Taxes on goods and services in Saudi Arabia
Saudi Arabia: Taxes on goods and services was 22.9% in 2024. ◆ Volatile
Taxes on goods and services in Saudi Arabia, 2010–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Saudi Arabia recorded 22.9% for taxes on goods and services in 2024.
The figure is up 5.9% on the previous year and up 673.1% over ten years.
Over the whole period, taxes on goods and services in Saudi Arabia peaked at 26.0% in 2021 and was at its lowest, 2.2%, in 2011.
Saudi Arabia ranks 118th of 156 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services in Saudi Arabia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2010 | 3.0% | — |
| 2011 | 2.2% | -26.7% |
| 2012 | 2.2% | +2.0% |
| 2013 | 2.9% | +32.3% |
| 2014 | 3.0% | +1.6% |
| 2015 | 5.1% | +73.3% |
| 2016 | 4.8% | -6.7% |
| 2017 | 5.5% | +14.0% |
| 2018 | 23.2% | +323.6% |
| 2019 | 16.5% | -28.6% |
| 2020 | 20.9% | +26.3% |
| 2021 | 26.0% | +24.6% |
| 2022 | 19.8% | -23.8% |
| 2023 | 21.7% | +9.2% |
| 2024 | 22.9% | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.8% | 2.2% | 23.2% | 10 |
| 2020s | 22.3% | 19.8% | 26.0% | 5 |
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 taxes on goods and services in Saudi Arabia?
- Taxes on goods and services in Saudi Arabia was 22.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Saudi Arabia?
- The highest recorded value was 26.0% in 2021.
- What is the lowest taxes on goods and services recorded in Saudi Arabia?
- The lowest recorded value was 2.2% in 2011.
- How does Saudi Arabia rank for taxes on goods and services?
- Saudi Arabia ranks 118th out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Saudi Arabia?
- Over the last ten years it is up 673.1%. The long-run trend across the full record is volatile.
- 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 Taxes on goods and services (% of revenue). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.