Subsidies and other transfers in Saudi Arabia
Saudi Arabia: Subsidies and other transfers was 139.62 billion current LCU in 2024. ▲ Rising
Subsidies and other transfers in Saudi Arabia, 2010–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for subsidies and other transfers in Saudi Arabia is 139.62 billion current LCU, measured in 2024. That is the highest value across all 15 years on record.
That represents a change of up 12.0% on the previous year and up 43.1% over ten years.
Over the whole period, subsidies and other transfers in Saudi Arabia peaked at 139.62 billion current LCU in 2024 and was at its lowest, 34.05 billion current LCU, in 2010.
Saudi Arabia ranks 75th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 78.62 billion current LCU | 34.05 billion current LCU | 137.13 billion current LCU | 10 |
| 2020s | 119.64 billion current LCU | 103.25 billion current LCU | 139.62 billion current LCU | 5 |
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 subsidies and other transfers in Saudi Arabia?
- Subsidies and other transfers in Saudi Arabia was 139.62 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Saudi Arabia?
- The highest recorded value was 139.62 billion current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in Saudi Arabia?
- The lowest recorded value was 34.05 billion current LCU in 2010.
- How does Saudi Arabia rank for subsidies and other transfers?
- Saudi Arabia ranks 75th out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Saudi Arabia?
- Over the last ten years it is up 43.1%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.