Saudi Arabia GDP Per Capita 2024

[ Nominal GDP Per Capita in USD ]

Year -

$35,121.66

Source: world bank Nominal/PPP
Summary:

Saudi Arabia GDP Per Capita expanded from 1960 to 2024, increasing from $717.80 to $35,121.66 .The compound annual growth rate (CAGR) averaged 6.27% over the period. The economy recorded its peak level in 2022 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 68.07%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.

Latest GDP Per Capita of Saudi Arabia 2024 – Nominal vs PPP

MetricNominal GDP (Current USD)GDP (PPP, Int$)
Latest Year20242024
Latest GDP Per Capita$ 35,121.66 dollars$ 71,375.37 Int dollars
Growth (YoY)-2.863%-0.265%
Net Change vs Previous Year$ -1,035.19 dollars$ -189.43 Int dollars
% of World GDP Per Capita31.65%35.74%
MeaningNominal GDP Per Capita (Current USD, exchange-rate based)GDP (PPP, cost-of-living adjusted)
Saudi Arabia GDP | Saudi Arabia GDP Growth

Saudi Arabia Annual GDP Per Capita From 1960 to 2024

Source: Worldbank Nominal PPP

NominalPPP
YearDollar $Net Chg $% ChgInt $Net Chg $% Chg
1960717.8-----
1961760.3142.525.923 %---
1962812.9352.616.92 %---
1963811.74-1.19-0.146 %---
1964840.4828.743.541 %---
1965904.1263.647.572 %---
1966960.7456.636.263 %---
19671031.670.867.375 %---
19681275.71244.123.663 %---
19691312.7437.032.903 %---
19701509.44196.714.984 %---
19711929.31419.8727.816 %---
19722474.39545.0828.252 %---
19733640.081165.747.111 %---
197410503.436863.34188.549 %---
197510265.64-237.79-2.264 %---
197613312.513046.8729.68 %---
197714595.371282.869.637 %---
197814914.15318.782.184 %---
197919611.574697.4131.496 %---
198027205.657594.0838.722 %---
198128703.361497.715.505 %---
198222454.48-6248.87-21.771 %---
198317809.55-4644.93-20.686 %---
198415541.13-2268.42-12.737 %---
198512745.42-2795.71-17.989 %---
198610078.29-2667.13-20.926 %---
19879385.98-692.3-6.869 %---
19889165.5-220.49-2.349 %---
19899413.58248.092.707 %---
199011054.751641.1717.434 %46214.22--
199111847.17792.427.168 %49295.473081.266.667 %
199211730.27-116.9-0.987 %50355.411059.932.15 %
199310884.86-845.41-7.207 %49503.23-852.17-1.692 %
199410601.92-282.94-2.599 %48903.58-599.65-1.211 %
199510786.4184.481.74 %48052.41-851.17-1.741 %
199611471.5685.16.352 %48569.16516.751.075 %
199711545.3573.840.644 %48795.67226.510.466 %
19989836.06-1709.29-14.805 %48867.2571.580.147 %
199910452.19616.136.264 %47494.67-1372.58-2.809 %
200011714.561262.3712.078 %48643.611148.942.419 %
200110805.31-909.25-7.762 %47380.8-1262.8-2.596 %
200210586.05-219.26-2.029 %45466.03-1914.78-4.041 %
200311487.22901.178.513 %48078.122612.095.745 %
200413154.51667.2814.514 %51225.333147.216.546 %
200515975.752821.2521.447 %53548.22322.874.535 %
200617563.611587.879.939 %54638.761090.562.037 %
200718596.151032.545.879 %55029.87391.110.716 %
200822320.493724.3420.027 %57236.052206.184.009 %
200917718.39-4602.1-20.618 %54787.36-2448.7-4.278 %
201022028.39431024.325 %58828.734041.377.376 %
201127126.755098.3623.144 %64125.225296.499.003 %
201228733.441606.695.923 %65033.62908.41.417 %
201327865.47-867.97-3.021 %62202.89-2830.73-4.353 %
201427805.49-59.98-0.215 %62578.07375.180.603 %
201523256.15-4549.33-16.361 %53930.83-8647.24-13.818 %
201622267.72-988.43-4.25 %49937.07-3993.76-7.405 %
201723929.291661.577.462 %53120.463183.396.375 %
201829360.075430.7822.695 %59377.86257.3511.78 %
201929566.79206.730.704 %59560.25182.450.307 %
202024338.83-5227.96-17.682 %47518.49-12041.77-20.218 %
202131920.777581.9331.152 %62690.515172.0131.929 %
202238510.236589.4620.643 %71968.079277.5814.799 %
202336156.85-2353.38-6.111 %71564.8-403.27-0.56 %
202435121.66-1035.19-2.863 %71375.37-189.43-0.265 %

Saudi Arabia Economic Phases (1960 - 2024)

From 1960 to 2024, Saudi Arabia economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.

  • High Growth (1961–1962) indicating robust economic expansion
  • High Growth (1965–1968) indicating robust economic expansion
  • High Growth (1970–1974) indicating robust economic expansion
  • High Growth (1976–1977) indicating robust economic expansion
  • High Growth (1979–1981) indicating robust economic expansion
  • Crisis (1982–1986) indicating severe economic downturn
  • Contraction (1987–1988) indicating temporary slowdown
  • High Growth (1990–1991) indicating robust economic expansion
  • Contraction (1992–1994) indicating temporary slowdown
  • High Growth (1999–2000) indicating robust economic expansion
  • Contraction (2001–2002) indicating temporary slowdown
  • High Growth (2003–2008) indicating robust economic expansion
  • High Growth (2010–2012) indicating robust economic expansion
  • Contraction (2013–2014) indicating temporary slowdown
  • High Growth (2017–2018) indicating robust economic expansion
  • High Growth (2021–2022) indicating robust economic expansion
  • Contraction (2023–2024) indicating temporary slowdown

The most remarkable growth occurred in 1974 with an increase of 188.549%, while the largest decline was in 1982 at -21.771%.