Services balance (credit less debit), Net (credits less debits) (US) in Saudi Arabia
Saudi Arabia: Services balance (credit less debit), Net (credits less debits) (US) was -46.47 billion in 2024. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Saudi Arabia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Saudi Arabia stood at -46.47 billion.
That represents a change of up 5.9% on the previous year and up 47.2% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Saudi Arabia peaked at -21.69 billion in 2005 and was at its lowest, -88.03 billion, in 2014.
Saudi Arabia ranks 194th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) (US) in Saudi Arabia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -21.69 billion | — |
| 2006 | -35.33 billion | +62.9% |
| 2007 | -46.66 billion | +32.1% |
| 2008 | -65.86 billion | +41.1% |
| 2009 | -65.24 billion | -0.9% |
| 2010 | -66.08 billion | +1.3% |
| 2011 | -66.49 billion | +0.6% |
| 2012 | -62.36 billion | -6.2% |
| 2013 | -64.81 billion | +3.9% |
| 2014 | -88.03 billion | +35.8% |
| 2015 | -73.56 billion | -16.4% |
| 2016 | -53.25 billion | -27.6% |
| 2017 | -59.97 billion | +12.6% |
| 2018 | -62.90 billion | +4.9% |
| 2019 | -54.45 billion | -13.4% |
| 2020 | -47.28 billion | -13.2% |
| 2021 | -63.48 billion | +34.3% |
| 2022 | -47.78 billion | -24.7% |
| 2023 | -49.40 billion | +3.4% |
| 2024 | -46.47 billion | -5.9% |
Saudi Arabia compared with similar countries
- Saudi Arabia's -46.47 billion is below the median for high income countries, which is 910.63 million. (72 countries reporting)
- Saudi Arabia's -46.47 billion is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 18.90 million. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -46.96 billion | -65.86 billion | -21.69 billion | 5 |
| 2010s | -65.19 billion | -88.03 billion | -53.25 billion | 10 |
| 2020s | -50.88 billion | -63.48 billion | -46.47 billion | 5 |
Countries ranked near Saudi Arabia
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 services balance (credit less debit), net (credits less debits) in Saudi Arabia?
- Services balance (credit less debit), net (credits less debits) in Saudi Arabia was -46.47 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Saudi Arabia?
- The highest recorded value was -21.69 billion in 2005.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Saudi Arabia?
- The lowest recorded value was -88.03 billion in 2014.
- How does Saudi Arabia rank for services balance (credit less debit), net (credits less debits)?
- Saudi Arabia ranks 194th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Saudi Arabia?
- Over the last ten years it is up 47.2%. 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 Services 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.