64.1%
2020 37.4% 29.7% 32.8% 68.2%
2019 31.8% 20.3% 30.6% 59.6%
2018 32.4% 16.8% 30.3% 57.9%
2017 30.9% 15.9% 29.7% 55.8%
2016 33.3% 12.2% 29.7% 56.4%
2015 38.5% 5.47% 28.4% 57.8%
2014 38.6% 1.5% 29.1% 51.1%
2013 34.5% 2.08% 28.8% 50%
2012 32.5% 2.97% 27.7% 49.8%
2011 32.4% 5.31% 26.3% 41.3%
2010 33% 8.43% 27.4% 40.9%
2009 37.1% 14% 27.2% 46.2%
2008 26.7% 12.1% 26.3% 46.2%
2007 29.5% 17.1% 26.8% 52.8%
2006 27.3% 25.8% 26.8% 61.1%
2005 28.2% 37.3% 26.3% 66.2%
2004 31.1% 62.9% 26.6% 73.7%
2003 33.1% 81.6% 27.7% 91.9%
2002 35.9% 96.4% 27.6% 90.1%
2001 36.9% 93.1% 27.8% 39.4%
2000 33.1% 86.7% 26.6% 30.5%
1999 30.3% 103% 27.2% 24.1%
1998 34.5% 101.5% 27.3% 19.4%
1997 35.6% 76.7% 27.6% 18.8%
1996 33.3% 75.2% 26.5% 18.3%
1995 32.4% 74.2% 26.2% 18.5%
1994 33.8% 67.9% 29.5% 19.3%
1993 37.7% 58.6% 27.7% 20%
1992 41.2% 47.8% 23.6% 22.2%
1991 34.9% 39.4% 22.2% 20.4%
1990 39.3% - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-07-08).

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

In 2025, Saudi Arabia's government spending was $370B, accounting for 29% of its GDP, while Uruguay spent $26.9B, or 31.5% of GDP.

Debt-to-GDP ratio is 31.7% in Saudi Arabia and 65.7% in Uruguay, ranking 151/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Saudi Arabia

Uruguay
1x
Year Deficit/surplus, % of GDP
Saudi Arabia Uruguay
2025 -5.77% -3.36%
2024 -2.46% -3.16%
2023 -1.77% -3.09%
2022 2.24% -2.5%
2021 -1.99% -2.61%
2020 -10.2% -4.64%
2019 -3.96% -2.71%
2018 -5.21% -1.89%
2017 -8.57% -2.51%
2016 -13.2% -2.68%
2015 -14.9% -1.86%
2014 -3.4% -2.6%
2013 5.47% -1.72%
2012 11.7% -2.17%
2011 11.4% -0.33%
2010 4.39% -0.39%
2009 -5.38% -1.39%
2008 29.8% -1.31%
2007 11.8% -0.16%
2006 20.8% -0.64%
2005 18% -0.28%
2004 9.72% -0.87%
2003 1.2% -2.19%
2002 -5.91% -3.19%
2001 -3.91% -2.85%
2000 3.18% -2.76%
1999 -5.99% -2.76%
1998 -8.88% -0.76%
1997 -2.51% -0.97%
1996 -3.25% -1.32%
1995 -5.12% -1.08%
1994 -8.31% -2.37%
1993 -9.33% -0.47%
1992 -8.12% 0.6%
1991 -3.28% 0.88%
1990 - 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-07-08).

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

In 2025, Saudi Arabia's government deficit, the difference between spending and revenue, was $73.7B, equivalent to 5.77% of GDP. This compares to Uruguay's deficit of $2.86B, or 3.36% of GDP.

Over the past 35 years, Saudi Arabia recorded a fiscal deficit in 23 of those years, while Uruguay ran a deficit in 33 years. On average, Saudi Arabia posted an annual deficit equal to 0.34% of GDP, compared to deficit of 1.77% of GDP for Uruguay.

Inflation comparison by year

Inflation
Saudi Arabia

Uruguay
1x
Year Consumer prices inflation
Saudi Arabia Uruguay
2025 2.08% 4.65%
2024 1.69% 4.85%
2023 2.33% 5.87%
2022 2.47% 9.1%
2021 3.06% 7.75%
2020 3.37% 9.76%
2019 -1.19% 7.88%
2018 2.47% 7.61%
2017 -0.83% 6.22%
2016 2.05% 9.64%
2015 1.22% 8.67%
2014 2.24% 8.88%
2013 3.51% 8.58%
2012 2.87% 8.1%
2011 5.83% 8.09%
2010 5.34% 6.7%
2009 5.06% 7.06%
2008 9.87% 7.88%
2007 4.17% 8.11%
2006 2.21% 6.4%
2005 0.48% 4.7%
2004 0.52% 9.16%
2003 0.61% 19.4%
2002 0.25% 14%
2001 -1.12% 4.36%
2000 -1.12% 4.76%
1999 -1.33% 5.66%
1998 -0.37% 10.8%
1997 0.06% 19.8%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Saudi Arabia has recorded an average annual inflation rate of 1.99%, compared with 8.43% in Uruguay. In 2025, inflation was 2.08% in Saudi Arabia and 4.65% in Uruguay.

Top exports between countries

Saudi Arabia
Export category Export value
Raw materials & minerals $175M
Textiles & consumer goods $12M
Machinery & equipment $3.32M
Chemicals & pharma $2.01M
Metals $105K
Raw agricultural goods $29K
Wood & paper products $29K
Miscellaneous $7K
Uruguay
Export category Export value
Animal & marine products $23.9M
Raw agricultural goods $14.7M
Chemicals & pharma $1.29M
Wood & paper products $1.23M
Processed food, beverages & tobacco $534K
Machinery & equipment $54K
Metals $34K
Miscellaneous $27K
Precious metals & jewellery $3K
Textiles & consumer goods $2K

Balance of trade

Saudi Arabia Uruguay
Current account balance
-$32.7B
2025
-$374M
2025
Current account balance ranking
185/190
2025
100/190
2025
Current account balance, % of GDP
-2.56%
2025
-0.44%
2025
Goods imports
$230B
2025
$13.6B
2025
Goods exports
$311B
2025
$16.1B
2025
Service imports
$129B
2025
$5.96B
2025
Service exports
$69.4B
2025
$7.39B
2025
Imports of goods and services, % of GDP
28.2%
2025
22.6%
2025
Exports of goods and services, % of GDP
29.7%
2025
27.1%
2025

Economic freedom indices

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

Saudi Arabia Uruguay
Economic freedom 65.4 69.8
Economic freedom ranking 65/197 39/197
Property rights 51.4 87.4
Government integrity 52.7 79
Judicial effectiveness 38.2 80.9
Tax burden 99.2 73.3
Government spending 77 72
Fiscal health 97.9 76.6
Business freedom 71.2 83.8
Labor freedom 41.8 61.7
Monetary freedom 81.2 70.2
Trade freedom 73.8 73.2
Investment freedom 50 50
Financial freedom 50 30

Economic freedom comparison by year

Saudi Arabia
Uruguay
1x
Year Economic freedom index
Saudi Arabia Uruguay
2026 65.4 69.8
2025 64.4 70.2
2024 61.9 69.8
2023 58.3 70.2
2022 55.5 70
2021 66 69.3
2020 62.4 69.1
2019 60.7 68.6
2018 59.6 69.2
2017 64.4 69.7
2016 62.1 68.8
2015 62.1 68.6
2014 62.2 69.3
2013 60.6 69.7
2012 62.5 69.9
2011 66.2 70
2010 64.1 69.8
2009 64.3 69.1
2008 62.5 67.9
2007 60.9 68.4
2006 63 65.3
2005 63 66.9
2004 60.4 66.7
2003 63.2 69.8
2002 65.3 68.7
2001 62.2 70.7
2000 66.5 69.3
1999 65.5 68.5
1998 69.3 68.6
1997 68.7 67.5
1996 68.3 63.7
1995 - 62.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Saudi Arabia is 65.4, ranking 65/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Saudi Arabia Uruguay
Services, % of GDP
48.9%
2025
65.2%
2025
Industry, % of GDP
43%
2025
16.9%
2025
Agriculture, forestry, and fishing, % of GDP
2.59%
2025
6.38%
2025
GNI, Atlas method
$1.33T
2025
$81.3B
2025
GNI per capita, PPP
$74,400
2025
$36,330
2025
Total reserves including gold
$505B
2025
$19B
2025
Total reserves ranking
8/177
2025
67/177
2025
Net foreign direct investment
-$5.6B
2025
-$457M
2025
Net inflows of foreign direct investment
$21.3B
2024
-$3.94B
2024
Net outflows of foreign direct investment
$27.6B
2024
-$1.37B
2024
Poverty at national poverty lines n/a
17.3%
2024
Gross capital formation, % of GDP
31.6%
2025
16.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.