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Saudi Arabia: GDP (current US$)

In , Saudi Arabia's GDP (current US$) was $1.24 trillion.

That's up 1.7% from 2023, the highest value on record.

The global average for this indicator in 2024 was $572.20 billion . Saudi Arabia ranks #18 globally out of 192 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #1 of 19.

Source: World Bank Open Data (NY.GDP.MKTP.CD) • Data as of 2024

Trend (2005–2024)

Saudi Arabia GDP (current US$) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
$1.24T
Trough
$328.46B
1-year change
+1.7%
5-year change
+39.5%
+6.9% / yr
10-year change
+57.5%
+4.6% / yr

Real vs nominal growth

Over the last 10 years, Saudi Arabia's nominal GDP (current US$) changed by +57.5%, while real (inflation-adjusted) GDP (constant 2015 US$) changed by +33.0%. The +24.5 percentage-point gap is the combined effect of inflation and currency movement — only the real series isolates underlying economic growth.

Historical Data — Last 10 Years

Year GDP (current US$)
1.240T
1.219T
1.239T
982.661B
767.951B
888.890B
886.565B
741.266B
689.279B
693.414B

About GDP (current US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.CD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was Saudi Arabia's GDP (current US$) in 2024?
In 2024, Saudi Arabia's GDP (current US$) was $1.24 trillion, according to World Bank Open Data.
Is Saudi Arabia's GDP (current US$) rising or falling?
Saudi Arabia's GDP (current US$) rose 1.7% from 2023 to 2024.
How does Saudi Arabia rank globally on GDP (current US$)?
In 2024, Saudi Arabia ranked #18 out of 192 countries reporting GDP (current US$).
How does Saudi Arabia's GDP (current US$) compare to the world average?
The global average for GDP (current US$) in 2024 was $572.20 billion, so Saudi Arabia is above the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #1 of 19.
What is GDP (current US$) and how is it measured?
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
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Source: World Bank Open Data (NY.GDP.MKTP.CD), CC BY 4.0.