Saudi Arabia: Imports, percent of GDP

* indicates monthly or quarterly data series
 Saudi Arabia

Imports of goods and services as percent of GDP

 Latest value 23.29
 Year 2022
 Measure percent
 Data availability 1968 - 2022
 Average 29.40
 Min - Max 13.20 - 47.68
 Source The World Bank
For that indicator, we provide data for Saudi Arabia from 1968 to 2022. The average value for Saudi Arabia during that period was 29.4 percent with a minimum of 13.2 percent in 1974 and a maximum of 47.68 percent in 1983. The latest value from 2022 is 23.29 percent. For comparison, the world average in 2022 based on 149 countries is 52.38 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Saudi Arabia - Imports, percent of GDP - Recent values chart

Historical chart
Saudi Arabia - Imports, percent of GDP - historical chart - 1968-2022




The imports of Saudi Arabia and other countries are calculated as the total amount of goods and services produced abroad and sold at home. Imports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If imports are about 15 percent or less of GDP the economy is considered relatively closed. That, for example, applies to the U.S. In contrast, many small European countries import over 40 percent of the products they consume. They are considered more open to international trade.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

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 Related indicators Latest value Reference Measure
 Terms of trade 139.90 2021 percent
 Trade openness 63.51 2022 percent
 Financial openness 1.034 2021 index points
 Exports, percent of GDP 40.22 2022 percent
 Exports, billion dollars 445.88 2022 billion U.S. dollars
 Growth of exports 17.82 2022 percent
 Imports, percent of GDP 23.29 2022 percent
 Imports, billion dollars 258.21 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.53 2022 percent
 Foreign Direct Investment, billion dollars 7.89 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2004 million dollars (current)
 Current account, percent of GDP 13.67 2022 percent
 Current account, in dollars 153.49 2022 billion U.S. dollars
 Trade balance, percent of GDP 16.93 2022 percent
 Trade balance, in dollars 187.67 2022 billion U.S. dollars
 Reserves 478.23 2022 billion U.S. dollars
 Remittances, percent of GDP 0.03 2022 percent
 Remittances 287.02 2022 million U.S. dollars
 Net errors and omissions -7,805.82 2022 million USD
 Foreign exchange reserves 1,648.08 9/2023 billion
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