Current Account Balance in Saudi Arabia
The current account balance in Saudi Arabia averaged 4.6% of GDP in the decade to 2022, well above the Middle East & North Africa average of 2.6% of GDP. The 2022 reading was 13.8% of GDP. For more current account information, visit our dedicated page.
Saudi Arabia Current Account Chart
Note: This chart displays Current Account (% of GDP) for Saudi Arabia from 2014 to 2023.
Source: Macrobond.
Saudi Arabia Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 4.6 | -3.5 | 4.8 | 13.7 | 3.2 |
| Current Account Balance (USD bn) | 38.4 | -25.5 | 41.7 | 151.3 | 34.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Saudi Arabian current account projections for the next ten years from a panel of 24 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Saudi Arabian current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Saudi Arabian current account projections.
Want to get access to the full dataset of Saudi Arabian current account forecasts? Send an email to info@focus-economics.com.