Taxes on goods and services in Saudi Arabia
Saudi Arabia: Taxes on goods and services was 6.7% 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 % value added of industry and services.
Analysis
Saudi Arabia recorded 6.7% for taxes on goods and services in 2024.
The figure is up 7.3% on the previous year and up 518.6% over ten years.
Over the whole period, taxes on goods and services in Saudi Arabia peaked at 7.4% in 2021 and was at its lowest, 1.0%, in 2011.
That places Saudi Arabia 113th out of 154 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 in Saudi Arabia, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2010 | 1.1% | — |
| 2011 | 1.0% | -14.7% |
| 2012 | 1.0% | +3.0% |
| 2013 | 1.2% | +19.6% |
| 2014 | 1.1% | -10.2% |
| 2015 | 1.3% | +16.7% |
| 2016 | 1.0% | -20.3% |
| 2017 | 1.4% | +40.7% |
| 2018 | 6.6% | +370.2% |
| 2019 | 4.9% | -26.9% |
| 2020 | 6.1% | +25.8% |
| 2021 | 7.4% | +21.7% |
| 2022 | 5.8% | -22.0% |
| 2023 | 6.2% | +7.3% |
| 2024 | 6.7% | +7.3% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 6.7% is below the median for high income countries, which is 11.7%, 57% of the median. (55 countries reporting)
- Saudi Arabia's 6.7% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.7%, 1.0× the median. (13 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services in Saudi Arabia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +370.2% | 1.4% | 6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.1% | 1.0% | 6.6% | 10 |
| 2020s | 6.4% | 5.8% | 7.4% | 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 6.7% 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 7.4% in 2021.
- What is the lowest taxes on goods and services recorded in Saudi Arabia?
- The lowest recorded value was 1.0% in 2011.
- How does Saudi Arabia rank for taxes on goods and services?
- Saudi Arabia ranks 113th out of 154 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 518.6%. 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 (% value added of industry and services). 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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.