Overview
Discussions Key data points
Last release
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Observation period
2023
Next release
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Forecast
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Highest
1.11 T USD on Dec 31, 2022
Lowest
4.19 B USD on Dec 31, 1968
About Saudi Arabia GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
Related indicators
Frequently Asked Questions
One of the ways to count Saudi Arabia GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2023 Saudi Arabia GDP was 1.07 T USD, and the previous year it amounted to 1.11 T USD.
Saudi Arabia GDP accounts for 1.01% of the world GDP.
GDP per capita is gross domestic product divided by a country's population. In 2023 Saudi Arabia GDP per capita was 21.01 K USD, and in 2022 it amounted to 21.48 K USD.
Last quarter Saudi Arabia real GDP amounted to 867.10 B SAR, the quarter before that it was 847.77 B SAR.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure Saudi Arabia GDP has ever reached is 1.11 T USD.
The lowest ever value Saudi Arabia GDP has reached is 4.19 B USD.