Goods and services expense in Saudi Arabia
Saudi Arabia: Goods and services expense was 313.02 billion current LCU in 2024. ▲ Rising
Goods and services expense in Saudi Arabia, 2010–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, goods and services expense in Saudi Arabia stood at 313.02 billion current LCU. That is the highest value across all 15 years on record.
That represents a change of up 3.2% on the previous year and up 68.7% over ten years.
Over the whole period, goods and services expense in Saudi Arabia peaked at 313.02 billion current LCU in 2024 and was at its lowest, 89.80 billion current LCU, in 2010.
That places Saudi Arabia 42nd out of 155 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 139.02 billion current LCU | 89.80 billion current LCU | 185.60 billion current LCU | 10 |
| 2020s | 256.47 billion current LCU | 203.18 billion current LCU | 313.02 billion current LCU | 5 |
Countries ranked near Saudi Arabia
More public sector data for Saudi Arabia
- Arms imports 1.11 billion SIPRI trend indicator values (2024)
- Tax revenue 8.1% (2024)
- Taxes on income, profits and capital gains 2.5% (2024)
- Taxes on goods and services 22.9% (2024)
- Net investment in nonfinancial assets 4.1% (2024)
- Net lending (+) / net borrowing (-) -2.5% (2024)
- Interest payments 3.5% (2024)
- Grants and other revenue 69.8% (2024)
- Interest payments 3.4% (2023)
- Other taxes 2.8% (2024)
Frequently asked questions
- What is goods and services expense in Saudi Arabia?
- Goods and services expense in Saudi Arabia was 313.02 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Saudi Arabia?
- The highest recorded value was 313.02 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Saudi Arabia?
- The lowest recorded value was 89.80 billion current LCU in 2010.
- How does Saudi Arabia rank for goods and services expense?
- Saudi Arabia ranks 42nd out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Saudi Arabia?
- Over the last ten years it is up 68.7%. The long-run trend across the full record is rising.
- Where does this Saudi Arabia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.