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General profile: Saudi Arabia

GENERAL INFORMATION FOR 2023
Exchange rate
Population
Population
Exchange rates
GDP
GDP
33.264 Millions
..
1 065 583 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 2 149 690 km²
2.33 %
-0.90 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-22.2 %
Merchandise exports growth rate in 2023
Total merchandise trade
(millions of US$)
2005
2010
2015
2023
Merchandise exports
180 711
251 143
(e) 203 550
320 018
Merchandise imports
59 459
106 863
174 676
206 940
Merchandise trade balance
121 252
144 280
(e) 28 875
113 079
Export structure by product group in 2023
(as % of total exports)
5 %5 %21 %21 %74 %74 %
Top 5 partners in 2023
(exports, millions of US$)
61 24134 80833 37531 91916 28661 24134 80833 37531 91916 286
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2023
Services exports
11 401
10 689
14 474
48 512
Services imports
33 095
76 772
88 036
96 011
Services trade balance
-21 694
-66 084
-73 562
-47 498
Services exports by main category²
(as % of total services)
2005
2010
2015
2023
Transport
16.0
19.1
19.7
13.3
Travel
40.5
62.8
70.0
74.2
Other services
43.5
18.2
10.3
12.5
TRADE INDICES
More data on UNCTADstat
182219160115135136117961001491581611571209615112512816818314911312812511289100150156158161131113160144145
ECONOMIC TRENDS
More data on UNCTADstat
-0.9 %
Gross domestic product growth rate in 2023
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
GDP, current
328 461
528 207
669 484
1 065 583
GDP per capita, current US$
15 976
20 996
22 335
32 034
Real GDP growth, y-on-y, %
5.57
5.04
4.69
-0.90
Current account balance, % of GDP
28.12
14.09
-7.86
3.20
Exchange rate (/US$)
3.750
3.750
3.750
..
GDP by expenditure in 2022
(as % of total GDP)
35.720.327.339.923.235.720.327.339.923.2
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+1.5 %
FDI outflows as % of GDP in 2023
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
FDI inflows
12 097.33
(k) 4 878.89
(k) 3 970.64
(k) 12 319.04
FDI outflows
-349.87
(k) 3 906.85
(k) 5 389.93
(k) 16 071.21
Personal remittances, % of GDP
0.03
0.04
0.05
..
Financial flows trends
(millions of US$)
287.0294.9302.3334.0334.9290.8307.5295.4273.3268.8245.9243.7236.5214.4216.2123.5105.612 31928 05523 1121 6213 07912 1411 01421 9553 9711 5093 3715 0354 6844 8794365 5066 1755 97612 0971 942778453504183FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2023
Balance, % of GDP
31.95
16.59
-4.38
7.45
Balance, % of imports
120.82
50.30
-11.85
27.24
Normalized balance
0.377
0.201
-0.063
0.120
Trade openness²
(sum of imports and exports as % of GDP)
62645850606262607080828385838596959085
LIVING AREA
Population by living area in 2023
(% of population)
Urban 85%Urban 85%Rural 15%Rural 15%
OTHER INDICATORS
More data on UNCTADstat
0.589 %
Share of the total world merchant fleet in 2023
Maritime transport indicators
 
2005
2010
2015
2023
Merchant fleet, national flag (thousands of DWT)
2 582
2 319
4 260
13 407
Container port throughput (TEU)
..
5 313 023
7 793 767
..
Information economy indicators
(as % of)
2005
2010
2015
2023
Share of ICT goods, % of total exports
0.07
0.11
0.16
..
Share of ICT goods, % of total imports
6.65
7.35
7.48
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UN Trade and Development, UNCTADstat (https://unctadstat.unctad.org/datacentre)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
k
Asset/liability basis.
q
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
No value reported or collected
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on the UNCTAD Data Hub do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in the UNCTAD Data Hub.
Generation date: 11 October 2024