Saudi Arabia 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$1.09 trillion
↑ 2.47% vs 2023GDP per Capita
$32,887.30
↑ 2.47% vs 2023GDP Growth (Annual %)
2.47%
↑ 3.23pp vs 2023Inflation Rate (CPI %)
1.69%
↓ 0.64pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $1.07 trillion | $1.09 trillion | +2.47% |
| GDP per Capita | $32,093.96 | $32,887.30 | +2.47% |
| GDP Growth (Annual %) | -0.75% | 2.47% | +3.23pp |
| Inflation (CPI %) | 2.33% | 1.69% | -0.64pp |
| Unemployment Rate (%) | 4.01% | 3.90% | -0.11pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $1.09 trillion
- GDP per Capita
- $32,887.30
- GDP Growth (Annual %)
- 2.47%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 1.69%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 3.90%
- 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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Saudi Arabia's Gross Domestic Product (GDP) is $1.09 trillion. This represents the total value of goods and services produced in the country.
The GDP per capita in Saudi Arabia for 2024 is $32,887.30. 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 2024 is 1.69%. This measures the annual percentage change in the cost of consumer goods and services.
Saudi Arabia's annual GDP growth rate for 2024 is 2.47%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Saudi Arabia for 2024 is 3.90%. This represents the percentage of the labor force that is unemployed and actively seeking employment.