Money and business in the Middle East.

Countries

🇸🇦 Saudi Arabia

Riyadh · SAR

The Gulf's largest economy by GDP in 2024 (World Bank) and the world's largest crude oil exporter in 2024 (OPEC Annual Statistical Bulletin 2025), in the middle of a state-led diversification programme (Vision 2030) financed largely through the Public Investment Fund.

Verified · updated 3 Nov 2026

Key indicators

$1,276.94 bn

GDP (nominal)

World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator

$34,536.7

GDP per capita (nominal)

World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator

4.5%

Real GDP growth

World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator

-3.8%

Real GDP growth (quarterly, year on year)

General Authority for Statistics (GASTAT)·Q3 2026(estimate)·source dated 31 Oct 2026·updated 2 Nov 2026·About this indicator

2.0%

Inflation (CPI)

World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator

36.97 mn

Population

World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator

$32.63 bn

FDI net inflows

UNCTAD (UN Trade and Development)·2025·source dated 7 Jul 2026·updated 25 Oct 2026·About this indicator

$534.27 bn

Foreign exchange reserves

International Monetary Fund·Aug 2026·source dated 27 Oct 2026·updated 28 Oct 2026·About this indicator

-5.8%

Fiscal balance, central government (% of GDP)

Ministry of Finance — Saudi Arabia·FY2025 (actual)·undated source · read on 28 Oct 2026·updated 28 Oct 2026·About this indicator

31.8%

Public debt (% of GDP)

Ministry of Finance — Saudi Arabia·FY2025 (actual)·undated source · read on 28 Oct 2026·updated 28 Oct 2026·About this indicator

17 score (0-21 scale)

Sovereign credit rating (S&P-equivalent score)

Ministry of Finance — Saudi Arabia·Sep 2026·source dated 12 Sep 2026·updated 25 Oct 2026·About this indicator

Oil and gas

267.20 bn bbl

Proven crude oil reserves

OPEC Annual Statistical Bulletin·2025·source dated 29 Apr 2026·updated 25 Oct 2026·About this indicator

9.48 mb/d

Crude oil production

OPEC Annual Statistical Bulletin·2025·source dated 29 Apr 2026·updated 25 Oct 2026·About this indicator

7.276 mb/d

Crude oil production (monthly, OPEC secondary sources)

OPEC Monthly Oil Market Report·Aug 2026·source dated 10 Sep 2026·updated 24 Oct 2026·About this indicator

12.11 mb/d

Crude oil production capacity

International Energy Agency (IEA)·Aug 2026·source dated 11 Sep 2026·updated 4 Oct 2026·About this indicator

6.43 mb/d

Crude oil exports

OPEC Annual Statistical Bulletin·2025·source dated 29 Apr 2026·updated 25 Oct 2026·About this indicator

3.29 mb/d

Refining capacity

OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026·About this indicator

9,790 bcm

Proven natural gas reserves

OPEC Annual Statistical Bulletin·2025·source dated 29 Apr 2026·updated 25 Oct 2026·About this indicator

111.38 bcm

Marketed natural gas production

OPEC Annual Statistical Bulletin·2025·source dated 29 Apr 2026·updated 25 Oct 2026·About this indicator

Labour snapshot

3.0%

Unemployment rate (total)

World Bank, World Development Indicators·2025(estimate)·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator

6.5%

Unemployment rate (nationals)

General Authority for Statistics (GASTAT)·Q2 2026·source dated 30 Sep 2026·updated 2 Nov 2026·About this indicator

19.87%

Saudi share of private-sector employment

General Authority for Statistics (GASTAT)·Q2 2026 (preliminary)·source dated 30 Sep 2026·updated 4 Oct 2026·About this indicator

65.1%

Labour force participation (total)

World Bank, World Development Indicators·2025(estimate)·source dated 8 Oct 2026·updated 27 Oct 2026·About this indicator

48.7%

Labour force participation (nationals)

General Authority for Statistics (GASTAT)·Q2 2026·source dated 30 Sep 2026·updated 2 Nov 2026·About this indicator

Nationalisation programme

Ministry of Human Resources and Social Development

Saudization is applied through Nitaqat, which sets minimum shares of Saudi employees by sector and firm size, alongside sector-specific localisation decisions for professions such as engineering, accounting and retail.

Official source ↗

Sovereign funds

Major companies

Major projects

AI infrastructure

All verified values

Key indicatorsPeriodValueSource
Proven crude oil reserves2025267.20 bn bbl

OPEC Annual Statistical Bulletin·2025·source dated 29 Apr 2026·updated 25 Oct 2026

GDP (nominal)2025$1,276.94 bn

World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026

Proven crude oil reserves2024267.2 bn bbl

OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026

GDP (nominal)2024$1,254.14 bn

World Bank, World Development Indicators·2024·source dated 8 Oct 2026·updated 27 Oct 2026

Proven crude oil reserves2023267.23 bn bbl

OPEC Annual Statistical Bulletin·2023·source dated 2 Jul 2025·updated 4 Oct 2026

GDP (nominal)2023$1,218.58 bn

World Bank, World Development Indicators·2023·source dated 8 Oct 2026·updated 3 Nov 2026

GDP (nominal)2022$1,239.08 bn

World Bank, World Development Indicators·2022·source dated 8 Oct 2026·updated 3 Nov 2026

GDP (nominal)2021$982.66 bn

World Bank, World Development Indicators·2021·source dated 8 Oct 2026·updated 3 Nov 2026

GDP (nominal)2020$767.95 bn

World Bank, World Development Indicators·2020·source dated 8 Oct 2026·updated 3 Nov 2026

GDP (nominal)2019$888.89 bn

World Bank, World Development Indicators·2019·source dated 8 Oct 2026·updated 3 Nov 2026

GDP (nominal)2018$886.56 bn

World Bank, World Development Indicators·2018·source dated 8 Oct 2026·updated 3 Nov 2026

GDP (nominal)2017$741.27 bn

World Bank, World Development Indicators·2017·source dated 8 Oct 2026·updated 3 Nov 2026

GDP (nominal)2016$689.28 bn

World Bank, World Development Indicators·2016·source dated 8 Oct 2026·updated 3 Nov 2026

GDP (nominal)2015$693.41 bn

World Bank, World Development Indicators·2015·source dated 8 Oct 2026·updated 3 Nov 2026

GDP per capita (nominal)2025$34,536.7

World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026

GDP per capita (nominal)2024$35,527.8

World Bank, World Development Indicators·2024·source dated 8 Oct 2026·updated 27 Oct 2026

GDP per capita (nominal)2023$36,156.9

World Bank, World Development Indicators·2023·source dated 8 Oct 2026·updated 27 Oct 2026

GDP per capita (nominal)2022$38,510.2

World Bank, World Development Indicators·2022·source dated 8 Oct 2026·updated 27 Oct 2026

GDP per capita (nominal)2021$31,920.8

World Bank, World Development Indicators·2021·source dated 8 Oct 2026·updated 27 Oct 2026

GDP per capita (nominal)2020$24,338.8

World Bank, World Development Indicators·2020·source dated 8 Oct 2026·updated 27 Oct 2026

GDP per capita (nominal)2019$29,566.8

World Bank, World Development Indicators·2019·source dated 8 Oct 2026·updated 27 Oct 2026

GDP per capita (nominal)2018$29,360.1

World Bank, World Development Indicators·2018·source dated 8 Oct 2026·updated 27 Oct 2026

GDP per capita (nominal)2017$23,929.3

World Bank, World Development Indicators·2017·source dated 8 Oct 2026·updated 27 Oct 2026

GDP per capita (nominal)2016$22,267.7

World Bank, World Development Indicators·2016·source dated 8 Oct 2026·updated 27 Oct 2026

GDP per capita (nominal)2015$23,256.2

World Bank, World Development Indicators·2015·source dated 8 Oct 2026·updated 27 Oct 2026

Real GDP growth20254.5%

World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026

Crude oil production20259.48 mb/d

OPEC Annual Statistical Bulletin·2025·source dated 29 Apr 2026·updated 25 Oct 2026

Crude oil production20248.96 mb/d

OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026

Real GDP growth20242.6%

World Bank, World Development Indicators·2024·source dated 8 Oct 2026·updated 27 Oct 2026

Real GDP growth20230.5%

World Bank, World Development Indicators·2023·source dated 8 Oct 2026·updated 3 Nov 2026

Crude oil production20239.61 mb/d

OPEC Annual Statistical Bulletin·2023·source dated 2 Jul 2025·updated 4 Oct 2026

Real GDP growth202212.0%

World Bank, World Development Indicators·2022·source dated 8 Oct 2026·updated 3 Nov 2026

Real GDP growth20216.5%

World Bank, World Development Indicators·2021·source dated 8 Oct 2026·updated 3 Nov 2026

Real GDP growth2020-3.8%

World Bank, World Development Indicators·2020·source dated 8 Oct 2026·updated 3 Nov 2026

Real GDP growth20191.7%

World Bank, World Development Indicators·2019·source dated 8 Oct 2026·updated 3 Nov 2026

Real GDP growth20183.2%

World Bank, World Development Indicators·2018·source dated 8 Oct 2026·updated 3 Nov 2026

Real GDP growth20171.2%

World Bank, World Development Indicators·2017·source dated 8 Oct 2026·updated 3 Nov 2026

Real GDP growth20161.7%

World Bank, World Development Indicators·2016·source dated 8 Oct 2026·updated 3 Nov 2026

Real GDP growth20154.7%

World Bank, World Development Indicators·2015·source dated 8 Oct 2026·updated 3 Nov 2026

Real GDP growth (quarterly, year on year)Q3 2026 (estimate)-3.8%

General Authority for Statistics (GASTAT)·Q3 2026(estimate)·source dated 31 Oct 2026·updated 2 Nov 2026

Crude oil production (monthly, OPEC secondary sources)Aug 20267.276 mb/d

OPEC Monthly Oil Market Report·Aug 2026·source dated 10 Sep 2026·updated 24 Oct 2026

Crude oil production (monthly, OPEC secondary sources)Jul 20267.352 mb/d

OPEC Monthly Oil Market Report·Jul 2026·source dated 10 Sep 2026·updated 24 Oct 2026

Real GDP growth (quarterly, year on year)Q2 2026-4.7%

General Authority for Statistics (GASTAT)·Q2 2026·source dated 8 Sep 2026·updated 4 Oct 2026

Crude oil production (monthly, OPEC secondary sources)Jun 20266.762 mb/d

OPEC Monthly Oil Market Report·Jun 2026·source dated 10 Sep 2026·updated 24 Oct 2026

Real GDP growth (quarterly, year on year)Q1 20263.0%

General Authority for Statistics (GASTAT)·Q1 2026·source dated 9 Jun 2026·updated 4 Oct 2026

Crude oil production capacityAug 202612.11 mb/d

International Energy Agency (IEA)·Aug 2026·source dated 11 Sep 2026·updated 4 Oct 2026

Crude oil exports20256.43 mb/d

OPEC Annual Statistical Bulletin·2025·source dated 29 Apr 2026·updated 25 Oct 2026

Inflation (CPI)20252.0%

World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026

Inflation (CPI)20241.5%

World Bank, World Development Indicators·2024·source dated 8 Oct 2026·updated 27 Oct 2026

Crude oil exports20246.05 mb/d

OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026

Inflation (CPI)20232.5%

World Bank, World Development Indicators·2023·source dated 8 Oct 2026·updated 3 Nov 2026

Crude oil exports20236.66 mb/d

OPEC Annual Statistical Bulletin·2023·source dated 2 Jul 2025·updated 4 Oct 2026

Inflation (CPI)20222.5%

World Bank, World Development Indicators·2022·source dated 8 Oct 2026·updated 3 Nov 2026

Inflation (CPI)20213.1%

World Bank, World Development Indicators·2021·source dated 8 Oct 2026·updated 3 Nov 2026

Inflation (CPI)20203.2%

World Bank, World Development Indicators·2020·source dated 8 Oct 2026·updated 3 Nov 2026

Inflation (CPI)2019-2.0%

World Bank, World Development Indicators·2019·source dated 8 Oct 2026·updated 3 Nov 2026

Inflation (CPI)20182.5%

World Bank, World Development Indicators·2018·source dated 8 Oct 2026·updated 3 Nov 2026

Inflation (CPI)2017-0.9%

World Bank, World Development Indicators·2017·source dated 8 Oct 2026·updated 3 Nov 2026

Inflation (CPI)20162.9%

World Bank, World Development Indicators·2016·source dated 8 Oct 2026·updated 3 Nov 2026

Inflation (CPI)20151.2%

World Bank, World Development Indicators·2015·source dated 8 Oct 2026·updated 3 Nov 2026

Population202536.97 mn

World Bank, World Development Indicators·2025·source dated 8 Oct 2026·updated 27 Oct 2026

Population202435.30 mn

World Bank, World Development Indicators·2024·source dated 8 Oct 2026·updated 27 Oct 2026

Refining capacity20243.29 mb/d

OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026

Refining capacity20233.29 mb/d

OPEC Annual Statistical Bulletin·2023·source dated 2 Jul 2025·updated 4 Oct 2026

Population202333.70 mn

World Bank, World Development Indicators·2023·source dated 8 Oct 2026·updated 27 Oct 2026

Population202232.18 mn

World Bank, World Development Indicators·2022·source dated 8 Oct 2026·updated 27 Oct 2026

Population202130.78 mn

World Bank, World Development Indicators·2021·source dated 8 Oct 2026·updated 27 Oct 2026

Population202031.55 mn

World Bank, World Development Indicators·2020·source dated 8 Oct 2026·updated 27 Oct 2026

Population201930.06 mn

World Bank, World Development Indicators·2019·source dated 8 Oct 2026·updated 27 Oct 2026

Population201830.20 mn

World Bank, World Development Indicators·2018·source dated 8 Oct 2026·updated 27 Oct 2026

Population201730.98 mn

World Bank, World Development Indicators·2017·source dated 8 Oct 2026·updated 27 Oct 2026

Population201630.95 mn

World Bank, World Development Indicators·2016·source dated 8 Oct 2026·updated 27 Oct 2026

Population201529.82 mn

World Bank, World Development Indicators·2015·source dated 8 Oct 2026·updated 27 Oct 2026

Proven natural gas reserves20259,790 bcm

OPEC Annual Statistical Bulletin·2025·source dated 29 Apr 2026·updated 25 Oct 2026

Unemployment rate (total)2025 (estimate)3.0%

World Bank, World Development Indicators·2025(estimate)·source dated 8 Oct 2026·updated 27 Oct 2026

Unemployment rate (total)2024 (estimate)3.5%

World Bank, World Development Indicators·2024(estimate)·source dated 8 Oct 2026·updated 27 Oct 2026

Proven natural gas reserves20249,727 bcm

OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 4 Oct 2026

Unemployment rate (total)2023 (estimate)4.0%

World Bank, World Development Indicators·2023(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Proven natural gas reserves20239,651 bcm

OPEC Annual Statistical Bulletin·2023·source dated 2 Jul 2025·updated 4 Oct 2026

Unemployment rate (total)2022 (estimate)5.6%

World Bank, World Development Indicators·2022(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Unemployment rate (total)2021 (estimate)6.6%

World Bank, World Development Indicators·2021(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Unemployment rate (total)2020 (estimate)7.7%

World Bank, World Development Indicators·2020(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Unemployment rate (total)2019 (estimate)5.6%

World Bank, World Development Indicators·2019(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Unemployment rate (total)2018 (estimate)6.0%

World Bank, World Development Indicators·2018(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Unemployment rate (total)2017 (estimate)5.9%

World Bank, World Development Indicators·2017(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Unemployment rate (total)2016 (estimate)5.6%

World Bank, World Development Indicators·2016(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Unemployment rate (total)2015 (estimate)5.6%

World Bank, World Development Indicators·2015(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Unemployment rate (nationals)Q2 20266.5%

General Authority for Statistics (GASTAT)·Q2 2026·source dated 30 Sep 2026·updated 2 Nov 2026

Unemployment rate (nationals)Q1 20266.4%

General Authority for Statistics (GASTAT)·Q1 2026·source dated 30 Jun 2026·updated 25 Oct 2026

Unemployment rate (nationals)Q4 20257.2%

Saudi Press Agency·Q4 2025·source dated 31 Mar 2026·updated 4 Oct 2026

Saudi share of private-sector employmentQ2 2026 (preliminary)19.87%

General Authority for Statistics (GASTAT)·Q2 2026 (preliminary)·source dated 30 Sep 2026·updated 4 Oct 2026

Marketed natural gas production2025111.38 bcm

OPEC Annual Statistical Bulletin·2025·source dated 29 Apr 2026·updated 25 Oct 2026

Labour force participation (total)2025 (estimate)65.1%

World Bank, World Development Indicators·2025(estimate)·source dated 8 Oct 2026·updated 27 Oct 2026

Marketed natural gas production2024102.89 bcm

OPEC Annual Statistical Bulletin·2024·source dated 2 Jul 2025·updated 24 Oct 2026

Labour force participation (total)2024 (estimate)65.2%

World Bank, World Development Indicators·2024(estimate)·source dated 8 Oct 2026·updated 27 Oct 2026

Labour force participation (total)2023 (estimate)65.3%

World Bank, World Development Indicators·2023(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Marketed natural gas production202397.72 bcm

OPEC Annual Statistical Bulletin·2023·source dated 2 Jul 2025·updated 24 Oct 2026

Labour force participation (total)2022 (estimate)63.8%

World Bank, World Development Indicators·2022(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Labour force participation (total)2021 (estimate)63.5%

World Bank, World Development Indicators·2021(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Labour force participation (total)2020 (estimate)62.4%

World Bank, World Development Indicators·2020(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Labour force participation (total)2019 (estimate)61.2%

World Bank, World Development Indicators·2019(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Labour force participation (total)2018 (estimate)59.4%

World Bank, World Development Indicators·2018(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Labour force participation (total)2017 (estimate)59.0%

World Bank, World Development Indicators·2017(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Labour force participation (total)2016 (estimate)60.7%

World Bank, World Development Indicators·2016(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Labour force participation (total)2015 (estimate)59.7%

World Bank, World Development Indicators·2015(estimate)·source dated 8 Oct 2026·updated 3 Nov 2026

Labour force participation (nationals)Q2 202648.7%

General Authority for Statistics (GASTAT)·Q2 2026·source dated 30 Sep 2026·updated 2 Nov 2026

Labour force participation (nationals)Q1 202649.0%

General Authority for Statistics (GASTAT)·Q1 2026·source dated 30 Jun 2026·updated 25 Oct 2026

Labour force participation (nationals)Q4 202549.5%

Saudi Press Agency·Q4 2025·source dated 31 Mar 2026·updated 4 Oct 2026

FDI net inflows2025$32.63 bn

UNCTAD (UN Trade and Development)·2025·source dated 7 Jul 2026·updated 25 Oct 2026

FDI net inflows2024$21.3 bn

UNCTAD (UN Trade and Development)·2024·source dated 7 Jul 2026·updated 25 Oct 2026

Foreign exchange reservesAug 2026$534.27 bn

International Monetary Fund·Aug 2026·source dated 27 Oct 2026·updated 28 Oct 2026

Foreign exchange reservesJul 2026$530 bn

International Monetary Fund·Jul 2026·source dated 1 Oct 2026·updated 27 Oct 2026

Foreign exchange reservesend-2025$505.16 bn

International Monetary Fund·end-2025·source dated 1 Oct 2026·updated 27 Oct 2026

Foreign exchange reservesend-2024$463.87 bn

International Monetary Fund·end-2024·source dated 1 Oct 2026·updated 27 Oct 2026

Fiscal balance, central government (% of GDP)FY2025 (actual)-5.8%

Ministry of Finance — Saudi Arabia·FY2025 (actual)·undated source · read on 28 Oct 2026·updated 28 Oct 2026

Public debt (% of GDP)FY2025 (actual)31.8%

Ministry of Finance — Saudi Arabia·FY2025 (actual)·undated source · read on 28 Oct 2026·updated 28 Oct 2026

Sovereign credit rating (S&P-equivalent score)Sep 202617 score (0-21 scale)

Ministry of Finance — Saudi Arabia·Sep 2026·source dated 12 Sep 2026·updated 25 Oct 2026

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Sources

  1. OPEC Annual Statistical Bulletin · publications.opec.org
  2. World Bank, World Development Indicators · data.worldbank.org
  3. General Authority for Statistics (GASTAT) · stats.gov.sa
  4. OPEC Monthly Oil Market Report · opec.org
  5. International Energy Agency (IEA) · iea.org
  6. Saudi Press Agency · spa.gov.sa
  7. UNCTAD (UN Trade and Development) · unctad.org
  8. International Monetary Fund · api.imf.org
  9. Ministry of Finance — Saudi Arabia · mof.gov.sa