Constant GDP per capita for Saudi Arabia
NYGDPPCAPKDSAU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,917.19
Year-over-Year Change
5.39%
Date Range
1/1/1960 - 1/1/2024
Summary
This economic trend measures the constant GDP per capita for Saudi Arabia, a key indicator of economic growth and living standards in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Constant GDP per capita is a measure of a country's economic output adjusted for inflation and population size. It provides insights into changes in the standard of living and overall economic performance.
Methodology
The data is calculated by the World Bank using national accounts and population estimates.
Historical Context
This trend is closely watched by policymakers, analysts, and investors to assess Saudi Arabia's economic development and long-term growth prospects.
Key Facts
- Saudi Arabia's constant GDP per capita was $23,798 in 2021.
- GDP per capita has grown by over 40% in Saudi Arabia since 2000.
- The country aims to diversify its economy beyond oil and gas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the constant GDP per capita for Saudi Arabia, which represents the country's economic output adjusted for inflation and population size.
Q: Why is this trend relevant for users or analysts?
A: Constant GDP per capita is a crucial indicator of a country's standard of living and overall economic performance, providing insights into Saudi Arabia's development and growth prospects.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population estimates.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this trend to assess Saudi Arabia's economic development and inform decisions about investment, trade, and policy initiatives.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a slight delay in availability.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Saudi Arabia (NYGDPPCAPKDSAU), retrieved from FRED.