Saudi Arabia: Trade balance, percent of GDP

* indicates monthly or quarterly data series
 Saudi Arabia

Trade balance as percent of GDP

 Latest value 16.93
 Year 2022
 Measure percent
 Data availability 1968 - 2022
 Average 16.39
 Min - Max -10.70 - 78.79
 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 16.39 percent with a minimum of -10.7 percent in 1984 and a maximum of 78.79 percent in 1973. The latest value from 2022 is 16.93 percent. For comparison, the world average in 2022 based on 149 countries is -4.42 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 - Trade balance, percent of GDP - Recent values chart

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




The trade balance for Saudi Arabia and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

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The Balance of Payments: the current and financial accounts



 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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