Gross domestic product (GDP) in Saudi Arabia
Saudi Arabia: Gross domestic product (GDP) was 1.96 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
1.96 trillion international-$ in 2021 prices
Change on year
down 3.7%
World rank
17th
of 184 countries
All-time high
2.12 trillion international-$ in 2021 prices
in 2014
All-time low
157.29 billion international-$ in 2021 prices
in 1970
Years of data
54
1970–2023
Gross domestic product (GDP) in Saudi Arabia, 1970–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Saudi Arabia stood at 1.96 trillion international-$ in 2021 prices.
The figure is down 3.7% on the previous year and down 5.9% over ten years.
Over the whole period, gross domestic product (gdp) in Saudi Arabia peaked at 2.12 trillion international-$ in 2021 prices in 2014 and was at its lowest, 157.29 billion international-$ in 2021 prices, in 1970.
Saudi Arabia ranks 17th of 184 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Saudi Arabia, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1970 | 157.29 billion international-$ in 2021 prices | — |
| 1971 | 185.15 billion international-$ in 2021 prices | +17.7% |
| 1972 | 218.25 billion international-$ in 2021 prices | +17.9% |
| 1973 | 258.48 billion international-$ in 2021 prices | +18.4% |
| 1974 | 345.90 billion international-$ in 2021 prices | +33.8% |
| 1975 | 324.79 billion international-$ in 2021 prices | -6.1% |
| 1976 | 382.62 billion international-$ in 2021 prices | +17.8% |
| 1977 | 400.26 billion international-$ in 2021 prices | +4.6% |
| 1978 | 394.34 billion international-$ in 2021 prices | -1.5% |
| 1979 | 416.41 billion international-$ in 2021 prices | +5.6% |
| 1980 | 455.96 billion international-$ in 2021 prices | +9.5% |
| 1981 | 468.50 billion international-$ in 2021 prices | +2.8% |
| 1982 | 403.37 billion international-$ in 2021 prices | -13.9% |
| 1983 | 363.73 billion international-$ in 2021 prices | -9.8% |
| 1984 | 349.59 billion international-$ in 2021 prices | -3.9% |
| 1985 | 291.72 billion international-$ in 2021 prices | -16.6% |
| 1986 | 303.88 billion international-$ in 2021 prices | +4.2% |
| 1987 | 291.80 billion international-$ in 2021 prices | -4.0% |
| 1988 | 313.42 billion international-$ in 2021 prices | +7.4% |
| 1989 | 310.90 billion international-$ in 2021 prices | -0.8% |
| 1990 | 342.86 billion international-$ in 2021 prices | +10.3% |
| 1991 | 380.76 billion international-$ in 2021 prices | +11.1% |
| 1992 | 411.11 billion international-$ in 2021 prices | +8.0% |
| 1993 | 414.45 billion international-$ in 2021 prices | +0.8% |
| 1994 | 402.56 billion international-$ in 2021 prices | -2.9% |
| 1995 | 408.81 billion international-$ in 2021 prices | +1.6% |
| 1996 | 422.44 billion international-$ in 2021 prices | +3.3% |
| 1997 | 437.05 billion international-$ in 2021 prices | +3.5% |
| 1998 | 401.35 billion international-$ in 2021 prices | -8.2% |
| 1999 | 452.66 billion international-$ in 2021 prices | +12.8% |
| 2000 | 520.04 billion international-$ in 2021 prices | +14.9% |
| 2001 | 503.96 billion international-$ in 2021 prices | -3.1% |
| 2002 | 543.81 billion international-$ in 2021 prices | +7.9% |
| 2003 | 593.73 billion international-$ in 2021 prices | +9.2% |
| 2004 | 699.90 billion international-$ in 2021 prices | +17.9% |
| 2005 | 855.82 billion international-$ in 2021 prices | +22.3% |
| 2006 | 1.00 trillion international-$ in 2021 prices | +17.2% |
| 2007 | 1.11 trillion international-$ in 2021 prices | +10.9% |
| 2008 | 1.40 trillion international-$ in 2021 prices | +25.7% |
| 2009 | 1.27 trillion international-$ in 2021 prices | -9.5% |
| 2010 | 1.55 trillion international-$ in 2021 prices | +22.3% |
| 2011 | 1.99 trillion international-$ in 2021 prices | +28.8% |
| 2012 | 2.11 trillion international-$ in 2021 prices | +5.9% |
| 2013 | 2.09 trillion international-$ in 2021 prices | -1.2% |
| 2014 | 2.12 trillion international-$ in 2021 prices | +1.6% |
| 2015 | 1.91 trillion international-$ in 2021 prices | -10.2% |
| 2016 | 1.80 trillion international-$ in 2021 prices | -5.3% |
| 2017 | 1.82 trillion international-$ in 2021 prices | +0.9% |
| 2018 | 1.91 trillion international-$ in 2021 prices | +4.8% |
| 2019 | 1.90 trillion international-$ in 2021 prices | -0.1% |
| 2020 | 1.77 trillion international-$ in 2021 prices | -6.8% |
| 2021 | 1.87 trillion international-$ in 2021 prices | +5.5% |
| 2022 | 2.04 trillion international-$ in 2021 prices | +8.9% |
| 2023 | 1.96 trillion international-$ in 2021 prices | -3.7% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 1.96 trillion international-$ in 2021 prices is above the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 7.1× the median. (66 countries reporting)
- Saudi Arabia's 1.96 trillion international-$ in 2021 prices is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 266.11 billion international-$ in 2021 prices, 7.4× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 308.35 billion international-$ in 2021 prices | 157.29 billion international-$ in 2021 prices | 416.41 billion international-$ in 2021 prices | 10 |
| 1980s | 355.29 billion international-$ in 2021 prices | 291.72 billion international-$ in 2021 prices | 468.50 billion international-$ in 2021 prices | 10 |
| 1990s | 407.41 billion international-$ in 2021 prices | 342.86 billion international-$ in 2021 prices | 452.66 billion international-$ in 2021 prices | 10 |
| 2000s | 849.72 billion international-$ in 2021 prices | 503.96 billion international-$ in 2021 prices | 1.40 trillion international-$ in 2021 prices | 10 |
| 2010s | 1.92 trillion international-$ in 2021 prices | 1.55 trillion international-$ in 2021 prices | 2.12 trillion international-$ in 2021 prices | 10 |
| 2020s | 1.91 trillion international-$ in 2021 prices | 1.77 trillion international-$ in 2021 prices | 2.04 trillion international-$ in 2021 prices | 4 |
Countries ranked near Saudi Arabia
- 14 Mexico 2.60 trillion international-$ in 2021 prices compare
- 15 Spain 2.19 trillion international-$ in 2021 prices compare
- 16 Canada 2.17 trillion international-$ in 2021 prices compare
- 18 Egypt 1.96 trillion international-$ in 2021 prices compare
- 19 Australia 1.70 trillion international-$ in 2021 prices compare
- 20 Thailand 1.65 trillion international-$ in 2021 prices compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 27.03 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0212 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 731.09 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 32.63 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 52.91 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0256 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 882.47 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 8.9 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Saudi Arabia?
- Gross domestic product (gdp) in Saudi Arabia was 1.96 trillion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Saudi Arabia?
- The highest recorded value was 2.12 trillion international-$ in 2021 prices in 2014.
- What is the lowest gross domestic product (gdp) recorded in Saudi Arabia?
- The lowest recorded value was 157.29 billion international-$ in 2021 prices in 1970.
- How does Saudi Arabia rank for gross domestic product (gdp)?
- Saudi Arabia ranks 17th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Saudi Arabia?
- Over the last ten years it is down 5.9%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.