Gross Domestic Product — Value US$ in Saudi Arabia
Saudi Arabia: Gross Domestic Product — Value US$ was 1.08 million million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Saudi Arabia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Saudi Arabia recorded 1.08 million million USD for gross domestic product — value us$ in 2024.
The figure is up 1.6% on the previous year and up 41.4% over ten years.
Over the whole period, gross domestic product — value us$ in Saudi Arabia peaked at 1.11 million million USD in 2022 and was at its lowest, 5,377 million USD, in 1970.
That places Saudi Arabia 18th out of 203 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Saudi Arabia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 5,377 million USD | — |
| 1971 | 7,185 million USD | +33.6% |
| 1972 | 9,664 million USD | +34.5% |
| 1973 | 14,948 million USD | +54.7% |
| 1974 | 45,413 million USD | +203.8% |
| 1975 | 46,773 million USD | +3.0% |
| 1976 | 64,006 million USD | +36.8% |
| 1977 | 74,189 million USD | +15.9% |
| 1978 | 80,267 million USD | +8.2% |
| 1979 | 111,859 million USD | +39.4% |
| 1980 | 164,540 million USD | +47.1% |
| 1981 | 184,291 million USD | +12.0% |
| 1982 | 153,240 million USD | -16.8% |
| 1983 | 129,181 million USD | -15.7% |
| 1984 | 119,631 million USD | -7.4% |
| 1985 | 103,894 million USD | -13.2% |
| 1986 | 86,886 million USD | -16.4% |
| 1987 | 85,582 million USD | -1.5% |
| 1988 | 88,138 million USD | +3.0% |
| 1989 | 95,217 million USD | +8.0% |
| 1990 | 117,473 million USD | +23.4% |
| 1991 | 132,047 million USD | +12.4% |
| 1992 | 136,905 million USD | +3.7% |
| 1993 | 132,791 million USD | -3.0% |
| 1994 | 134,995 million USD | +1.7% |
| 1995 | 143,152 million USD | +6.0% |
| 1996 | 158,451 million USD | +10.7% |
| 1997 | 165,742 million USD | +4.6% |
| 1998 | 146,775 million USD | -11.4% |
| 1999 | 161,717 million USD | +10.2% |
| 2000 | 189,515 million USD | +17.2% |
| 2001 | 184,138 million USD | -2.8% |
| 2002 | 189,606 million USD | +3.0% |
| 2003 | 215,808 million USD | +13.8% |
| 2004 | 258,742 million USD | +19.9% |
| 2005 | 328,206 million USD | +26.8% |
| 2006 | 376,398 million USD | +14.7% |
| 2007 | 415,687 million USD | +10.4% |
| 2008 | 519,797 million USD | +25.0% |
| 2009 | 429,098 million USD | -17.4% |
| 2010 | 528,207 million USD | +23.1% |
| 2011 | 676,635 million USD | +28.1% |
| 2012 | 741,850 million USD | +9.6% |
| 2013 | 753,865 million USD | +1.6% |
| 2014 | 766,606 million USD | +1.7% |
| 2015 | 669,484 million USD | -12.7% |
| 2016 | 666,000 million USD | -0.5% |
| 2017 | 714,995 million USD | +7.4% |
| 2018 | 846,584 million USD | +18.4% |
| 2019 | 838,565 million USD | -0.9% |
| 2020 | 734,271 million USD | -12.4% |
| 2021 | 874,156 million USD | +19.1% |
| 2022 | 1.11 million million USD | +26.8% |
| 2023 | 1.07 million million USD | -3.7% |
| 2024 | 1.08 million million USD | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 45,968 million USD | 5,377 million USD | 111,859 million USD | 10 |
| 1980s | 121,060 million USD | 85,582 million USD | 184,291 million USD | 10 |
| 1990s | 143,005 million USD | 117,473 million USD | 165,742 million USD | 10 |
| 2000s | 310,700 million USD | 184,138 million USD | 519,797 million USD | 10 |
| 2010s | 720,279 million USD | 528,207 million USD | 846,584 million USD | 10 |
| 2020s | 973,751 million USD | 734,271 million USD | 1.11 million million USD | 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)
- Gross domestic savings (current US$), annual growth rate -0.7248 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.332 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 11,465 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate -0.7251 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 1.24 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 42,994 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 4.96 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.04 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Saudi Arabia?
- Gross domestic product — value us$ in Saudi Arabia was 1.08 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Saudi Arabia?
- The highest recorded value was 1.11 million million USD in 2022.
- What is the lowest gross domestic product — value us$ recorded in Saudi Arabia?
- The lowest recorded value was 5,377 million USD in 1970.
- How does Saudi Arabia rank for gross domestic product — value us$?
- Saudi Arabia ranks 18th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ 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 US$. 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).