Australia vs Saudi Arabia: GNI, PPP
GNI, PPP over time
- Australia
- Saudi Arabia
How they compare
Saudi Arabia currently reports 2.75 trillion current international $ against 1.93 trillion current international $ in Australia, a difference of 819.69 billion current international $.
That makes Saudi Arabia's figure about 1.4 times Australia's.
Across all 36 years both countries report, Saudi Arabia has been ahead every year.
Globally, Australia ranks 20th and Saudi Arabia ranks 17th of 202 countries.
Individual pages
About this data
This indicator provides values for gross national income (GNI) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.