[ Nominal GDP in billions of USD ]
Year -
$1,239.80 billions
Saudi Arabia GDP expanded from 1960 to 2024, increasing from $1.75 billion to $1,239.80 billion.The compound annual growth rate (CAGR) averaged 10.8% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 53.5%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 1,239.80 Billions | $ 2,519.57 Int Billions |
| Growth (YoY) | 1.741% | 4.463% |
| Net Change vs Previous Year | $ 21.22 Billion | $ 107.64 Int Billion |
| % of World GDP | 1.12% | 1.27% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 1.75 | - | - | - | - | - |
| 1961 | 1.92 | 0.17 | 9.878 % | - | - | - |
| 1962 | 2.13 | 0.21 | 10.922 % | - | - | - |
| 1963 | 2.21 | 0.08 | 3.604 % | - | - | - |
| 1964 | 2.37 | 0.16 | 7.448 % | - | - | - |
| 1965 | 2.65 | 0.28 | 11.643 % | - | - | - |
| 1966 | 2.92 | 0.27 | 10.295 % | - | - | - |
| 1967 | 3.26 | 0.34 | 11.521 % | - | - | - |
| 1968 | 4.19 | 0.93 | 28.577 % | - | - | - |
| 1969 | 4.49 | 0.3 | 7.116 % | - | - | - |
| 1970 | 5.38 | 0.89 | 19.875 % | - | - | - |
| 1971 | 7.18 | 1.81 | 33.613 % | - | - | - |
| 1972 | 9.66 | 2.48 | 34.51 % | - | - | - |
| 1973 | 14.95 | 5.28 | 54.667 % | - | - | - |
| 1974 | 45.41 | 30.47 | 203.818 % | - | - | - |
| 1975 | 46.77 | 1.36 | 2.995 % | - | - | - |
| 1976 | 64.01 | 17.23 | 36.843 % | - | - | - |
| 1977 | 74.19 | 10.18 | 15.91 % | - | - | - |
| 1978 | 80.27 | 6.08 | 8.192 % | - | - | - |
| 1979 | 111.86 | 31.59 | 39.358 % | - | - | - |
| 1980 | 164.54 | 52.68 | 47.097 % | - | - | - |
| 1981 | 184.29 | 19.75 | 12.004 % | - | - | - |
| 1982 | 153.24 | -31.05 | -16.849 % | - | - | - |
| 1983 | 129.17 | -24.07 | -15.706 % | - | - | - |
| 1984 | 119.63 | -9.55 | -7.391 % | - | - | - |
| 1985 | 103.9 | -15.73 | -13.147 % | - | - | - |
| 1986 | 86.96 | -16.94 | -16.301 % | - | - | - |
| 1987 | 85.7 | -1.27 | -1.456 % | - | - | - |
| 1988 | 88.26 | 2.56 | 2.988 % | - | - | - |
| 1989 | 95.34 | 7.09 | 8.032 % | - | - | - |
| 1990 | 117.63 | 22.29 | 23.374 % | 491.75 | - | - |
| 1991 | 132.22 | 14.59 | 12.406 % | 550.17 | 58.42 | 11.881 % |
| 1992 | 137.09 | 4.86 | 3.679 % | 588.49 | 38.31 | 6.964 % |
| 1993 | 132.97 | -4.12 | -3.005 % | 604.73 | 16.24 | 2.759 % |
| 1994 | 135.18 | 2.21 | 1.66 % | 623.52 | 18.8 | 3.109 % |
| 1995 | 143.34 | 8.17 | 6.043 % | 638.58 | 15.06 | 2.415 % |
| 1996 | 158.66 | 15.32 | 10.687 % | 671.76 | 33.18 | 5.196 % |
| 1997 | 165.96 | 7.3 | 4.602 % | 701.44 | 29.67 | 4.417 % |
| 1998 | 146.78 | -19.19 | -11.562 % | 729.21 | 27.77 | 3.959 % |
| 1999 | 161.72 | 14.94 | 10.18 % | 734.84 | 5.63 | 0.773 % |
| 2000 | 189.52 | 27.8 | 17.189 % | 786.94 | 52.1 | 7.09 % |
| 2001 | 184.14 | -5.38 | -2.837 % | 807.44 | 20.49 | 2.604 % |
| 2002 | 189.61 | 5.47 | 2.97 % | 814.34 | 6.9 | 0.855 % |
| 2003 | 215.81 | 26.2 | 13.819 % | 903.23 | 88.89 | 10.916 % |
| 2004 | 258.74 | 42.93 | 19.895 % | 1007.58 | 104.35 | 11.553 % |
| 2005 | 328.46 | 69.72 | 26.945 % | 1100.95 | 93.37 | 9.267 % |
| 2006 | 376.9 | 48.44 | 14.748 % | 1172.5 | 71.55 | 6.499 % |
| 2007 | 415.97 | 39.07 | 10.365 % | 1230.93 | 58.43 | 4.983 % |
| 2008 | 519.8 | 103.83 | 24.962 % | 1332.91 | 101.98 | 8.285 % |
| 2009 | 429.1 | -90.7 | -17.449 % | 1326.82 | -6.09 | -0.457 % |
| 2010 | 528.21 | 99.11 | 23.097 % | 1410.62 | 83.8 | 6.316 % |
| 2011 | 680.66 | 152.45 | 28.863 % | 1609.02 | 198.4 | 14.065 % |
| 2012 | 751.92 | 71.26 | 10.469 % | 1701.86 | 92.84 | 5.77 % |
| 2013 | 769.76 | 17.83 | 2.372 % | 1718.29 | 16.43 | 0.965 % |
| 2014 | 787.15 | 17.4 | 2.26 % | 1771.54 | 53.25 | 3.099 % |
| 2015 | 693.41 | -93.74 | -11.909 % | 1608.02 | -163.52 | -9.23 % |
| 2016 | 689.28 | -4.13 | -0.596 % | 1545.76 | -62.26 | -3.872 % |
| 2017 | 741.27 | 51.99 | 7.542 % | 1645.53 | 99.77 | 6.454 % |
| 2018 | 886.57 | 145.3 | 19.601 % | 1792.99 | 147.46 | 8.961 % |
| 2019 | 888.89 | 2.32 | 0.262 % | 1790.61 | -2.38 | -0.133 % |
| 2020 | 767.95 | -120.94 | -13.606 % | 1499.33 | -291.28 | -16.267 % |
| 2021 | 982.66 | 214.71 | 27.959 % | 1929.89 | 430.56 | 28.717 % |
| 2022 | 1239.08 | 256.42 | 26.094 % | 2315.59 | 385.7 | 19.986 % |
| 2023 | 1218.58 | -20.5 | -1.654 % | 2411.93 | 96.34 | 4.16 % |
| 2024 | 1239.8 | 21.22 | 1.741 % | 2519.57 | 107.64 | 4.463 % |
Between 1960 to 2024, Saudi Arabia experienced the following economic phases:
The most remarkable growth occurred in 1974 with an increase of 203.818%, while the largest decline was in 2009 at -17.449%.