Middle East, North Africa, Afghanistan & Pakistan
Saudi Arabia GDP
Gross Domestic Product in current US dollars.
Latest Value
$1.24T
As of 2024
YoY Change
+1.7%
2023 → 2024
Record High
$1.24T
Recorded in 2024
Record Low
$1.75B
Recorded in 1960
10-Year Average
$934.75B
2015–2024
Data Range
1960–2024
65 data points
Source
World Bank
Code: NY.GDP.MKTP.CD
Historical Trend
Analysis
Saudi Arabia's GDP of 1,239,800,000,000 current US$ in 2024 highlights the country's significant economic presence globally, driven predominantly by its large oil reserves. The country's economy has been transitioning towards diversification to reduce dependence on oil exports. This diversification effort aims to promote growth in other sectors such as manufacturing, tourism, and technology.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | $1.24T | $21.22B | +1.7% |
| 2023 | $1.22T | $20.49B | -1.7% |
| 2022 | $1.24T | $256.41B | +26.1% |
| 2021 | $982.66B | $214.71B | +28.0% |
| 2020 | $767.95B | $120.94B | -13.6% |
| 2019 | $888.89B | $2.33B | +0.3% |
| 2018 | $886.56B | $145.30B | +19.6% |
| 2017 | $741.27B | $51.99B | +7.5% |
| 2016 | $689.28B | $4.13B | -0.6% |
| 2015 | $693.41B | $93.74B | -11.9% |
Source: World Bank Open Data · 1960–2024
Neighbouring Countries Ranking
Middle East, North Africa, Afghanistan & Pakistan · GDP
