Current account balance (credit less debit), Net (credits less debits) in Saudi Arabia
Saudi Arabia: Current account balance (credit less debit), Net (credits less debits) was -2.74 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Saudi Arabia, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Saudi Arabia is -2.74 billion, measured in 2024.
The figure is down 107.8% on the previous year and down 103.4% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Saudi Arabia peaked at 173.66 billion in 2012 and was at its lowest, -52.64 billion, in 2015.
That places Saudi Arabia 162nd out of 198 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Saudi Arabia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 92.38 billion | — |
| 2006 | 103.09 billion | +11.6% |
| 2007 | 99.40 billion | -3.6% |
| 2008 | 139.74 billion | +40.6% |
| 2009 | 28.33 billion | -79.7% |
| 2010 | 74.41 billion | +162.6% |
| 2011 | 164.99 billion | +121.7% |
| 2012 | 173.66 billion | +5.3% |
| 2013 | 143.07 billion | -17.6% |
| 2014 | 80.26 billion | -43.9% |
| 2015 | -52.64 billion | -165.6% |
| 2016 | -24.45 billion | -53.5% |
| 2017 | 12.13 billion | -149.6% |
| 2018 | 72.96 billion | +501.7% |
| 2019 | 38.45 billion | -47.3% |
| 2020 | -25.55 billion | -166.4% |
| 2021 | 40.53 billion | -258.7% |
| 2022 | 150.35 billion | +270.9% |
| 2023 | 35.13 billion | -76.6% |
| 2024 | -2.74 billion | -107.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 92.59 billion | 28.33 billion | 139.74 billion | 5 |
| 2010s | 68.28 billion | -52.64 billion | 173.66 billion | 10 |
| 2020s | 39.55 billion | -25.55 billion | 150.35 billion | 5 |
Countries ranked near Saudi Arabia
- 159 Belgium -2.54 billion compare
- 160 South Africa -2.58 billion compare
- 161 Congo, Democratic Republic of the -2.72 billion compare
- 163 Algeria -2.75 billion compare
- 164 West Bank and Gaza -2.90 billion compare
- 165 Republic of Moldova -3.01 billion compare
More financial sector data for Saudi Arabia
- Total reserves in months of imports, annual growth rate 3.57 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 0.2687 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.2487 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 8,588 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 0.2472 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 9,081 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 3.7 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 9,976 SDR per person (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Saudi Arabia?
- Current account balance (credit less debit), net (credits less debits) in Saudi Arabia was -2.74 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Saudi Arabia?
- The highest recorded value was 173.66 billion in 2012.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Saudi Arabia?
- The lowest recorded value was -52.64 billion in 2015.
- How does Saudi Arabia rank for current account balance (credit less debit), net (credits less debits)?
- Saudi Arabia ranks 162nd out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Saudi Arabia?
- Over the last ten years it is down 103.4%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.