IvanStat

Gross Domestic Product (GDP) in Saudi Arabia

GDP of Saudi Arabia, 1970-2015

During 1970-2015 GDP of Saudi Arabia in current prices rose by 647.8 billion US dollars (in 121.5 times) to 653.2 billion US dollars; change occurred by 23.7 billion US dollars by increasing of people by 25.7 million, as well as by 624.2 billion US dollars by increasing of GDP per capita by 19 790.0 US dollars. The average annual growth of GDP of Saudi Arabia was 14.4 billion US dollars or 11.3%. The average annual growth of GDP of Saudi Arabia in constant prices was 3.7%. Share in the world increased by 0.72%. Share in Asia increased by 1.4%. Minimal GDP was in 1970 (5.4 billion US dollars). Maximal GDP was in 2014 (753.8 billion US dollars).

During 1970-2015 GDP per capita in Saudi Arabia increased by 19 790.0 US dollars (in 22.5 times) to 20 711.0 US dollars. The average annual growth of GDP per capita in current prices was 439.8 US dollars or 7.2%.

Change of GDP of Saudi Arabia described by linear regression model: y=13.3x-26 274.3, where y - estimated value of GDP of Saudi Arabia, x - year. Correlation rate = 0.845. Determination rate = 0.715.

GDP of Saudi Arabia, 1970

GDP of Saudi Arabia in 1970 was 5.4 billion US dollars, ranked 50th in the world and was on par with GDP of Cuba (5.7 bln. US dollars), GDP of Algeria (5.2 bln. US dollars), GDP of Puerto Rico (5.1 bln. US dollars). Share of Saudi Arabia in the world GDP was 0.16%.

GDP per capita in Saudi Arabia in 1970 was 921.0 US dollars, ranked 58th in the world and was on par with GDP per capita in Hong Kong (963.0 US dollars), GDP per capita in Suriname (960.0 US dollars), GDP per capita in Portugal (935.0 US dollars), GDP per capita in Singapore (925.0 US dollars), GDP per capita in Barbados (904.0 US dollars), GDP per capita in Uruguay (903.0 US dollars), GDP per capita in Palau (875.0 US dollars), GDP per capita in Trinidad and Tobago (869.0 US dollars), GDP per capita in Lebanon (866.0 US dollars), GDP per capita in Poland (862.0 US dollars). GDP per capita in Saudi Arabia was less than GDP per capita in the World (924.0 US dollars) by 3.0 US dollars.

Comparison of GDP in Saudi Arabia and the neighbors in 1970. GDP of Saudi Arabia was greater than GDP of United Arab Emirates (1.1 billion US dollars), GDP of Jordan (0.6 billion US dollars), GDP of Yemen (0.6 billion US dollars), GDP of Oman (0.3 billion US dollars), but was less than GDP of Iran (11.0 billion US dollars), GDP of Egypt (8.1 billion US dollars). GDP per capita in Saudi Arabia was greater than GDP per capita in Iran (385.0 US dollars), GDP per capita in Oman (371.0 US dollars), GDP per capita in Jordan (358.0 US dollars), GDP per capita in Egypt (234.0 US dollars), GDP per capita in Yemen (90.0 US dollars), but was less than GDP per capita in United Arab Emirates (4 475.0 US dollars).

Comparison of GDP in Saudi Arabia and leaders in 1970. GDP of Saudi Arabia was less than GDP of the United States (1 075.9 billion US dollars) in 200.1 times, GDP of Germany (215.0 billion US dollars) in 40.0 times, GDP of Japan (211.5 billion US dollars) in 39.3 times, GDP of the United Kingdom (130.7 billion US dollars) in 24.3 times, GDP of China (89.6 billion US dollars) in 16.7 times. GDP per capita in Saudi Arabia was greater than GDP per capita in China (111.0 US dollars) in 8.3 times, but was less than GDP per capita in the United States (5 136.0 US dollars) in 5.6 times, GDP per capita in Germany (2 744.0 US dollars) in 3.0 times, GDP per capita in the United Kingdom (2 350.0 US dollars) in 2.6 times, GDP per capita in Japan (2 040.0 US dollars) in 2.2 times.

Potential GDP of Saudi Arabia in 1970. With GDP per capita at the level of the United States (5 136.0 US dollars), GDP of Saudi Arabia would be 30.0 billion US dollars, it is in 5.6 times more than the actual level. With GDP per capita at the level of United Arab Emirates (4 475.0 US dollars), as the best neighbor, GDP of Saudi Arabia would be 26.1 billion US dollars, it is in 4.9 times more than the actual level. With GDP per capita at the level of the World (924.0 US dollars), GDP of Saudi Arabia would be 5.4 billion US dollars, it is by 0.33% more than the actual level.

GDP of Saudi Arabia, 2015

GDP of Saudi Arabia in 2015 was equal to 653.2 billion US dollars, ranked 20th in the world and was on par with GDP of Switzerland (670.8 bln. US dollars), GDP of Argentina (632.3 bln. US dollars). Share of Saudi Arabia in the world GDP was 0.88%.

GDP per capita in Saudi Arabia in 2015 was worth 20 711.0 US dollars, ranked 49th in the world and was on par with GDP per capita in Cyprus (21 942.0 US dollars), GDP per capita in Anguilla (21 824.3 US dollars), GDP per capita in Slovenia (20 690.0 US dollars), GDP per capita in Trinidad and Tobago (20 452.0 US dollars), GDP per capita in CuraƧao (20 049.9 US dollars). GDP per capita in Saudi Arabia was greater than GDP per capita in the World (10 098.0 US dollars) by 10 613.0 US dollars.

Comparison of GDP in Saudi Arabia and the neighbors in 2015. GDP of Saudi Arabia was greater than GDP of Iran (398.6 billion US dollars), GDP of United Arab Emirates (370.3 billion US dollars), GDP of Egypt (315.9 billion US dollars), GDP of Oman (69.8 billion US dollars), GDP of Jordan (37.5 billion US dollars), GDP of Yemen (29.7 billion US dollars). GDP per capita in Saudi Arabia was greater than GDP per capita in Oman (15 551.0 US dollars), GDP per capita in Iran (5 038.0 US dollars), GDP per capita in Jordan (4 940.0 US dollars), GDP per capita in Egypt (3 452.0 US dollars), GDP per capita in Yemen (1 106.0 US dollars), but was less than GDP per capita in United Arab Emirates (40 439.0 US dollars).

Comparison of GDP in Saudi Arabia and leaders in 2015. GDP of Saudi Arabia was less than GDP of the United States (18 036.6 billion US dollars) in 27.6 times, GDP of China (11 158.5 billion US dollars) in 17.1 times, GDP of Japan (4 383.1 billion US dollars) in 6.7 times, GDP of Germany (3 363.6 billion US dollars) in 5.1 times, GDP of the United Kingdom (2 858.0 billion US dollars) in 4.4 times. GDP per capita in Saudi Arabia was greater than GDP per capita in China (8 109.0 US dollars) in 2.6 times, but was less than GDP per capita in the United States (56 054.0 US dollars) in 2.7 times, GDP per capita in the United Kingdom (44 162.0 US dollars) in 2.1 times, GDP per capita in Germany (41 686.0 US dollars) in 2.0 times, GDP per capita in Japan (34 629.0 US dollars) by 67.2%.

Potential GDP of Saudi Arabia in 2015. With GDP per capita at the level of the United States (56 054.0 US dollars), GDP of Saudi Arabia would be 1 767.9 billion US dollars, it is in 2.7 times more than the actual level. With GDP per capita at the level of United Arab Emirates (40 439.0 US dollars), as the best neighbor, GDP of Saudi Arabia would be 1 275.4 billion US dollars, it is by 95.3% more than the actual level.

Size of GDP in Saudi Arabia

Gross Domestic Product (GDP) in Saudi Arabia, bln. US dollars
Prices197019801990200020102015
current prices5.4164.5117.5189.5526.8653.2
constant prices19705.414.812.215.821.927.9
200591.9253.1209.1269.8374.9477.7
Picture. Saudi Arabia: GDP Picture. GDP: share of Saudi Arabia in the world

GDP in Saudi Arabia and its neighbors, bln. $
Country197019801990200020102015
Saudi Arabia5.4164.5117.5189.5526.8653.2
Iran11.095.696.4109.6467.8398.6
United Arab Emirates1.143.650.7104.3286.2370.3
Egypt8.120.136.095.7214.6315.9
Oman0.276.311.619.458.669.8
Jordan0.594.04.08.526.437.5
Yemen0.552.04.010.930.929.7

GDP in Saudi Arabia and leaders, bln. $
Country197019801990200020102015
United States1 075.92 862.55 979.610 284.814 964.418 036.6
China89.6305.3398.61 214.96 066.411 158.5
Japan211.51 099.73 140.04 887.55 700.14 383.1
Germany215.0946.71 764.91 950.03 417.13 363.6
United Kingdom130.7565.01 093.21 635.42 429.72 858.0
Saudi Arabia5.4164.5117.5189.5526.8653.2

Growth of GDP in Saudi Arabia

Picture. Saudi Arabia: GDP, growth Picture. Saudi Arabia: GDP, growth

GDP per capita in Saudi Arabia

Picture. Saudi Arabia: GDP per capita Picture. Saudi Arabia: GDP per capita

GDP per capita in Saudi Arabia and its neighbors, $
Country197019801990200020102015
United Arab Emirates4 475.042 879.027 989.034 208.034 358.040 439.0
Saudi Arabia921.016 599.07 180.08 859.018 754.020 711.0
Oman371.05 419.06 377.08 685.019 921.015 551.0
Iran385.02 473.01 716.01 664.06 300.05 038.0
Jordan358.01 760.01 197.01 775.04 054.04 940.0
Egypt234.0464.0639.01 400.02 616.03 452.0
Yemen90.0245.3337.0611.01 310.01 106.0

GDP per capita in Saudi Arabia and leaders, $
Country197019801990200020102015
United States5 136.012 468.023 649.036 355.048 291.056 054.0
United Kingdom2 350.010 049.019 142.027 781.038 741.044 162.0
Germany2 744.012 113.022 353.023 810.042 483.041 686.0
Japan2 040.09 487.025 685.038 878.044 770.034 629.0
Saudi Arabia921.016 599.07 180.08 859.018 754.020 711.0
China111.0312.0345.0957.04 524.08 109.0

Structure of GDP in Saudi Arabia

Structure of GDP by expenditures, %
Yearconsumption expenditurecapital formationnet export
totalhousehold expendituregovernment expendituretotalfixed capital formation
197048.432.515.922.412.729.2
198040.925.015.922.920.736.2
199075.446.329.015.018.99.0
200062.236.325.918.617.418.6
201052.632.420.330.724.516.6
201569.940.429.632.728.2-2.6