Saudi Arabia 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$1.07 trillion
↓ 3.70% vs 2022GDP per Capita
$32,093.96
↓ 6.85% vs 2022GDP Growth (Annual %)
-0.75%
↓ 8.24pp vs 2022Inflation Rate (CPI %)
2.33%
↓ 0.15pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $1.11 trillion | $1.07 trillion | -3.70% |
| GDP per Capita | $34,454.20 | $32,093.96 | -6.85% |
| GDP Growth (Annual %) | 7.49% | -0.75% | -8.24pp |
| Inflation (CPI %) | 2.47% | 2.33% | -0.15pp |
| Unemployment Rate (%) | 5.59% | 4.01% | -1.58pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $1.07 trillion
- GDP per Capita
- $32,093.96
- GDP Growth (Annual %)
- -0.75%
- Gross National Income
- $1.07 trillion
Prices & Employment
- Inflation (CPI %)
- 2.33%
- Inflation (GDP Deflator %)
- -2.96%
- Unemployment Rate (%)
- 4.01%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 3.29%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Saudi Arabia's Gross Domestic Product (GDP) is $1.07 trillion. This represents the total value of goods and services produced in the country.
The GDP per capita in Saudi Arabia for 2023 is $32,093.96. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Saudi Arabia for 2023 is 2.33%. This measures the annual percentage change in the cost of consumer goods and services.
Saudi Arabia's annual GDP growth rate for 2023 is -0.75%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Saudi Arabia for 2023 is 4.01%. This represents the percentage of the labor force that is unemployed and actively seeking employment.