Saudi Arabia: Merchandise imports from high-income economies (% of total merchandise imports)
In , Saudi Arabia's Merchandise imports from high-income economies (% of total merchandise imports) was 56.97.
That's up 1.7% from 2022, the highest value since .
The global average for this indicator in 2023 was 58.25 . Saudi Arabia ranks #110 globally out of 205 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #12 of 23.
Source: World Bank Open Data (TM.VAL.MRCH.HI.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 75.44
- Trough
- 55.99
- 1-year change
- +1.7%
- 5-year change
- -10.3%
- -2.2% / yr
- 10-year change
- -14.3%
- -1.5% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from high-income economies (% of total merchandise imports) |
|---|---|
| 56.9657 | |
| 55.9917 | |
| 59.0433 | |
| 58.3393 | |
| 59.8480 | |
| 63.5417 | |
| 63.0848 | |
| 64.3955 | |
| 65.4327 | |
| 65.3350 |
About Merchandise imports from high-income economies (% of total merchandise imports)
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Indicator code: TM.VAL.MRCH.HI.ZS • Category: Trade & Finance
Frequently asked questions
- What was Saudi Arabia's Merchandise imports from high-income economies (% of total merchandise imports) in 2023?
- In 2023, Saudi Arabia's Merchandise imports from high-income economies (% of total merchandise imports) was 56.97, according to World Bank Open Data.
- Is Saudi Arabia's Merchandise imports from high-income economies (% of total merchandise imports) rising or falling?
- Saudi Arabia's Merchandise imports from high-income economies (% of total merchandise imports) rose 1.7% from 2022 to 2023.
- How does Saudi Arabia rank globally on Merchandise imports from high-income economies (% of total merchandise imports)?
- In 2023, Saudi Arabia ranked #110 out of 205 countries reporting Merchandise imports from high-income economies (% of total merchandise imports).
- How does Saudi Arabia's Merchandise imports from high-income economies (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from high-income economies (% of total merchandise imports) in 2023 was 58.25, so Saudi Arabia is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #12 of 23.
- What is Merchandise imports from high-income economies (% of total merchandise imports) and how is it measured?
- Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Source: World Bank Open Data (TM.VAL.MRCH.HI.ZS), CC BY 4.0.