Goods balance (credit less debit), Net (credits less debits) in Saudi Arabia
Saudi Arabia: Goods balance (credit less debit), Net (credits less debits) 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) 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% |
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 Republic of 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
- 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 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.