Goods balance (credit less debit), Net (credits less debits) (US) in Saudi Arabia
Saudi Arabia: Goods balance (credit less debit), Net (credits less debits) (US) was 89.72 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Saudi Arabia, 2005–2024
Source: International Monetary Fund.
Analysis
Saudi Arabia recorded 89.72 billion for goods balance (credit less debit), net (credits less debits) in 2024.
The figure is down 30.0% on the previous year and down 51.2% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Saudi Arabia peaked at 246.57 billion in 2012 and was at its lowest, 44.27 billion, in 2015.
Saudi Arabia ranks 9th of 198 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) (US) in Saudi Arabia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 126.02 billion | — |
| 2006 | 147.19 billion | +16.8% |
| 2007 | 150.63 billion | +2.3% |
| 2008 | 212.03 billion | +40.8% |
| 2009 | 105.23 billion | -50.4% |
| 2010 | 153.71 billion | +46.1% |
| 2011 | 244.74 billion | +59.2% |
| 2012 | 246.57 billion | +0.7% |
| 2013 | 222.56 billion | -9.7% |
| 2014 | 184.00 billion | -17.3% |
| 2015 | 44.27 billion | -75.9% |
| 2016 | 55.76 billion | +26.0% |
| 2017 | 98.46 billion | +76.6% |
| 2018 | 168.75 billion | +71.4% |
| 2019 | 121.34 billion | -28.1% |
| 2020 | 47.94 billion | -60.5% |
| 2021 | 136.46 billion | +184.6% |
| 2022 | 235.29 billion | +72.4% |
| 2023 | 128.22 billion | -45.5% |
| 2024 | 89.72 billion | -30.0% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 89.72 billion is above the median for high income countries, which is -810.36 million. (72 countries reporting)
- Saudi Arabia's 89.72 billion is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -3.29 billion. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 148.22 billion | 105.23 billion | 212.03 billion | 5 |
| 2010s | 154.01 billion | 44.27 billion | 246.57 billion | 10 |
| 2020s | 127.53 billion | 47.94 billion | 235.29 billion | 5 |
Countries ranked near Saudi Arabia
- 6 Switzerland 130.84 billion compare
- 7 South Korea 100.13 billion compare
- 8 Taiwan 99.42 billion compare
- 10 Netherlands 87.60 billion compare
- 11 Brazil 65.84 billion compare
- 12 Norway 64.54 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 goods balance (credit less debit), net (credits less debits) in Saudi Arabia?
- Goods balance (credit less debit), net (credits less debits) in Saudi Arabia was 89.72 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Saudi Arabia?
- The highest recorded value was 246.57 billion in 2012.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Saudi Arabia?
- The lowest recorded value was 44.27 billion in 2015.
- How does Saudi Arabia rank for goods balance (credit less debit), net (credits less debits)?
- Saudi Arabia ranks 9th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Saudi Arabia?
- Over the last ten years it is down 51.2%. The long-run trend across the full record is falling.
- Where does this Saudi Arabia data come from?
- The figures come from International Monetary Fund, published as part of Goods 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.