Saudi Arabia: Savings, percent of GDP
* indicates monthly or quarterly data series
| Saudi Arabia |
Savings as percent of GDP |
|---|---|
| Latest value | 32.47 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1971 - 2023 |
| Average | 34.87 |
| Min - Max | 11.74 - 74.59 |
| Source | The World Bank |
The latest value from 2023 is 32.47 percent, a decline from 40.1 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for Saudi Arabia from 1971 to 2023 is 34.87 percent. The minimum value, 11.74 percent, was reached in 1991 while the maximum of 74.59 percent was recorded in 1974.
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* indicates monthly or quarterly data series
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The savings in Saudi Arabia and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 46.97 | 2023 | percent |
| Share of manufacturing | 14.79 | 2023 | percent |
| Share of services | 44.87 | 2023 | percent |
| Industry value added | 501.48 | 2023 | billion U.S. dollars |
| Manufacturing value added | 157.88 | 2023 | billion U.S. dollars |
| Services value added | 479.05 | 2023 | billion U.S. dollars |
| Savings, percent of GDP | 32.47 | 2023 | percent |
| Savings, in dollars | 346.61 | 2023 | billion U.S. dollars |