Gross Domestic Product — Value Standard Local Currency, 2015 prices in Saudi Arabia
Saudi Arabia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 2.96 million million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Saudi Arabia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Saudi Arabia is 2.96 million million SLC, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 1.8% on the previous year and up 23.3% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Saudi Arabia peaked at 2.96 million million SLC in 2024 and was at its lowest, 490,484 million SLC, in 1970.
Saudi Arabia ranks 77th of 223 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Saudi Arabia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 490,484 million SLC | — |
| 1971 | 565,180 million SLC | +15.2% |
| 1972 | 671,349 million SLC | +18.8% |
| 1973 | 822,371 million SLC | +22.5% |
| 1974 | 954,769 million SLC | +16.1% |
| 1975 | 902,370 million SLC | -5.5% |
| 1976 | 1.04 million million SLC | +15.2% |
| 1977 | 1.10 million million SLC | +5.9% |
| 1978 | 1.10 million million SLC | +0.2% |
| 1979 | 1.22 million million SLC | +11.0% |
| 1980 | 1.29 million million SLC | +5.8% |
| 1981 | 1.33 million million SLC | +3.0% |
| 1982 | 1.12 million million SLC | -16.1% |
| 1983 | 995,620 million SLC | -11.0% |
| 1984 | 955,721 million SLC | -4.0% |
| 1985 | 886,796 million SLC | -7.2% |
| 1986 | 895,736 million SLC | +1.0% |
| 1987 | 867,673 million SLC | -3.1% |
| 1988 | 924,942 million SLC | +6.6% |
| 1989 | 928,782 million SLC | +0.4% |
| 1990 | 1.02 million million SLC | +9.4% |
| 1991 | 1.10 million million SLC | +8.2% |
| 1992 | 1.15 million million SLC | +4.6% |
| 1993 | 1.15 million million SLC | +0.4% |
| 1994 | 1.17 million million SLC | +1.0% |
| 1995 | 1.17 million million SLC | +0.3% |
| 1996 | 1.21 million million SLC | +3.3% |
| 1997 | 1.24 million million SLC | +2.6% |
| 1998 | 1.27 million million SLC | +2.8% |
| 1999 | 1.27 million million SLC | -0.6% |
| 2000 | 1.33 million million SLC | +4.7% |
| 2001 | 1.33 million million SLC | +0.3% |
| 2002 | 1.32 million million SLC | -0.7% |
| 2003 | 1.44 million million SLC | +8.8% |
| 2004 | 1.56 million million SLC | +8.6% |
| 2005 | 1.65 million million SLC | +5.9% |
| 2006 | 1.71 million million SLC | +3.3% |
| 2007 | 1.75 million million SLC | +2.2% |
| 2008 | 1.86 million million SLC | +6.2% |
| 2009 | 1.84 million million SLC | -1.1% |
| 2010 | 1.93 million million SLC | +5.0% |
| 2011 | 2.14 million million SLC | +11.0% |
| 2012 | 2.26 million million SLC | +5.4% |
| 2013 | 2.31 million million SLC | +2.5% |
| 2014 | 2.40 million million SLC | +3.8% |
| 2015 | 2.51 million million SLC | +4.5% |
| 2016 | 2.56 million million SLC | +1.9% |
| 2017 | 2.58 million million SLC | +0.9% |
| 2018 | 2.66 million million SLC | +3.2% |
| 2019 | 2.69 million million SLC | +1.1% |
| 2020 | 2.60 million million SLC | -3.6% |
| 2021 | 2.73 million million SLC | +5.1% |
| 2022 | 2.93 million million SLC | +7.5% |
| 2023 | 2.91 million million SLC | -0.8% |
| 2024 | 2.96 million million SLC | +1.8% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 2.96 million million SLC is above the median for high income countries, which is 202,758 million SLC, 14.6× the median. (73 countries reporting)
- Saudi Arabia's 2.96 million million SLC is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.17 million million SLC, 2.5× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 887,398 million SLC | 490,484 million SLC | 1.22 million million SLC | 10 |
| 1980s | 1.02 million million SLC | 867,673 million SLC | 1.33 million million SLC | 10 |
| 1990s | 1.17 million million SLC | 1.02 million million SLC | 1.27 million million SLC | 10 |
| 2000s | 1.58 million million SLC | 1.32 million million SLC | 1.86 million million SLC | 10 |
| 2010s | 2.40 million million SLC | 1.93 million million SLC | 2.69 million million SLC | 10 |
| 2020s | 2.83 million million SLC | 2.60 million million SLC | 2.96 million million SLC | 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)
- SDRs holdings, US dollar, annual growth rate 4.62 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0168 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 580.45 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.3713 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0123 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 423.84 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.52 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.008 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Saudi Arabia?
- Gross domestic product — value standard local currency, 2015 prices in Saudi Arabia was 2.96 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Saudi Arabia?
- The highest recorded value was 2.96 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Saudi Arabia?
- The lowest recorded value was 490,484 million SLC in 1970.
- How does Saudi Arabia rank for gross domestic product — value standard local currency, 2015 prices?
- Saudi Arabia ranks 77th out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Saudi Arabia?
- Over the last ten years it is up 23.3%. The long-run trend across the full record is rising.
- Where does this Saudi Arabia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).