Current account balance (credit less debit), Net (credits less) in Saudi Arabia
Saudi Arabia: Current account balance (credit less debit), Net (credits less) 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) 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% |
Saudi Arabia compared with similar countries
- Saudi Arabia's -2.74 billion is below the median for high income countries, which is 547.38 million. (72 countries reporting)
- Saudi Arabia's -2.74 billion is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 94.83 million. (20 countries reporting)
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 Democratic Republic of Congo -2.72 billion compare
- 163 Algeria -2.75 billion compare
- 164 West Bank and Gaza -2.90 billion compare
- 165 Moldova -3.01 billion compare
More financial sector data for Saudi Arabia
- Reserve position in the IMF, US dollar, annual growth rate 6.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.38 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.19 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.38 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.42 % change on previous year (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.