Saudi Arabia: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Saudi Arabia

Fiscal balance, percent of GDP

 Latest value 2.49
 Year 2022
 Measure percent
 Data availability 1969 - 2022
 Average 0.76
 Min - Max -25.27 - 43.17
 Source International Monetary Fund (IMF)
For that indicator, we provide data for Saudi Arabia from 1969 to 2022. The average value for Saudi Arabia during that period was 0.76 percent with a minimum of -25.27 percent in 1987 and a maximum of 43.17 percent in 1973. The latest value from 2022 is 2.49 percent. For comparison, the world average in 2022 based on 159 countries is -2.53 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 - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Saudi Arabia - Fiscal balance, percent of GDP - historical chart - 1969-2022

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 20.83 2022 percent
 Government spending, in dollars 249.08 2023 billion U.S. dollars
 Fiscal balance, percent of GDP 2.49 2022 percent
 Government debt 23.93 2022 percent
 Government expenditure 223.58 Q3/2023 billion
 Tax revenue 8.24 2020 percent
 Commercial tax rate 15.70 2019 percent
 Tax preparation time 152 2019 hours
 Number of taxes 4 2019 taxes
 Taxes on goods and services 20.89 2020 percent
 Taxes on international trade 2.27 2020 percent
 Income and profits taxes 2.32 2020 percent
 Foreign aid 0.29 2009 million U.S. dollars
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