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Saudi Arabia: Trade (% of GDP)

In , Saudi Arabia's Trade (% of GDP) was 54.68.

That's up 0.9% from 2023, the highest value since .

The global average for this indicator in 2024 was 92.19 . Saudi Arabia ranks #113 globally out of 160 reporting countries. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #11 of 16.

Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024

Trend (2005–2024)

Saudi Arabia Trade (% of GDP) 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
96.10
Trough
47.53
1-year change
+0.9%
5-year change
-3.7%
-0.8% / yr
10-year change
-29.9%
-3.5% / yr

Historical Data — Last 10 Years

Year Trade (% of GDP)
54.6787
54.1690
56.8242
50.8839
47.5332
56.7938
59.1029
59.5320
57.9217
67.1053

About Trade (% of GDP)

Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Indicator code: NE.TRD.GNFS.ZS • Category: Economy

Frequently asked questions

What was Saudi Arabia's Trade (% of GDP) in 2024?
In 2024, Saudi Arabia's Trade (% of GDP) was 54.68, according to World Bank Open Data.
Is Saudi Arabia's Trade (% of GDP) rising or falling?
Saudi Arabia's Trade (% of GDP) rose 0.9% from 2023 to 2024.
How does Saudi Arabia rank globally on Trade (% of GDP)?
In 2024, Saudi Arabia ranked #113 out of 160 countries reporting Trade (% of GDP).
How does Saudi Arabia's Trade (% of GDP) compare to the world average?
The global average for Trade (% of GDP) in 2024 was 92.19, so Saudi Arabia is below the world average. Within Middle East, North Africa, Afghanistan & Pakistan, it ranks #11 of 16.
What is Trade (% of GDP) and how is it measured?
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
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Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.