Goods and services expense in Saudi Arabia
Saudi Arabia: Goods and services expense was 27.4% in 2023. ▲ Rising
Goods and services expense in Saudi Arabia, 2010–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for goods and services expense in Saudi Arabia is 27.4%, measured in 2023. That is the highest value across all 14 years on record.
The figure is up 8.4% on the previous year and up 33.7% over ten years.
Over the whole period, goods and services expense in Saudi Arabia peaked at 27.4% in 2023 and was at its lowest, 15.4%, in 2012.
That places Saudi Arabia 24th out of 154 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Goods and services expense in Saudi Arabia, year by year
| Year | % of expense | Change |
|---|---|---|
| 2010 | 18.6% | — |
| 2011 | 16.1% | -13.0% |
| 2012 | 15.4% | -4.7% |
| 2013 | 20.5% | +33.2% |
| 2014 | 22.6% | +10.3% |
| 2015 | 18.3% | -19.1% |
| 2016 | 21.6% | +17.9% |
| 2017 | 18.8% | -12.6% |
| 2018 | 19.0% | +0.6% |
| 2019 | 18.1% | -4.6% |
| 2020 | 22.1% | +22.0% |
| 2021 | 22.2% | +0.6% |
| 2022 | 25.3% | +13.9% |
| 2023 | 27.4% | +8.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 18.9% | 15.4% | 22.6% | 10 |
| 2020s | 24.2% | 22.1% | 27.4% | 4 |
Countries ranked near Saudi Arabia
More public sector data for Saudi Arabia
- Arms imports 1.11 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 31.47 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0009 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -14.27 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.11 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,276 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0641 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 3.3 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 80.33 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 602.88 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Saudi Arabia?
- Goods and services expense in Saudi Arabia was 27.4% in 2023, 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 27.4% in 2023.
- What is the lowest goods and services expense recorded in Saudi Arabia?
- The lowest recorded value was 15.4% in 2012.
- How does Saudi Arabia rank for goods and services expense?
- Saudi Arabia ranks 24th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Saudi Arabia?
- Over the last ten years it is up 33.7%. 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 (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.