Saudi Arabia Total Trade of Goods & Services: % of Nominal GDP

2003 - 2024 | Quarterly | % | CEIC Data

Key information about Saudi Arabia Total Trade of Goods and Services: % of Nominal GDP

  • Saudi Arabia Total Trade of Goods & Services: % of Nominal GDP recorded 60.972 % in Jun 2024, compared with 60.987 % in the previous quarter.
  • Saudi Arabia Total Trade of Goods & Services: % of Nominal GDP data is updated quarterly, available from Mar 2003 to Jun 2024, with an averaged value of 74.329 %.
  • The data reached an all-time high of 99.375 % in Dec 2007 and a record low of 45.901 % in Sep 2020.

CEIC calculates quarterly Total Trade of Goods and Services as % of Nominal GDP from quarterly Total Trade of Goods and Services and quarterly Nominal GDP. General Authority for Statistics provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency.

View Saudi Arabia's Total Trade of Goods & Services: % of Nominal GDP from Mar 2003 to Jun 2024 in the chart:

Saudi Arabia Total Trade of Goods & Services: % of Nominal GDP

What was Saudi Arabia's Total Trade of Goods & Services: % of Nominal GDP in Jun 2024?

Saudi Arabia Total Trade of Goods & Services: % of Nominal GDP recorded 60.972 % in Jun 2024, compared with 60.987 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
60.972 Jun 2024 60.987 Mar 2024 45.901 Sep 2020 99.375 Dec 2007 % quarterly Mar 2003 - Jun 2024

Total Trade of Goods & Services: % of Nominal GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 75.855 Jun 2024 quarterly Mar 2008 - Jun 2024
Algeria (%) 46.195 2023 yearly 1950 - 2023
Argentina (%) 27.984 Sep 2024 quarterly Mar 1993 - Sep 2024
Armenia (%) 122.798 Sep 2024 quarterly Dec 1994 - Sep 2024
Australia (%) 46.221 Sep 2024 quarterly Sep 1959 - Sep 2024
Austria (%) 112.450 Sep 2024 quarterly Mar 1964 - Sep 2024
Azerbaijan (%) 79.056 Mar 2024 quarterly Mar 2001 - Mar 2024
Bahrain (%) 166.346 2022 yearly 1975 - 2022
Bangladesh (%) 28.888 2024 yearly 1960 - 2024
Belarus (%) 133.539 Jun 2024 quarterly Mar 1995 - Jun 2024
Belgium (%) 156.631 Jun 2024 quarterly Mar 1980 - Jun 2024
Bolivia (%) 48.213 Jun 2024 quarterly Mar 1990 - Jun 2024
Bosnia and Herzegovina (%) 89.713 Jun 2024 quarterly Mar 2008 - Jun 2024
Botswana (%) 68.508 Jun 2024 quarterly Mar 1994 - Jun 2024
Brazil (%) 37.844 Sep 2024 quarterly Mar 1996 - Sep 2024
Brunei (%) 136.661 Jun 2024 quarterly Mar 2004 - Jun 2024
Bulgaria (%) 109.216 Sep 2024 quarterly Mar 1995 - Sep 2024
Cambodia (%) 145.874 2022 yearly 1988 - 2022
Canada (%) 62.349 Sep 2024 quarterly Mar 1961 - Sep 2024
Chile (%) 65.558 Sep 2024 quarterly Mar 1990 - Sep 2024
China (%) 38.986 Sep 2024 quarterly Mar 1998 - Sep 2024
Colombia (%) 37.049 Sep 2024 quarterly Mar 2005 - Sep 2024
Croatia (%) 110.838 Sep 2024 quarterly Mar 1995 - Sep 2024
Cyprus (%) 180.045 Sep 2024 quarterly Mar 1995 - Sep 2024
Czech Republic (%) 126.625 Sep 2024 quarterly Mar 1995 - Sep 2024
Denmark (%) 130.356 Sep 2024 quarterly Mar 1977 - Sep 2024
Ecuador (%) 57.813 Jun 2024 quarterly Mar 1991 - Jun 2024
Egypt (%) 52.182 Jun 2024 quarterly Sep 2001 - Jun 2024
Estonia (%) 146.856 Sep 2024 quarterly Mar 1995 - Sep 2024
European Union (%) 98.511 Jun 2024 quarterly Mar 1995 - Jun 2024
Finland (%) 82.049 Sep 2024 quarterly Mar 1970 - Sep 2024
France (%) 67.009 Sep 2024 quarterly Mar 1975 - Sep 2024
Georgia (%) 104.752 Jun 2024 quarterly Mar 1996 - Jun 2024
Germany (%) 81.411 Jun 2024 quarterly Mar 1991 - Jun 2024
Ghana (%) 69.037 2023 yearly 1983 - 2023
Greece (%) 92.149 Sep 2024 quarterly Mar 1995 - Sep 2024
Hong Kong SAR, China (%) 358.634 Sep 2024 quarterly Mar 1973 - Sep 2024
Hungary (%) 142.128 Sep 2024 quarterly Mar 1995 - Sep 2024
Iceland (%) 88.281 Sep 2024 quarterly Mar 1995 - Sep 2024
India (%) 46.293 Sep 2024 quarterly Jun 1996 - Sep 2024
Indonesia (%) 43.294 Sep 2024 quarterly Mar 1993 - Sep 2024
Iran (%) 51.598 2022 yearly 1959 - 2022
Ireland (%) 240.191 Sep 2024 quarterly Mar 1995 - Sep 2024
Israel (%) 54.129 Sep 2024 quarterly Mar 1995 - Sep 2024
Italy (%) 62.600 Sep 2024 quarterly Mar 1980 - Sep 2024
Ivory Coast (%) 47.669 2023 yearly 1960 - 2023
Japan (%) 47.451 Sep 2024 quarterly Mar 1955 - Sep 2024
Jordan (%) 80.489 2021 yearly 1967 - 2021
Kazakhstan (%) 43.521 Dec 2023 quarterly Mar 1994 - Dec 2023
Kenya (%) 32.092 2023 yearly 1964 - 2023
South Korea (%) 85.433 Sep 2024 quarterly Mar 1960 - Sep 2024
Kosovo (%) 133.643 Sep 2024 quarterly Mar 2010 - Sep 2024
Kuwait (%) 90.702 2022 yearly 1962 - 2022
Kyrgyzstan (%) 98.747 Sep 2016 quarterly Mar 2000 - Sep 2016
Laos (%) 75.092 2016 yearly 1984 - 2016
Latvia (%) 128.834 Jun 2024 quarterly Mar 1992 - Jun 2024
Lebanon (%) 87.417 2020 yearly 1990 - 2020
Lithuania (%) 133.144 Sep 2024 quarterly Mar 1995 - Sep 2024
Luxembourg (%) 399.556 Sep 2024 quarterly Mar 1995 - Sep 2024
Macau SAR, China (%) 130.716 Sep 2024 quarterly Mar 1998 - Sep 2024
North Macedonia (%) 152.070 Jun 2024 quarterly Mar 2000 - Jun 2024
Malawi (%) 46.122 2019 yearly 1960 - 2019
Malaysia (%) 139.674 Sep 2024 quarterly Mar 1991 - Sep 2024
Malta (%) 228.195 Sep 2024 quarterly Mar 1992 - Sep 2024
Mauritius (%) 106.580 Jun 2024 quarterly Mar 1999 - Jun 2024
Mexico (%) 70.140 Jun 2024 quarterly Mar 1993 - Jun 2024
Moldova (%) 82.450 Sep 2024 quarterly Mar 1995 - Sep 2024
Mongolia (%) 149.099 Sep 2024 quarterly Mar 2005 - Sep 2024
Montenegro (%) 111.092 Jun 2024 quarterly Mar 2010 - Jun 2024
Morocco (%) 97.106 Jun 2024 quarterly Mar 2007 - Jun 2024
Mozambique (%) 105.628 2023 yearly 1991 - 2022
Myanmar (%) 49.145 2019 yearly 2019 - 2019
Nepal (%) 41.638 2024 yearly 1969 - 2024
Netherlands (%) 159.175 Sep 2024 quarterly Mar 1987 - Sep 2024
New Zealand (%) 51.590 Jun 2024 quarterly Jun 1987 - Jun 2024
Nigeria (%) 39.325 Dec 2023 quarterly Mar 2010 - Dec 2023
Norway (%) 82.034 Sep 2024 quarterly Mar 1978 - Sep 2024
Oman (%) 95.667 2021 yearly 1980 - 2021
Pakistan (%) 26.922 2024 yearly 2000 - 2024
Palestinian Territory (%) 85.959 Jun 2024 quarterly Mar 2011 - Jun 2024
Panama (%) 89.533 2023 yearly 1960 - 2023
Paraguay (%) 82.292 Jun 2024 quarterly Mar 1994 - Jun 2024
Peru (%) 53.495 Sep 2024 quarterly Mar 1980 - Sep 2024
Philippines (%) 73.650 Sep 2024 quarterly Mar 1981 - Sep 2024
Poland (%) 103.888 Jun 2024 quarterly Mar 2002 - Jun 2024
Portugal (%) 94.073 Sep 2024 quarterly Mar 1977 - Sep 2024
Qatar (%) 92.001 Sep 2023 quarterly Mar 2013 - Sep 2023
Romania (%) 72.097 Sep 2024 quarterly Mar 1995 - Sep 2024
Russia (%) 40.094 Jun 2024 quarterly Mar 1995 - Jun 2024
Saudi Arabia (%) 60.972 Jun 2024 quarterly Mar 2003 - Jun 2024
Serbia (%) 113.106 Sep 2024 quarterly Mar 1995 - Sep 2024
Singapore (%) 311.143 Sep 2024 quarterly Mar 1975 - Sep 2024
Slovakia (%) 174.223 Jun 2024 quarterly Mar 1990 - Jun 2024
Slovenia (%) 154.951 Sep 2024 quarterly Mar 1995 - Sep 2024
South Africa (%) 62.120 Sep 2024 quarterly Mar 1960 - Sep 2024
Spain (%) 70.718 Jun 2024 quarterly Mar 1980 - Jun 2024
Sri Lanka (%) 42.093 Jun 2024 quarterly Mar 2010 - Jun 2024
Sudan (%) 41.299 2019 yearly 1996 - 2019
Sweden (%) 104.962 Sep 2024 quarterly Mar 1980 - Sep 2024
Switzerland (%) 126.111 Sep 2024 quarterly Mar 1980 - Sep 2024

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Saudi Arabia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.5 2022 yearly 1969 - 2022
Consolidated Fiscal Balance (USD mn) -21,585.731 2023 yearly 1969 - 2023
National Government Debt (USD mn) 273,066.7 2023 yearly 2004 - 2023
Government Debt: % of GDP (%) 28.4 Jun 2024 quarterly Dec 2016 - Jun 2024
Forecast: Government Expenditure (SAR bn) 1,583.493 2029 yearly 1990 - 2029
Forecast: Government Net Debt (SAR bn) 1,862.699 2029 yearly 1991 - 2029
Forecast: Government Revenue (SAR bn) 1,433.631 2029 yearly 1991 - 2029
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.415 2028 yearly 1980 - 2028
Trade Balance (USD mn) 113,078.6 2023 yearly 1957 - 2023
Total Exports (USD mn) 23,617.9 Sep 2024 monthly Jan 2015 - Sep 2024
Total Exports Growth (%) -14.9 Sep 2024 monthly Jan 2016 - Sep 2024
Aluminum: Exports (USD th) 2,151,060.164 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 595,269.369 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 22,383.089 2023 yearly 1995 - 2023
Total Imports (USD mn) 18,636.1 Sep 2024 monthly Jan 2005 - Sep 2024
Total Imports Growth (%) 15.0 Sep 2024 monthly Jan 2006 - Sep 2024
Imports: Medicament (USD th) 5,014,506.913 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 2,727,931.691 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 873.564 Sep 2024 monthly Jan 2017 - Sep 2024
Total Imports from USA (USD mn) 1,439.718 Sep 2024 monthly Jan 2005 - Sep 2024
Total Exports to China (USD mn) 3,710.522 Sep 2024 monthly Jan 2017 - Sep 2024
Total Imports from China (USD mn) 4,799.619 Sep 2024 monthly Jan 1981 - Sep 2024
Exports: Value: Petroleum Products (SAR mn) 125,222.000 2017 yearly 1970 - 2017
Exports: Value: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - Apr 2018
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
Exports: Value: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
Exports: ow USA (SAR mn) 3,275.864 Sep 2024 monthly Jan 2017 - Sep 2024
Exports: ow China (SAR mn) 13,914.458 Sep 2024 monthly Jan 2017 - Sep 2024
Exports: India (SAR mn) 7,307.280 Sep 2024 monthly Jan 2017 - Sep 2024
Exports: South Korea (SAR mn) 6,875.260 Sep 2024 monthly Jan 2017 - Sep 2024
Exports: Value: Asia: India (SAR mn) 113,354.282 2023 yearly 1984 - 2023
Exports: Value: Asia: South Korea (SAR mn) 107,208.022 2023 yearly 1984 - 2023
Exports: Value: Asia: China Mainland (SAR mn) 199,331.298 2023 yearly 1984 - 2023
Exports: Value: Asia: Japan (SAR mn) 121,831.325 2023 yearly 1984 - 2023
Exports: Value: North America: USA (SAR mn) 58,495.428 2023 yearly 1984 - 2023
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 17,249.487 2023 yearly 1970 - 2023
Imports: HS: Value: Foodstuffs (SAR mn) 105,681.247 2023 yearly 1970 - 2023
Imports: HS: Value: MC: Mineral Products (SAR mn) 61,579.696 2023 yearly 1983 - 2023
Imports: HS: Value: Transport Equipment (SAR mn) 118,665.412 2023 yearly 1970 - 2023
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 33,637.828 2023 yearly 1970 - 2023
Imports: Value: European Union: Germany (SAR mn) 34,218.595 2023 yearly 1984 - 2023
Imports: Value: Asia: China Mainland (SAR mn) 162,549.731 2023 yearly 1984 - 2023
Imports: Value: North America: USA (SAR mn) 70,584.316 2023 yearly 1984 - 2023
Imports: Value: Asia: Japan (SAR mn) 30,693.439 2023 yearly 1984 - 2023
Imports: Value: Asia: South Korea (SAR mn) 22,618.912 2023 yearly 1984 - 2023
Export Value Index (2015=100) 135.681 2021 yearly 1980 - 2021
Import Value Index (2015=100) 87.505 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 115.814 2021 yearly 1980 - 2021
Import Volume Index (2015=100) 104.491 2021 yearly 2000 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,428.0 Jun 2024 quarterly Mar 2006 - Jun 2024
Current Account Balance (USD mn) 4,324.3 Jun 2024 quarterly Mar 2006 - Jun 2024
Current Account Balance: % of GDP (%) 1.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Foreign Direct Investment (USD mn) 3,115.5 Jun 2024 quarterly Mar 2006 - Jun 2024
Foreign Direct Investment: % of GDP (%) 1.1 Jun 2024 quarterly Mar 2006 - Jun 2024
Foreign Portfolio Investment (USD mn) 5,552.736 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 2.0 Jun 2024 quarterly Mar 2008 - Jun 2024
Forecast: Current Account Balance (USD bn) -37.538 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 765,219.433 2023 yearly 2007 - 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 639.030 Mar 2024 quarterly Mar 2018 - Mar 2024
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 2,295.466 Jun 2024 quarterly Mar 2018 - Jun 2024
BoP: USD: FA: Other Investment (USD mn) -21,939.380 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Other Investment: Assets (USD mn) -11,779.491 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Secondary Income (USD mn) -13,968.144 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Other Investment: Liabilities (USD mn) 10,159.889 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 16,373.149 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 5,552.736 Jun 2024 quarterly Mar 2008 - Jun 2024
BoP: USD: FA: Reserve Assets (USD mn) 12,474.564 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 25,358.852 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: Financial Account (FA) (USD mn) 668.122 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Primary Income: Credit (USD mn) 8,962.458 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Direct Investment (USD mn) -687.475 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Portfolio Investment (USD mn) 10,820.414 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Direct Investment: Assets (USD mn) 2,427.992 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 52,073.982 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 78,847.952 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: Errors and Omissions (USD mn) -2,536.199 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Primary Income (USD mn) 801.100 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Goods & Services: Goods (USD mn) 26,773.970 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Primary Income: Debit (USD mn) 8,161.358 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Goods & Services: Services (USD mn) -9,282.605 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 16,076.248 Jun 2024 quarterly Mar 2006 - Jun 2024
International Investment Position (IIP) (SAR mn) 2,869,572.875 2023 yearly 2007 - 2023
IIP: Assets (SAR mn) 5,362,114.700 2023 yearly 2007 - 2023
IIP: Liabilities (SAR mn) 2,492,541.825 2023 yearly 2007 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.4 Mar 2024 quarterly Mar 2009 - Mar 2024
Household Debt: % of GDP (%) 11.9 Jun 2024 quarterly Dec 2003 - Jun 2024
Money Supply M1 (USD mn) 440,661.196 Oct 2024 monthly Jan 1993 - Oct 2024
Money Supply M2 (USD mn) 699,622.085 Oct 2024 monthly Jan 1993 - Oct 2024
M2 Growth (%) 11.1 Oct 2024 monthly Jan 1994 - Oct 2024
Reserve Requirement Ratio (%) 7.0 Nov 2024 monthly Mar 1980 - Nov 2024
Foreign Exchange Reserves (USD mn) 410,754.7 Oct 2024 monthly Jan 2001 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 41.018 Jun 2024 quarterly Dec 2003 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 23.9 2023 yearly 1957 - 2023
Gold Reserves (USD mn) 432.934 Nov 2024 monthly Dec 1957 - Nov 2024
Total Deposits (USD mn) 722,426.186 Oct 2024 monthly Jan 1993 - Oct 2024
Total Deposits Growth (%) 9.2 Oct 2024 monthly Jan 1994 - Oct 2024
Domestic Credit (USD mn) 279,406.0 Feb 2018 monthly Oct 1983 - Feb 2018
Domestic Credit Growth (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Credit to Households (USD bn) 348.930 Dec 2023 quarterly Mar 1998 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 796.302 Dec 2023 quarterly Mar 1993 - Dec 2023
Household Debt (USD mn) 131,348.0 Sep 2024 quarterly Mar 1998 - Sep 2024
Total Loans (USD mn) 768,933.383 Oct 2024 monthly Jan 1997 - Oct 2024
Total Loans Growth (%) 12.46 Oct 2024 monthly Jan 1998 - Oct 2024
Private Debt: % of Nominal GDP (%) 65.19 Jun 2024 quarterly Dec 2003 - Jun 2024
Base Money (SAR mn) 404,644.104 Nov 2024 monthly Jan 2000 - Nov 2024
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,936,088.999 Oct 2024 monthly Jan 1993 - Oct 2024
Money Supply: M3: M2 (SAR mn) 2,623,582.819 Oct 2024 monthly Jan 1993 - Oct 2024
Money Supply: M3: M2: M1 (SAR mn) 1,652,479.487 Oct 2024 monthly Jan 1993 - Oct 2024
Official Reserve Assets (SAR mn) 1,688,661.631 Nov 2024 monthly Jan 2001 - Nov 2024
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 522,620.717 Oct 2024 monthly Jan 2001 - Oct 2024
Bank Loans: Consumer (SAR mn) 452,321.357 Jun 2024 quarterly Mar 1998 - Jun 2024

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