Current account balance as a share of GDP in Saudi Arabia
Saudi Arabia: Current account balance as a share of GDP was -1.3% in 2024. ◆ Volatile
Current account balance as a share of GDP in Saudi Arabia, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, current account balance as a share of gdp in Saudi Arabia stood at -1.3%.
That represents a change of down 161.5% on the previous year and down 113.3% over ten years.
Over the whole period, current account balance as a share of gdp in Saudi Arabia peaked at 27.8% in 2008 and was at its lowest, -7.9%, in 2015.
That places Saudi Arabia 101st out of 193 countries with data for 2024, putting it 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 share of GDP in Saudi Arabia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 7.5% | — |
| 2001 | 5.1% | -32.7% |
| 2002 | 6.3% | +23.2% |
| 2003 | 13.0% | +107.7% |
| 2004 | 20.1% | +54.4% |
| 2005 | 27.1% | +34.9% |
| 2006 | 27.4% | +1.4% |
| 2007 | 24.6% | -10.5% |
| 2008 | 27.8% | +13.4% |
| 2009 | 5.9% | -78.9% |
| 2010 | 13.5% | +130.3% |
| 2011 | 23.9% | +76.4% |
| 2012 | 22.9% | -4.3% |
| 2013 | 18.3% | -19.8% |
| 2014 | 9.9% | -46.2% |
| 2015 | -7.9% | -180.5% |
| 2016 | -3.9% | -50.8% |
| 2017 | 1.2% | -131.5% |
| 2018 | 7.9% | +542.3% |
| 2019 | 3.6% | -53.9% |
| 2020 | -4.5% | -224.2% |
| 2021 | 4.6% | -201.1% |
| 2022 | 11.7% | +156.7% |
| 2023 | 2.1% | -81.8% |
| 2024 | -1.3% | -161.5% |
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)
- Manufacturing, value added (constant LCU), per capita 21,675 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -3.14 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.4297 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 14,841 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual -3.14 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 1.61 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 55,654 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 3.03 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Saudi Arabia?
- Current account balance as a share of gdp in Saudi Arabia was -1.3% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Saudi Arabia?
- The highest recorded value was 27.8% in 2008.
- What is the lowest current account balance as a share 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 share of gdp?
- Saudi Arabia ranks 101st out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).