Browse a full set of economic indicators

Saudi Arabia

Includes Saudi Arabia real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Economic indicators and data sets offering a full view of Saudi Arabia GDP and economy, international trade performance and finance sector. With links to rankings of the country’s best and safest banks. Updated October 2023

Saudi Arabia GDP Driven By Hydrocarbons—For Now

A key oil producer with over 15% of the world’s proven reserves, Saudi Arabia is undergoing a major economic transformation under its Vision 2030 plan. The program aims to diversify the economy away from oil, which accounts for about 60% of its public revenues and 75% of its exports. Accordingly, the government’s focus is raising the quality of human capital, improving public administration efficiency and attracting capital from abroad. It is a bourgeoning transport and logistics hub that links Asia, Europe and Africa, yet some concerns among foreign investors persist regarding transparency, political risk, and state involvement the economy.

Ayman Al Sayari, governor, Central Bank of Saudi Arabia

Central Bank Leadership

Ayman Al Sayari took the helm as governor of the Central Bank of Saudi Arabia in February 2023, so it is too soon to ….

— read more about Gov. Sayari, his predecessor and other governors in our 2023 Central Banker Report Cards

Saudi Arabia GDP and Economic Overview

Macroeconomy & Sovereign Data

Total Area 2,149,690 sq km
Type of Government Absolute Monarchy
Capital Riyadh
Total Population 35.5 million
Median Age 30.6
Adult Per Capita Income (PPP) USD 88,223
Total GDP USD 2.3 trillion
Central Bank Central Bank of Saudi Arabia (formerly SAMA)
Currency Saudi riyal (SAR)
Sovereign Ratings S&P A-
Moody’s A1
Fitch A+
International Reserves USD 402 billion
Stock Exchange Tadawul
Best Banks 2024 logo

Click here to see our pick for the Best Bank in Saudi Arabia—and all the Middle East

Highs and Lows

The impacts of both the coronavirus pandemic and the Ukraine-Russia war are clearly visible in the above chart contrasting Saudi Arabia’s GDP, inflation and unemployment. Lockdown drove a dramatic dip in both inflation and GDP, until the war-driven oil shock sent petroleum prices—and Saudi Arabia’s GDP—soaring again.

Trade & Investment

International Trade

Total Exports USD 160 billion
Leading Exports Crude petroleum
Refined petroleum
Industrial alcohols
Natural gas
Major Trade Partners – Exports United Arab Emirates
Other, unspecified
Total Imports USD 388 billion
Leading Imports Cars
Broadcasting equipment
Refined petroleum
Packaged medicines
Major Trade Partners – Imports China
United States
United Arab Emirates

Click here to find out Saudi Arabia’s best banks.

Saudi Arabia's Leading Companies

Largest Companies Saudi Aramco
The Saudi National Bank
Saudi Electricity
Saudi Telecom
Saudi Arabian Mining

An Economy Grounded In Strength

Compared to even its strongest regional neighbors, Saudi Arabia shows an economy with a temperate debt burden.

Global Finance Rankings & Awards: Saudi Arabia

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000