GDP

GDP of Saudi Arabia in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“Australia with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 64814, and the growth rate in 2022 is 3.7%.”

Population

34.269 million

Land Size

2149690 km²

GDP

1.11 trillion

GDP Per Capita

34441 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
35.7%
Government Expneidutre
20.3%
Capital Formation
25%
Export
39.9%
Import
23.2%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
2.7%
Industry
55.4%
Manufacturing
12.4%
Service
29.3%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Unemployment

5.6 %

Inflation

2.5 %

Urbanization

84.1 %

TFR

2.3 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %