Gross Domestic Product — Value Standard Local Currency in Saudi Arabia
Saudi Arabia: Gross Domestic Product — Value Standard Local Currency was 4.07 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency 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 in Saudi Arabia is 4.07 million million SLC, measured in 2024.
That represents a change of up 1.6% on the previous year and up 41.4% over ten years.
Over the whole period, gross domestic product — value standard local currency in Saudi Arabia peaked at 4.16 million million SLC in 2022 and was at its lowest, 24,198 million SLC, in 1970.
Saudi Arabia ranks 75th of 218 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.
Gross Domestic Product — Value Standard Local Currency in Saudi Arabia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 24,198 million SLC | — |
| 1971 | 32,237 million SLC | +33.2% |
| 1972 | 40,056 million SLC | +24.3% |
| 1973 | 55,404 million SLC | +38.3% |
| 1974 | 161,216 million SLC | +191.0% |
| 1975 | 164,530 million SLC | +2.1% |
| 1976 | 225,940 million SLC | +37.3% |
| 1977 | 261,521 million SLC | +15.7% |
| 1978 | 272,871 million SLC | +4.3% |
| 1979 | 375,938 million SLC | +37.8% |
| 1980 | 547,381 million SLC | +45.6% |
| 1981 | 623,367 million SLC | +13.9% |
| 1982 | 525,334 million SLC | -15.7% |
| 1983 | 446,288 million SLC | -15.0% |
| 1984 | 421,558 million SLC | -5.5% |
| 1985 | 376,318 million SLC | -10.7% |
| 1986 | 322,020 million SLC | -14.4% |
| 1987 | 320,931 million SLC | -0.3% |
| 1988 | 330,519 million SLC | +3.0% |
| 1989 | 357,065 million SLC | +8.0% |
| 1990 | 440,525 million SLC | +23.4% |
| 1991 | 495,176 million SLC | +12.4% |
| 1992 | 513,394 million SLC | +3.7% |
| 1993 | 497,965 million SLC | -3.0% |
| 1994 | 506,230 million SLC | +1.7% |
| 1995 | 536,820 million SLC | +6.0% |
| 1996 | 594,191 million SLC | +10.7% |
| 1997 | 621,534 million SLC | +4.6% |
| 1998 | 550,408 million SLC | -11.4% |
| 1999 | 606,439 million SLC | +10.2% |
| 2000 | 710,681 million SLC | +17.2% |
| 2001 | 690,516 million SLC | -2.8% |
| 2002 | 711,022 million SLC | +3.0% |
| 2003 | 809,279 million SLC | +13.8% |
| 2004 | 970,284 million SLC | +19.9% |
| 2005 | 1.23 million million SLC | +26.8% |
| 2006 | 1.41 million million SLC | +14.7% |
| 2007 | 1.56 million million SLC | +10.4% |
| 2008 | 1.95 million million SLC | +25.0% |
| 2009 | 1.61 million million SLC | -17.4% |
| 2010 | 1.98 million million SLC | +23.1% |
| 2011 | 2.54 million million SLC | +28.1% |
| 2012 | 2.78 million million SLC | +9.6% |
| 2013 | 2.83 million million SLC | +1.6% |
| 2014 | 2.87 million million SLC | +1.7% |
| 2015 | 2.51 million million SLC | -12.7% |
| 2016 | 2.50 million million SLC | -0.5% |
| 2017 | 2.68 million million SLC | +7.4% |
| 2018 | 3.17 million million SLC | +18.4% |
| 2019 | 3.14 million million SLC | -0.9% |
| 2020 | 2.75 million million SLC | -12.4% |
| 2021 | 3.28 million million SLC | +19.1% |
| 2022 | 4.16 million million SLC | +26.8% |
| 2023 | 4.00 million million SLC | -3.7% |
| 2024 | 4.07 million million SLC | +1.6% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 4.07 million million SLC is above the median for high income countries, which is 257,567 million SLC, 15.8× the median. (72 countries reporting)
- Saudi Arabia's 4.07 million million SLC is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.54 million million SLC, 2.6× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency in Saudi Arabia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +191.0% | 55,404 million SLC | 161,216 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 161,391 million SLC | 24,198 million SLC | 375,938 million SLC | 10 |
| 1980s | 427,078 million SLC | 320,931 million SLC | 623,367 million SLC | 10 |
| 1990s | 536,268 million SLC | 440,525 million SLC | 621,534 million SLC | 10 |
| 2000s | 1.17 million million SLC | 690,516 million SLC | 1.95 million million SLC | 10 |
| 2010s | 2.70 million million SLC | 1.98 million million SLC | 3.17 million million SLC | 10 |
| 2020s | 3.65 million million SLC | 2.75 million million SLC | 4.16 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)
- 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 — value standard local currency in Saudi Arabia?
- Gross domestic product — value standard local currency in Saudi Arabia was 4.07 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 recorded in Saudi Arabia?
- The highest recorded value was 4.16 million million SLC in 2022.
- What is the lowest gross domestic product — value standard local currency recorded in Saudi Arabia?
- The lowest recorded value was 24,198 million SLC in 1970.
- How does Saudi Arabia rank for gross domestic product — value standard local currency?
- Saudi Arabia ranks 75th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Saudi Arabia?
- Over the last ten years it is up 41.4%. The long-run trend across the full record is volatile.
- 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. Statizoid updates them automatically from the source API.
Download this data
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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).