Services balance (credit less debit), Net (credits less debits) in Saudi Arabia
Saudi Arabia: Services balance (credit less debit), Net (credits less debits) 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) 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% |
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
- Net domestic credit (current LCU), per capita 32,328 current LCU per person (2017)
- Net domestic credit (current LCU), per unit of GDP 1.35 current LCU per US$ of GDP (2017)
- Net domestic credit (current LCU), annual growth rate 21.57 % change on previous year (2017)
- Gold reserves at 35 SDRs per ounce 363.54 million SDR (2025)
- Gold reserves at market value 33.13 billion SDR (2025)
- Reserves excluding gold, foreign exchange 317.55 billion SDR (2025)
- Reserves excluding gold 335.74 billion SDR (2025)
- Total reserves (gold at market value) 368.87 billion SDR (2025)
- Total reserves (gold at national valuation) 336.06 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 9,089 SDR per person (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.