Taxes on goods and services (current LCU), per unit of GDP in Saudi Arabia
Saudi Arabia: Taxes on goods and services (current LCU), per unit of GDP was 0.2303 current LCU per US$ of GDP in 2024. ◆ Volatile
Taxes on goods and services (current LCU), per unit of GDP in Saudi Arabia, 2010–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes on goods and services (current lcu), per unit of gdp in Saudi Arabia is 0.2303 current LCU per US$ of GDP, measured in 2024.
That represents a change of up 6.9% on the previous year and up 487.4% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Saudi Arabia peaked at 0.2558 current LCU per US$ of GDP in 2021 and was at its lowest, 0.0355 current LCU per US$ of GDP, in 2011.
That places Saudi Arabia 106th out of 157 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), per unit of GDP in Saudi Arabia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2010 | 0.0414 current LCU per US$ of GDP | — |
| 2011 | 0.0355 current LCU per US$ of GDP | -14.2% |
| 2012 | 0.0366 current LCU per US$ of GDP | +3.0% |
| 2013 | 0.0437 current LCU per US$ of GDP | +19.5% |
| 2014 | 0.0392 current LCU per US$ of GDP | -10.4% |
| 2015 | 0.0454 current LCU per US$ of GDP | +15.9% |
| 2016 | 0.0362 current LCU per US$ of GDP | -20.4% |
| 2017 | 0.051 current LCU per US$ of GDP | +41.1% |
| 2018 | 0.2367 current LCU per US$ of GDP | +363.9% |
| 2019 | 0.1726 current LCU per US$ of GDP | -27.1% |
| 2020 | 0.2127 current LCU per US$ of GDP | +23.2% |
| 2021 | 0.2558 current LCU per US$ of GDP | +20.3% |
| 2022 | 0.2029 current LCU per US$ of GDP | -20.7% |
| 2023 | 0.2154 current LCU per US$ of GDP | +6.1% |
| 2024 | 0.2303 current LCU per US$ of GDP | +6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.0738 current LCU per US$ of GDP | 0.0355 current LCU per US$ of GDP | 0.2367 current LCU per US$ of GDP | 10 |
| 2020s | 0.2234 current LCU per US$ of GDP | 0.2029 current LCU per US$ of GDP | 0.2558 current LCU per US$ of GDP | 5 |
Countries ranked near Saudi Arabia
- 103 Fiji 0.2832 current LCU per US$ of GDP compare
- 104 Belize 0.2352 current LCU per US$ of GDP compare
- 105 Barbados 0.232 current LCU per US$ of GDP compare
- 107 Saint Lucia 0.195 current LCU per US$ of GDP compare
- 108 Malaysia 0.1736 current LCU per US$ of GDP compare
- 109 Papua New Guinea 0.1727 current LCU per US$ of GDP compare
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 taxes on goods and services (current lcu), per unit of gdp in Saudi Arabia?
- Taxes on goods and services (current lcu), per unit of gdp in Saudi Arabia was 0.2303 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Saudi Arabia?
- The highest recorded value was 0.2558 current LCU per US$ of GDP in 2021.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Saudi Arabia?
- The lowest recorded value was 0.0355 current LCU per US$ of GDP in 2011.
- How does Saudi Arabia rank for taxes on goods and services (current lcu), per unit of gdp?
- Saudi Arabia ranks 106th out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Saudi Arabia?
- Over the last ten years it is up 487.4%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.