Saudi Arabia

Saudi Arabia is an absolute monarchy that occupies most of the Arabian Peninsula in the Middle East. Its economy is large, with a nominal GDP (in US dollars) expected to reach approximately $1,276.9 billion as of 2025. The country's industrial structure has traditionally been highly dependent on crude oil exports, but in recent years, efforts towards economic diversification have also been promoted.

Looking at the latest indicators (as of 2025), the Saudi Arabian economy is showing active movements. Real GDP growth is 4.5%, an increase of 1.85 percentage points from the previous year, suggesting an accelerating pace of economic expansion. On the other hand, due to a significant increase in total population by 4.7% year-on-year, real GDP per capita growth remains slightly negative at -0.2%, though this also shows an improvement of 1.77 percentage points from the previous year. Regarding prices, consumer price inflation stands at a moderate level of 2.1%, an increase of 0.40 percentage points from the previous year. The employment situation is improving, with the unemployment rate at 3.0%, a decrease of 0.48 percentage points from the previous year. External economic activity is also robust, with trade (as a percentage of GDP) at a high level of 57.9%, an increase of 1.51 percentage points from the previous year. However, the current account balance (as a percentage of GDP) has turned to a deficit at -2.6%, deteriorating by 1.27 percentage points from the previous year. On a nominal basis, nominal GDP (in US dollars) increased by 1.8% year-on-year, while nominal GDP per capita (in US dollars) is approximately $34,537, a decrease of 2.8% year-on-year.