Saudi Arabia economy

 Shutterstock

Saudi Arabia economic indicators at a glance

---

Saudi Arabia nominal GDP

Saudi Arabia GDP per capita

Saudi Arabia GDP growth

Saudi Arabia oil breakeven prices

The figures for Saudi Arabia's GDP per capita and nominal GDP show how its economy contracted in 2020 and 2023. Real GDP is now expected to grow in 2025. Growth in Saudi Arabia's non-oil GDP has been relatively stable over the past five years, while the Saudi oil GDP rate has fluctuated. Saudi Arabia's oil breakeven price has risen consistently in recent years but is forecast to fall in 2025.

---

Saudi Arabia inflation

Saudi Arabia lending, debt & account balance

Saudi Arabia's inflation rate has held steady in recent years, with the consumer price index recording small increases – and a dip in 2019. Government gross debt is expected to surpass 30 percent of GDP in 2025 and the current account balance is projected to fall into the red.

---

Saudi Arabia trade

Saudi Arabia’s top 10 trade partners

Saudi Arabia's trade picked up after the 2020 pandemic, but its export rate plummeted in 2023. Imports and exports are projected to grow in 2025 and the years that follow, but at a slowing rate. Saudi Arabia's top exports include oil, plastics and organic chemicals and its top imports include machinery, nuclear reactors and vehicles.

---

Saudi Arabia foreign direct investment

Saudi Arabia sovereign ratings

Saudi Arabia governance

Inward and outward foreign direct investment into Saudi Arabia have been volatile. They significantly increased in 2021 and 2022, but fell again in 2023. Saudi Arabia has high investment-grade ratings from Fitch, Moody's and S&P Global. Two of the credit ratings agencies say the outlook for Saudi Arabia is positive. Saudi Arabia's score in the Corruption Perceptions Index has fluctuated but has been the third best in the GCC since 2021.

---

Saudi Arabia population

Saudi Arabia life expectancy

Saudi Arabia's population rate and life expectancy were generally rising before the Covid pandemic. Both indicators were hit in 2020 and 2021, but are now rising again.

---

Expats in Saudi Arabia

Saudi Arabia expats’ country of origin

Saudi Arabia's expat population is on the increase, but nowhere near as dramatically as in some of its GCC neighbours. Indians and Indonesians make up around a third of Saudi Arabia's expat residents.

---

Saudi Arabia unemployment rate

Education in Saudi Arabia

The unemployment rate in Saudi Arabia increased in 2018 and again in 2020. Since then it has fallen and Saudi unemployment is now lower than pre-pandemic levels. Saudi Arabia's education score is significantly lower than the OECD average.

The charts and tables on this page are for general information purposes only. AGBI aims to keep the information up-to-date and correct, but makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information. Any reliance you place on such information is therefore strictly at your own risk. All IMF, World Bank and United Nations data on this page is publicly available. The latest IMF World Economic Outlook was published on October 22 2024