Expense in Saudi Arabia
Saudi Arabia: Expense was 1.11 trillion current LCU in 2023. ▲ Rising
Expense in Saudi Arabia, 2010–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2023, expense in Saudi Arabia stood at 1.11 trillion current LCU. That is the highest value across all 14 years on record.
The figure is up 8.4% on the previous year and up 51.2% over ten years.
Over the whole period, expense in Saudi Arabia peaked at 1.11 trillion current LCU in 2023 and was at its lowest, 484.00 billion current LCU, in 2010.
That places Saudi Arabia 59th out of 157 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 732.50 billion current LCU | 484.00 billion current LCU | 890.85 billion current LCU | 10 |
| 2020s | 992.49 billion current LCU | 920.65 billion current LCU | 1.11 trillion current LCU | 4 |
Countries ranked near Saudi Arabia
More public sector data for Saudi Arabia
- Arms imports 1.11 billion SIPRI trend indicator values (2024)
- Tax revenue 8.1% (2024)
- Taxes on income, profits and capital gains 2.5% (2024)
- Taxes on goods and services 22.9% (2024)
- Net investment in nonfinancial assets 4.1% (2024)
- Net lending (+) / net borrowing (-) -2.5% (2024)
- Interest payments 3.5% (2024)
- Grants and other revenue 69.8% (2024)
- Interest payments 3.4% (2023)
- Other taxes 2.8% (2024)
Frequently asked questions
- What is expense in Saudi Arabia?
- Expense in Saudi Arabia was 1.11 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Saudi Arabia?
- The highest recorded value was 1.11 trillion current LCU in 2023.
- What is the lowest expense recorded in Saudi Arabia?
- The lowest recorded value was 484.00 billion current LCU in 2010.
- How does Saudi Arabia rank for expense?
- Saudi Arabia ranks 59th out of 157 countries with data for 2023.
- Is expense rising or falling in Saudi Arabia?
- Over the last ten years it is up 51.2%. The long-run trend across the full record is rising.
- 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 Expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.