Saudi Arabia: Current account, in dollars
* indicates monthly or quarterly data series
| Saudi Arabia |
Current account balance, billion USD |
|---|---|
| Latest value | 34.07 |
| Year | 2023 |
| Measure | billion U.S. dollars |
| Data availability | 1971 - 2023 |
| Average | 27.33 |
| Min - Max | -52.64 - 173.66 |
| Source | The World Bank |
The latest value from 2023 is 34.07 billion U.S. dollars, a decline from 151.52 billion U.S. dollars in 2022. In comparison, the world average is 3.07 billion U.S. dollars, based on data from 111 countries. Historically, the average for Saudi Arabia from 1971 to 2023 is 27.33 billion U.S. dollars. The minimum value, -52.64 billion U.S. dollars, was reached in 2015 while the maximum of 173.66 billion U.S. dollars was recorded in 2012.
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Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 139.90 | 2021 | percent |
| Trade openness | 62.13 | 2023 | percent |
| Financial openness | 1.034 | 2021 | index points |
| Exports, percent of GDP | 34.75 | 2023 | percent |
| Exports, billion dollars | 370.98 | 2023 | billion U.S. dollars |
| Growth of exports | -6.51 | 2023 | percent |
| Imports, percent of GDP | 27.38 | 2023 | percent |
| Imports, billion dollars | 292.28 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.15 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 28.06 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 4,223.41 | 2023 | million dollars (current) |
| Current account, percent of GDP | 3.19 | 2023 | percent |
| Current account, in dollars | 34.07 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 7.37 | 2023 | percent |
| Trade balance, in dollars | 79.41 | 2023 | billion U.S. dollars |
| Reserves | 457.95 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.03 | 2023 | percent |
| Remittances | 281.98 | 2023 | million U.S. dollars |
| Net errors and omissions | -7,309.55 | 2023 | million USD |
| Foreign exchange reserves | 1,713.65 | 9/2024 | billion |