Current account balance as a proportion of GDP in Saudi Arabia
Saudi Arabia: Current account balance as a proportion of GDP was -1.3% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Saudi Arabia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Saudi Arabia is -1.3%, measured in 2024.
Compared with earlier readings it is down 161.6% on the previous year and down 113.3% over ten years.
Over the whole period, current account balance as a proportion of gdp in Saudi Arabia peaked at 27.8% in 2008 and was at its lowest, -7.9%, in 2015.
Saudi Arabia ranks 107th of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Saudi Arabia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 7.6% | — |
| 2001 | 5.1% | -32.8% |
| 2002 | 6.3% | +23.3% |
| 2003 | 13.0% | +107.5% |
| 2004 | 20.1% | +54.4% |
| 2005 | 27.1% | +34.9% |
| 2006 | 27.4% | +1.4% |
| 2007 | 24.5% | -10.6% |
| 2008 | 27.8% | +13.4% |
| 2009 | 5.9% | -78.9% |
| 2010 | 13.5% | +130.1% |
| 2011 | 23.9% | +76.3% |
| 2012 | 22.8% | -4.3% |
| 2013 | 18.3% | -19.8% |
| 2014 | 9.9% | -46.2% |
| 2015 | -7.9% | -180.5% |
| 2016 | -3.9% | -50.7% |
| 2017 | 1.2% | -131.3% |
| 2018 | 7.9% | +544.6% |
| 2019 | 3.6% | -53.9% |
| 2020 | -4.5% | -223.9% |
| 2021 | 4.6% | -201.2% |
| 2022 | 11.7% | +156.7% |
| 2023 | 2.1% | -81.8% |
| 2024 | -1.3% | -161.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.5% | 5.1% | 27.8% | 10 |
| 2010s | 8.9% | -7.9% | 23.9% | 10 |
| 2020s | 2.5% | -4.5% | 11.7% | 5 |
Countries ranked near Saudi Arabia
More economy & growth data for Saudi Arabia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.26 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.52 Percent per annum (2029)
- Exports of goods and services (current LCU), annual growth rate 3.05 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 1.12 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 38,523 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 8.9 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.2104 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 7,266 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 0.1026 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.3011 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Saudi Arabia?
- Current account balance as a proportion of gdp in Saudi Arabia was -1.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Saudi Arabia?
- The highest recorded value was 27.8% in 2008.
- What is the lowest current account balance as a proportion of gdp recorded in Saudi Arabia?
- The lowest recorded value was -7.9% in 2015.
- How does Saudi Arabia rank for current account balance as a proportion of gdp?
- Saudi Arabia ranks 107th out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Saudi Arabia?
- Over the last ten years it is down 113.3%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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