What is the GDP of Saudi Arabia?

Saudi Arabia's GDP is approximately $1239.8 billion USD. The GDP growth rate is 2%.

What is the population of Saudi Arabia?

Saudi Arabia has a population of approximately 35.3 million people. The population growth rate is 4.6%.

What is the inflation rate in Saudi Arabia?

The inflation rate in Saudi Arabia is 1.7%.

What is the unemployment rate in Saudi Arabia?

The unemployment rate in Saudi Arabia is 3%.

What is the GDP per capita of Saudi Arabia?

Saudi Arabia's GDP per capita is approximately $35,122 USD.

Is Saudi Arabia a good country to invest in?

Saudi Arabia has an investment score of 63/100, classified as "Moderate" risk. Key sectors include Energy, Construction, Tourism. Credit rating: A.

How open is Saudi Arabia's economy to trade?

Saudi Arabia's trade openness (trade as % of GDP) is 55%. Exports total approximately $360.9B and imports $317B.

How much foreign investment does Saudi Arabia attract?

Foreign direct investment (FDI) in Saudi Arabia is 1.7% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Saudi Arabia?

Saudi Arabia's economy is composed of services (47% of GDP), industry (45% of GDP), and agriculture (3% of GDP).

Can I start a business in Saudi Arabia as a foreigner?

Saudi Arabia offers various options for foreign entrepreneurs. Visit our business setup guide for Saudi Arabia for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Saudi Arabia's economy growing?

Saudi Arabia's GDP growth rate is 2%. The economy is growing at a moderate pace.

🇸🇦

Saudi Arabia Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Middle East & North AfricaHigh IncomeCapital: RiyadhSAU

Moderate

Growing

1,239.8B USD

GDP (Nominal)

Growing at 2%

$35,122

GDP Per Capita

High income level

35.3M

Population

+4.6% annual growth

Stable

1.7%

Inflation

Price stability

55%of GDP

Trade Openness

1.7%of GDP

FDI Inflows

Public Debt

Low

Unemployment

Surplus

+$43.9B

Trade Balance

Currency & Exchange Rate

Currency

﷼ Saudi Riyal

SAR

Exchange Rate (1 USD)

﷼3.75

0.0% YoY(strengthened)

5-Year Change

0.0%

From ﷼3.75

Regime & Controls

pegged

Capital controls: limited

GDP

Billion USD, nominal

$1,239.8B

2024+21.2B

GDP Growth

Annual %

2024+1.5%

Inflation

Consumer prices, annual %

1.7%

2024-0.6%

Population

Millions

35.3M

2024+1.6M

Economic Structure

Services47%

Industry45%

Agriculture3%

Infrastructure80/100

Internet Speed

115 Mbps

Mobile: 55 Mbps

Logistics Index

3.4 /5.0

World Bank LPI

Electricity

95%

Reliability score

Connectivity

good

98% internet access

Investment Score Breakdown

Economic Health (30%)68

Political Safety (25%)50

Business Climate (20%)72

Financial Strength (15%)75

Growth Potential (10%)65

Key Sectors

Energy

40% of GDP

stable

Construction

6% of GDP

growing

Tourism

4% of GDP

growing

Technology

3% of GDP

growing

Should I Invest in Saudi Arabia?

HoldSetup: ComplexROI: Moderate

Saudi Arabia scores 63/100 on the NationsData Investment Index, rated "Moderate". Growth is healthy at 3.1%. Business setup takes approximately 30 days with a corporate tax rate of 20%.

Investment Score63/100

GDP Growth3.1%

Inflation2.3%

FDI/GDP1.5%

Public Debt24%

Political Stability-0.3

Corporate Tax20%

Ease of Business#62

Strengths

+Favorable business climate with reasonable regulation
+Healthy GDP growth at 3.1%
+Low inflation (2.3%) - stable pricing environment
+Low public debt (24% of GDP) - fiscal headroom
+100% foreign ownership allowed - no local partner required

Risks

-Moderate political risk - monitor regulatory changes closely

Best For

Premium services and luxury brandsDigital businesses and SaaS

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