Taxes on goods and services in Saudi Arabia
Saudi Arabia: Taxes on goods and services was 288.81 billion current LCU in 2024. ◆ Volatile
Taxes on goods and services 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 taxes on goods and services in Saudi Arabia is 288.81 billion current LCU, measured in 2024. That is the highest value across all 15 years on record.
The figure is up 10.0% on the previous year and up 835.8% over ten years.
Over the whole period, taxes on goods and services in Saudi Arabia peaked at 288.81 billion current LCU in 2024 and was at its lowest, 21.87 billion current LCU, in 2010.
That places Saudi Arabia 59th out of 157 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 59.56 billion current LCU | 21.87 billion current LCU | 209.84 billion current LCU | 10 |
| 2020s | 243.49 billion current LCU | 163.35 billion current LCU | 288.81 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 taxes on goods and services in Saudi Arabia?
- Taxes on goods and services in Saudi Arabia was 288.81 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Saudi Arabia?
- The highest recorded value was 288.81 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Saudi Arabia?
- The lowest recorded value was 21.87 billion current LCU in 2010.
- How does Saudi Arabia rank for taxes on goods and services?
- Saudi Arabia ranks 59th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Saudi Arabia?
- Over the last ten years it is up 835.8%. The long-run trend across the full record is volatile.
- 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.