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Saudi Arabia Real GDP

Saudi Arabia's real GDP rose to $879.58 billion in 2024, up from $863.96 billion in 2023, according to World Bank. This represents an increase of 1.8% ($15.62 billion) from the previous year and accounts for 0.91% of the world's total real GDP. Saudi Arabia has the 19th highest real 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 Billion USD)
Year Real GDP (Billion USD)
2024 879.58
2023 863.96
2022 859.3
2021 767.23
2020 720.27
2019 748.76
2018 736.59
2017 713.57
2016 705.23
2015 693.41
2014 662.57
2013 636.94
2012 618.71
2011 585.01
2010 523.45
2009 498.34
2008 503.71
2007 474.14
2006 463.87
2005 448.99
2004 423.8
2003 390.12
2002 358.67
2001 361.16
2000 359.92
1999 343.7
1998 345.89
1997 336.46
1996 327.78
1995 317.3
1994 316.31
1993 313.33
1992 312.14
1991 298.47
1990 275.8
1989 252.04
1988 251
1987 235.46
1986 243.07
1985 240.64
1984 259.35
1983 270.18
1982 303.55
1981 361.83
1980 351.35
1979 332.1
1978 299.29
1977 298.77
1976 282.15
1975 244.87
1974 259.09
1973 223.16
1972 182.18
1971 153.37
1970 133.1
1969 87.23
1968 82.26
1967 76.41
1966 70.16
1965 64.85
1964 57.83
1963 53.17
1962 48.91
1961 43.7
1960 39.06
Saudi Arabia Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Saudi Arabia, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $1.24T $1.22T 2024
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