Saudi Arabia recorded a Current Account surplus of 9.20 percent of the country's Gross Domestic Product in 2018, according to preliminary estimates.

Current Account to GDP in Saudi Arabia averaged 3.92 percent from 1980 until 2018, reaching an all time high of 28.50 percent in 2005 and a record low of -21 percent in 1991. This page provides - Saudi Arabia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Saudi Arabia Monetary Agency

Current Account to GDP in Saudi Arabia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Current Account to GDP is projected to trend around -1.00 percent in 2020, according to our econometric models.


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Saudi Arabia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
9.20 1.50 28.50 -21.00 1980 - 2018 percent Yearly

Saudi Arabia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

Saudi Arabia Trade Last Previous Highest Lowest Unit
Balance of Trade 109229.00 127500.00 454159.00 3898.00 Million SAR [+]
Current Account 9845.00 12407.00 90060.70 -27509.30 USD Million [+]
Current Account to GDP 9.20 1.50 28.50 -21.00 percent [+]
Imports 126797.00 127699.00 222985.00 2578.00 Million SAR [+]
Exports 236094.00 255199.00 677144.00 9118.00 Million SAR [+]
Capital Flows 7364.63 12301.00 102296.29 -49295.00 USD Million [+]
Tourism Revenues 14848.00 13438.00 14848.00 3418.00 USD Million [+]
Gold Reserves 323.07 323.07 323.10 142.95 Tonnes [+]
Crude Oil Production 9890.00 10303.00 11093.00 2340.00 BBL/D/1K [+]
Foreign Direct Investment 1141.00 1072.00 11746.54 264.00 USD Million [+]
Terrorism Index 5.24 5.48 5.81 2.41 [+]
Remittances 27616.00 28441.00 38101.00 12479.00 SAR Million [+]
Tourist Arrivals 16109.00 18049.00 18260.00 6585.00 Thousand [+]