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Saudi Arabia GDP

Saudi Arabia's GDP rose to $1.24 trillion in 2024, up from $1.22 trillion in 2023, according to World Bank. This represents an increase of 1.6% ($18.95 billion) from the previous year and accounts for 1.11% of the world's total GDP. Saudi Arabia has the 18th highest GDP. Within Asia, it ranks 6th out of 47 countries.

Saudi Arabia's GDP per capita fell to $24,917.19 in 2024, down from $25,634.82 in 2023.

Yearly Historical Data (1960-2024)

(in Trillion USD)
Year GDP (Trillion USD)
2024 1.24
2023 1.22
2022 1.24
2021 0.98
2020 0.77
2019 0.89
2018 0.89
2017 0.74
2016 0.69
2015 0.69
2014 0.79
2013 0.77
2012 0.75
2011 0.68
2010 0.53
2009 0.43
2008 0.52
2007 0.42
2006 0.38
2005 0.33
2004 0.26
2003 0.22
2002 0.19
2001 0.18
2000 0.19
1999 0.16
1998 0.15
1997 0.17
1996 0.16
1995 0.14
1994 0.14
1993 0.13
1992 0.14
1991 0.13
1990 0.12
1989 0.1
1988 0.09
1987 0.09
1986 0.09
1985 0.1
1984 0.12
1983 0.13
1982 0.15
1981 0.18
1980 0.16
1979 0.11
1978 0.08
1977 0.07
1976 0.06
1975 0.05
1974 0.05
1973 0.01
1972 0.01
1971 0.01
1970 0.01
1969 0
1968 0
1967 0
1966 0
1965 0
1964 0
1963 0
1962 0
1961 0
1960 0
Saudi Arabia GDP : Definition
GDP measures the total value of all goods and services produced in Saudi Arabia, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 1.81% 0.54% 2024
GDP Growth Rate (QoQ) 1.7% 1.1% Jun'25
GDP Growth Rate (YoY) 3.9% 3.4% Jun'25
GDP per Capita $24,917.19 $25,634.82 2024
GDP per Capita PPP $62,676.7 $64,481.84 2024
R&D Expenditure (% GDP) 0.56% 0.46% 2023
Real GDP $879.58B $863.96B 2024