Current account balance (credit less debit), Percent of GDP (Balance) in Saudi Arabia
Saudi Arabia: Current account balance (credit less debit), Percent of GDP (Balance) was -2.81 in 2030. ◆ Volatile
Current account balance (credit less debit), Percent of GDP (Balance) in Saudi Arabia, 2000–2030
Source: International Monetary Fund.
Analysis
In 2030, current account balance (credit less debit), percent of gdp (balance) in Saudi Arabia stood at -2.81.
That represents a change of up 7.5% on the previous year and up 15.6% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Saudi Arabia peaked at 27.42 in 2005 and was at its lowest, -7.59, in 2015.
Saudi Arabia ranks 16th of 32 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Percent of GDP (Balance) in Saudi Arabia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 7.55 | — |
| 2001 | 5.08 | -32.8% |
| 2002 | 6.26 | +23.3% |
| 2003 | 13 | +107.6% |
| 2004 | 20.07 | +54.4% |
| 2005 | 27.42 | +36.6% |
| 2006 | 27.39 | -0.1% |
| 2007 | 23.91 | -12.7% |
| 2008 | 26.88 | +12.4% |
| 2009 | 6.6 | -75.4% |
| 2010 | 14.09 | +113.4% |
| 2011 | 24.23 | +72.0% |
| 2012 | 23.1 | -4.7% |
| 2013 | 18.59 | -19.5% |
| 2014 | 10.2 | -45.1% |
| 2015 | -7.59 | -174.5% |
| 2016 | -3.55 | -53.3% |
| 2017 | 1.64 | -146.1% |
| 2018 | 8.23 | +403.1% |
| 2019 | 4.33 | -47.4% |
| 2020 | -3.33 | -177.0% |
| 2021 | 4.12 | -223.9% |
| 2022 | 12.13 | +194.2% |
| 2023 | 2.88 | -76.2% |
| 2024 | -0.4638 | -116.1% |
| 2025 | -2.08 | +349.5% |
| 2026 | -2.49 | +19.4% |
| 2027 | -3.22 | +29.2% |
| 2028 | -3.14 | -2.2% |
| 2029 | -3.04 | -3.4% |
| 2030 | -2.81 | -7.5% |
Saudi Arabia compared with similar countries
- Saudi Arabia's -2.81 is below the median for high income countries, which is 6.79. (6 countries reporting)
- Saudi Arabia's -2.81 is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is -0.3292, 8.5× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.42 | 5.08 | 27.42 | 10 |
| 2010s | 9.33 | -7.59 | 24.23 | 10 |
| 2020s | 0.1377 | -3.33 | 12.13 | 10 |
| 2030s | -2.81 | -2.81 | -2.81 | 1 |
Countries ranked near Saudi Arabia
- 13 Tajikistan -1.98 compare
- 14 Kazakhstan -2.62 compare
- 15 Algeria -2.73 compare
- 17 Syria -2.84 compare
- 18 Morocco -2.96 compare
- 19 Turkmenistan -3.58 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), percent of gdp (balance) in Saudi Arabia?
- Current account balance (credit less debit), percent of gdp (balance) in Saudi Arabia was -2.81 in 2030, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Saudi Arabia?
- The highest recorded value was 27.42 in 2005.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Saudi Arabia?
- The lowest recorded value was -7.59 in 2015.
- How does Saudi Arabia rank for current account balance (credit less debit), percent of gdp (balance)?
- Saudi Arabia ranks 16th out of 32 countries with data for 2030.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Saudi Arabia?
- Over the last ten years it is up 15.6%. 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), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
The Middle East and Central Asia Department Regional Economic Outlook (MCDREO) provides information on recent economic developments and prospects for 32 countries and territories: Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Islamic Republic of Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tajikistan, Tunisia, Turkmenistan, United Arab Emirates, Uzbekistan, West Bank and Gaza, and Yemen. These countries and territories are divided into two main nonoverlapping groups, based on export earnings, namely (1) oil exporters; and (2) oil importers. The oil importers group comprises (1) emerging market and middle-income countries (EM&MI) and (2) low-income countries (LICs) based on the income level. Additional analytical and regional groups might be used to provide a more granular breakdown for analysis and continuity.