Gross Domestic Product (GDP) in Saudi Arabia

what is the gdp of saudi arabia

GDP of Saudi Arabia, 1970-2013

During 1970-2013 GDP of Saudi Arabia grew by 743 billion US dollars (in 138.6 times) to 748.4 billion US dollars; change occurred by 21.3 billion US dollars by increasing population of Saudi Arabia by 23 million, as well as by 721.7 billion US dollars by increasing of GDP per capita in Saudi Arabia by 25035 US dollars. The average annual growth of GDP of Saudi Arabia was 17.3 billion US dollars or 320%. Share in the World rose by 0.83%. Share in Asia rose by 1.9%. Share in Western Asia grew by 12.2%. Minimal GDP of Saudi Arabia was in 1970 (5.4 billion US dollars). Maximal GDP of Saudi Arabia was in 2013 (748.4 billion US dollars).

During 1970-2013 GDP per capita in Saudi Arabia increased by 25035 US dollars (in 28 times) to 25962 US dollars. The average annual growth of GDP per capita in Saudi Arabia was 582.2 US dollars or 62.8%.

Change of GDP of Saudi Arabia described by linear correlation-regression model: y =11.143 x -21996.281, where y - estimated value of GDP of Saudi Arabia, x - year. Correlation = 0.821. Coefficient of determination = 0.674.

GDP of Saudi Arabia, 1970

GDP of Saudi Arabia in 1970 was equal to 5.4 billion US dollars, ranked 51st in the world and was on par with GDP of Algeria (5.2 billion US dollars). Share of GDP of Saudi Arabia in the world was 0.16%.

GDP per capita in Saudi Arabia in 1970 was 927 US dollars. ranked 56th in the world. GDP per capita in Saudi Arabia was more, than GDP per capita in the World (921 US dollars) by 6 US dollars.

Comparison of GDP of Saudi Arabia and the neighbors in 1970. GDP of Saudi Arabia was more, than GDP of United Arab Emirates (1.1 billion US dollars), GDP of Jordan (0.59 billion US dollars), GDP of Oman (0.27 billion US dollars), but was less, than GDP of Iran (10 billion US dollars), GDP of Egypt (8.1 billion US dollars). GDP per capita in Saudi Arabia was more, than GDP per capita in Oman (371 US dollars), GDP per capita in Jordan (358 US dollars), GDP per capita in Iran (351 US dollars), GDP per capita in Egypt (224 US dollars), but was less, than GDP per capita in United Arab Emirates (4550 US dollars).

Comparison of GDP of Saudi Arabia and leaders in 1970. GDP of Saudi Arabia was less, than GDP of United States (1075.9 billion US dollars) in 199.2 times, GDP of USSR (433.4 billion US dollars) in 80.3 times, GDP of Germany (215 billion US dollars) in 39.8 times, GDP of Japan (209.1 billion US dollars) in 38.7 times. GDP per capita in Saudi Arabia was less, than GDP per capita in United States (5126 US dollars) in 5.5 times, GDP per capita in Germany (2712 US dollars) in 2.9 times, GDP per capita in Japan (2016 US dollars) in 2.2 times, GDP per capita in USSR (1790 US dollars) by 93.1%.

Potential GDP of Saudi Arabia in 1970. With GDP per capita in

Saudi Arabia at the level of GDP per capita in United States (5126 US dollars), GDP of Saudi Arabia would be 29.9 billion US dollars, it is 24.5 billion US dollars (453.7%) more than the actual level. With GDP per capita in Saudi Arabia at the level of GDP per capita in United Arab Emirates (4550 US dollars), GDP of Saudi Arabia would be 26.5 billion US dollars, it is 21.1 billion US dollars (390.7%) more than the actual level.

GDP of Saudi Arabia, 2013

GDP of Saudi Arabia in 2013 was equal to 748.4 billion US dollars, ranked 19th in the world. Share of GDP of Saudi Arabia in the world was 0.99%.

GDP per capita in Saudi Arabia in 2013 was worth 25962 US dollars. ranked 41st in the world and was on par with GDP per capita in Korea (26482 US dollars), GDP per capita in Cyprus (25197 US dollars), GDP per capita in Bahrain (24695 US dollars). GDP per capita in Saudi Arabia was more, than GDP per capita in the World (10553 US dollars) by 15409 US dollars.

Comparison of GDP of Saudi Arabia and the neighbors in 2013. GDP of Saudi Arabia was more, than GDP of Iran (492.8 billion US dollars), GDP of United Arab Emirates (402.3 billion US dollars), GDP of Egypt (255.2 billion US dollars), GDP of Oman (79.7 billion US dollars), GDP of Yemen (34.7 billion US dollars), GDP of Jordan (33.6 billion US dollars). GDP per capita in Saudi Arabia was more, than GDP per capita in Oman (21929 US dollars), GDP per capita in Iran (6363 US dollars), GDP per capita in Jordan (4618 US dollars), GDP per capita in Egypt (3110 US dollars), GDP per capita in Yemen (1422 US dollars), but was less, than GDP per capita in United Arab Emirates (43049 US dollars).

Comparison of GDP of Saudi Arabia and leaders in 2013. GDP of Saudi Arabia was less, than GDP of United States (16768.1 billion US dollars) in 22.4 times, GDP of China (9181.2 billion US dollars) in 12.3 times, GDP of Japan (4898.5 billion US dollars) in 6.5 times, GDP of Germany (3730.3 billion US dollars) in 5 times. GDP per capita in Saudi Arabia was more, than GDP per capita in China (6626 US dollars) in 3.9 times, but was less, than GDP per capita in United States (52392 US dollars) in 2 times, GDP per capita in Germany (45091 US dollars) by 73.7%, GDP per capita in Japan (38528 US dollars) by 48.4%.

Potential GDP of Saudi Arabia in 2013. With GDP per capita in Saudi Arabia at the level of GDP per capita in United States (52392 US dollars), GDP of Saudi Arabia would be 1510.3 billion US dollars, it is 761.9 billion US dollars (101.8%) more than the actual level. With GDP per capita in Saudi Arabia at the level of GDP per capita in United Arab Emirates (43049 US dollars), GDP of Saudi Arabia would be 1241 billion US dollars, it is 492.6 billion US dollars (65.8%) more than the actual level.

GDP of Saudi Arabia, 1970-2013

Source: kushnirs.org

Category: Bank

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