100+ datasets found
  1. Global monthly fuel price index 2021-2025

    • statista.com
    Updated Mar 4, 2025
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    Statista (2025). Global monthly fuel price index 2021-2025 [Dataset]. https://www.statista.com/statistics/1302801/monthly-fuel-energy-price-index-worldwide/
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    Dataset updated
    Mar 4, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2021 - Jan 2025
    Area covered
    Worldwide
    Description

    The global fuel energy price index stood at 188.62 index points in January 2025, up from 100 in the base year 2016. Figures increased that month due to a rise in crude oil prices as a result of new sanctions on Russian oil and greater heating fuel demand. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Global ramifications of the Russia-Ukraine war The invasion of Ukraine by Russia played a role in the surge of global inflation rates. Notably, Argentina bore the brunt, experiencing a hyperinflation rate of 92 percent in 2022. The war also exerted a significant impact on global gross domestic product (GDP) growth. Saudi Arabia emerged with a notable increase of nearly three percent, as several Western nations shifted their exports from Russia to Middle Eastern countries due to the sanctions imposed on the former.

  2. Gasoline report - international gasoline prices

    • ouvert.canada.ca
    • data.ontario.ca
    • +1more
    csv, xlsx
    Updated Mar 12, 2025
    + more versions
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    Government of Ontario (2025). Gasoline report - international gasoline prices [Dataset]. https://ouvert.canada.ca/data/dataset/db90f229-be24-468a-bbce-46f710e7af76
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    csv, xlsxAvailable download formats
    Dataset updated
    Mar 12, 2025
    Dataset provided by
    Government of Ontariohttps://www.ontario.ca/
    License

    Open Government Licence - Canada 2.0https://open.canada.ca/en/open-government-licence-canada
    License information was derived automatically

    Description

    This dataset provides monthly, quarterly and annual average regular or premium unleaded gasoline pump prices, taxes and ex-tax pump prices in Canada, USA, France, Germany, Britain and Japan, all converted to Canadian cents per litre. To view charts and current fuel price data you can also visit the motor fuel prices page. *[USA]: United States of America

  3. Global premium gasoline prices 2025, by select country

    • statista.com
    Updated Feb 13, 2025
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    Statista (2025). Global premium gasoline prices 2025, by select country [Dataset]. https://www.statista.com/statistics/1266921/automotive-unleaded-premium-prices-by-country/
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    Dataset updated
    Feb 13, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Feb 10, 2025
    Area covered
    World
    Description

    Hong Kong had the highest prices for premium gasoline (95-RON) on February 10, 2025. That day, prices averaged 3.39 U.S. dollars per liter, which was notably more than in any other country. While oil-rich countries enjoy some of the lowest gasoline prices, drivers in big car markets such as Europe pay around two U.S. dollars per liter.

  4. T

    GASOLINE PRICES by Country in EUROPE

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 28, 2017
    + more versions
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    TRADING ECONOMICS (2025). GASOLINE PRICES by Country in EUROPE [Dataset]. https://tradingeconomics.com/country-list/gasoline-prices?continent=europe
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    excel, csv, xml, jsonAvailable download formats
    Dataset updated
    May 28, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Europe
    Description

    This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  5. Gasoline prices in African countries 2024

    • statista.com
    Updated Mar 4, 2024
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    Statista (2024). Gasoline prices in African countries 2024 [Dataset]. https://www.statista.com/statistics/1297061/average-retail-prices-for-gasoline-in-africa-by-country/
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    Dataset updated
    Mar 4, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Feb 26, 2024
    Area covered
    Africa
    Description

    Consumers in Central African Republic paid the highest price for gasoline in Africa as of February 2024. One liter of the fuel cost on average 1.82 U.S. dollars in the country. In Zimbabwe and Senegal, the retail price for gasoline octane-95 reached on average 1.64 U.S. dollars per liter, the second-highest in the continent. On the other hand, consumers living in traditional crude oil producers in Africa, such as Nigeria, Algeria, Angola, Libya, and Egypt spent less money on gasoline. For instance, one liter cost 0.031 U.S. dollar in Libya, among the cheapest in the world.

  6. T

    Gasoline - Price Data

    • tradingeconomics.com
    • no.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Feb 15, 2025
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    TRADING ECONOMICS (2025). Gasoline - Price Data [Dataset]. https://tradingeconomics.com/commodity/gasoline
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    json, csv, xml, excelAvailable download formats
    Dataset updated
    Feb 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Oct 3, 2005 - Mar 27, 2025
    Area covered
    World
    Description

    Gasoline increased 0.22 USD/GAL or 10.89% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on March of 2025.

  7. S

    Saudi Arabia Fuel Prices: Retail: Gasoline 91

    • ceicdata.com
    Updated Dec 15, 2024
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    CEICdata.com (2024). Saudi Arabia Fuel Prices: Retail: Gasoline 91 [Dataset]. https://www.ceicdata.com/en/saudi-arabia/fuel-prices/fuel-prices-retail-gasoline-91
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    Dataset updated
    Dec 15, 2024
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2024 - Mar 1, 2025
    Area covered
    Saudi Arabia
    Variables measured
    Energy
    Description

    Saudi Arabia Fuel Prices: Retail: Gasoline 91 data was reported at 2.180 SAR/l in Mar 2025. This stayed constant from the previous number of 2.180 SAR/l for Feb 2025. Saudi Arabia Fuel Prices: Retail: Gasoline 91 data is updated monthly, averaging 2.180 SAR/l from Jul 2020 (Median) to Mar 2025, with 57 observations. The data reached an all-time high of 2.180 SAR/l in Mar 2025 and a record low of 1.290 SAR/l in Jul 2020. Saudi Arabia Fuel Prices: Retail: Gasoline 91 data remains active status in CEIC and is reported by Saudi Arabian Oil Company. The data is categorized under Global Database’s Saudi Arabia – Table SA.P016: Fuel Prices. [COVID-19-IMPACT]

  8. Petrol Price in International Market

    • indexbox.io
    doc, docx, pdf, xls +1
    Updated Mar 1, 2025
    + more versions
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    IndexBox Inc. (2025). Petrol Price in International Market [Dataset]. https://www.indexbox.io/search/petrol-price-in-international-market/
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    doc, xlsx, pdf, docx, xlsAvailable download formats
    Dataset updated
    Mar 1, 2025
    Dataset provided by
    IndexBox
    Authors
    IndexBox Inc.
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 2012 - Mar 26, 2025
    Area covered
    World
    Variables measured
    Price CIF, Price FOB, Export Value, Import Price, Import Value, Export Prices, Export Volume, Import Volume
    Description

    Learn about the various factors that influence the price of petrol in the international market, including supply and demand dynamics, geopolitical events, economic conditions, and government policies. Understand how these factors interact to cause daily fluctuations in petrol prices and how they can impact consumers, businesses, and economies worldwide.

  9. Average gasoline and diesel prices in the U.S. 2022-2025

    • statista.com
    Updated Mar 17, 2025
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    Statista (2025). Average gasoline and diesel prices in the U.S. 2022-2025 [Dataset]. https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/
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    Dataset updated
    Mar 17, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Apr 18, 2022 - Mar 17, 2025
    Area covered
    United States
    Description

    The average price for regular gasoline in the United States stood at 3.08 U.S. dollars per gallon on March 17, 2025. This compared to a diesel price of 3.59 U.S. dollars per gallon. Prices for gasoline and diesel decreased that week. Real price surge of 2022 and 2023 still below 2011 to 2014 prices When looking at the real price of gasoline over time, U.S. drivers had to pay notably more in the years between 2011 and 2014. The surge in prices noted throughout 2022 and partly for 2023, which followed supply constraints, was still lower in terms of real U.S. dollars. U.S. on the lower-end spectrum of worldwide motor fuel prices The U.S. has some of the lowest conventional motor fuel prices in the world. Although fuel prices are usually higher in high-income countries, the U.S. profits from its position as the world’s largest crude oil producer and can keep retail prices for oil products comparatively low. For example, among high-income countries, prices for automotive premium gasoline (RON 95) were only lower in Russia and Saudi Arabia - countries where crude oil and oil product exports are in part restricted by sanctions, thus keeping domestic supply high.

  10. T

    GASOLINE PRICES by Country in ASIA/1000

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Mar 26, 2025
    + more versions
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    TRADING ECONOMICS (2025). GASOLINE PRICES by Country in ASIA/1000 [Dataset]. https://tradingeconomics.com/country-list/gasoline-prices?continent=asia/1000
    Explore at:
    csv, json, xml, excelAvailable download formats
    Dataset updated
    Mar 26, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Asia
    Description

    This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  11. R

    Russia Average World Price: Diesel Fuel (Gasoil)

    • ceicdata.com
    Updated Jan 15, 2025
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    CEICdata.com (2025). Russia Average World Price: Diesel Fuel (Gasoil) [Dataset]. https://www.ceicdata.com/en/russia/average-world-prices-crude-oil-export-price-crude-oil-export-duty/average-world-price-diesel-fuel-gasoil
    Explore at:
    Dataset updated
    Jan 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2017 - Dec 1, 2018
    Area covered
    Russia
    Variables measured
    Trade Prices
    Description

    Russia Average World Price: Diesel Fuel (Gasoil) data was reported at 556.400 USD/Ton in Dec 2018. This records a decrease from the previous number of 644.300 USD/Ton for Nov 2018. Russia Average World Price: Diesel Fuel (Gasoil) data is updated monthly, averaging 654.000 USD/Ton from Jan 2009 (Median) to Dec 2018, with 119 observations. The data reached an all-time high of 1,030.100 USD/Ton in Mar 2012 and a record low of 292.500 USD/Ton in Jan 2016. Russia Average World Price: Diesel Fuel (Gasoil) data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty.

  12. T

    GASOLINE PRICES by Country in AFRICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 3, 2017
    + more versions
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    TRADING ECONOMICS (2017). GASOLINE PRICES by Country in AFRICA [Dataset]. https://tradingeconomics.com/country-list/gasoline-prices?continent=africa
    Explore at:
    json, xml, csv, excelAvailable download formats
    Dataset updated
    Jun 3, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2025
    Area covered
    Africa
    Description

    This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

  13. Change of gasoline price in selected countries 2019-2020

    • statista.com
    Updated May 21, 2024
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    Statista (2024). Change of gasoline price in selected countries 2019-2020 [Dataset]. https://www.statista.com/statistics/262745/change-of-gasoline-price-in-selected-countries/
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    Dataset updated
    May 21, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jun 2019 - Jun 2020
    Area covered
    Worldwide
    Description

    This statistic shows the change in the price of gasoline per liter in selected countries for the period between June 2019 and June 2020. The price changes concern unleaded premium (95 RON) for France, Germany, Italy, Spain, and the United Kingdom, and regular unleaded for Canada, Japan, and the United States (AKI 87). RON stands for Research Octane Number, while AKI means Anti-Knock Index. Both represent the most common octane rating in the countries shown. In June 2020, the gasoline price per liter in the U.S. was 23.4 percent lower than it was in June 2019.

    Influences on gasoline prices

    The price of gasoline is a frequently discussed issue, and is a part of almost everybody’s life in developed countries. Gasoline prices worldwide are dependent of a number of factors: crude oil prices, costs for processing and distribution, demand, strength of currencies, taxation, and availability. The most influential factor is the crude oil price. This price includes the costs for exploration, extraction, and transport. What the consumer pays in the end is also an issue of national oil pricing policy. Typical regions with high taxes on gasoline are European countries and Japan. Other countries keep consumer prices low by subsidizing the costs for gasoline. Among latter countries are the United States, Saudi Arabia, Iran, Venezuela, Egypt, Malaysia, Bolivia, and others. There are many other factors, however, which directly influence the price of gasoline. Wars, crises, and natural disasters in oil producing regions, for example, can obstruct the production and transportation, and thus cause higher crude oil prices. Last but not least, the end-consumer defines the price through his or her demand. A higher number of people driving cars means higher prices for gasoline, which is often the case in the summer months or holiday seasons.

  14. B

    Belgium Fuel Price: Avg: incl VAT: Gasoline: Super 95 E5

    • ceicdata.com
    Updated Apr 6, 2021
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    CEICdata.com (2021). Belgium Fuel Price: Avg: incl VAT: Gasoline: Super 95 E5 [Dataset]. https://www.ceicdata.com/en/belgium/fuel-prices/fuel-price-avg-incl-vat-gasoline-super-95-e5
    Explore at:
    Dataset updated
    Apr 6, 2021
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2024 - Mar 1, 2025
    Area covered
    Belgium
    Variables measured
    Price
    Description

    Belgium Fuel Price: Avg: incl VAT: Gasoline: Super 95 E5 data was reported at 1.672 EUR/l in Mar 2025. This records a decrease from the previous number of 1.711 EUR/l for Feb 2025. Belgium Fuel Price: Avg: incl VAT: Gasoline: Super 95 E5 data is updated monthly, averaging 1.520 EUR/l from Jan 2014 (Median) to Mar 2025, with 135 observations. The data reached an all-time high of 2.188 EUR/l in Jun 2022 and a record low of 1.211 EUR/l in Apr 2020. Belgium Fuel Price: Avg: incl VAT: Gasoline: Super 95 E5 data remains active status in CEIC and is reported by Directorate-General Statistics - Statistics Belgium. The data is categorized under Global Database’s Belgium – Table BE.P004: Fuel Prices.

  15. I

    Israel IL: Pump Price for Gasoline: USD per Liter

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com, Israel IL: Pump Price for Gasoline: USD per Liter [Dataset]. https://www.ceicdata.com/en/israel/transportation/il-pump-price-for-gasoline-usd-per-liter
    Explore at:
    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 1995 - Dec 1, 2016
    Area covered
    Israel
    Variables measured
    Vehicle Traffic
    Description

    Israel IL: Pump Price for Gasoline: USD per Liter data was reported at 1.570 USD in 2016. This records a decrease from the previous number of 1.880 USD for 2014. Israel IL: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 1.370 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 2.010 USD in 2012 and a record low of 0.730 USD in 1995. Israel IL: Pump Price for Gasoline: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Israel – Table IL.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

  16. N

    New Zealand Average Fuel Price: Petrol

    • ceicdata.com
    Updated Mar 15, 2023
    + more versions
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    CEICdata.com (2023). New Zealand Average Fuel Price: Petrol [Dataset]. https://www.ceicdata.com/en/new-zealand/average-fuel-price/average-fuel-price-petrol
    Explore at:
    Dataset updated
    Mar 15, 2023
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2022 - Dec 1, 2024
    Area covered
    New Zealand
    Variables measured
    Price
    Description

    New Zealand Average Fuel Price: Petrol data was reported at 2.594 NZD/l in Dec 2024. This records a decrease from the previous number of 2.627 NZD/l for Sep 2024. New Zealand Average Fuel Price: Petrol data is updated quarterly, averaging 0.998 NZD/l from Mar 1974 (Median) to Dec 2024, with 204 observations. The data reached an all-time high of 2.881 NZD/l in Jun 2022 and a record low of 0.121 NZD/l in Mar 1974. New Zealand Average Fuel Price: Petrol data remains active status in CEIC and is reported by Ministry of Business, Innovation and Employment. The data is categorized under Global Database’s New Zealand – Table NZ.P003: Average Fuel Price.

  17. Global diesel prices 2025, by select country

    • statista.com
    Updated Feb 13, 2025
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    Statista (2025). Global diesel prices 2025, by select country [Dataset]. https://www.statista.com/statistics/1266885/automotive-diesel-prices-by-country/
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    Dataset updated
    Feb 13, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Feb 10, 2025
    Area covered
    Worldwide
    Description

    Hong Kong has some of the highest diesel prices in the world. As of February 10, 2025, drivers in Hong Kong paid an average of 3.31 U.S. dollars per liter of automotive diesel. This was more than three times the amount paid by drivers in Mainland China. Lower prices are often linked to substantial domestic crude oil production and government subsidies, as is the case in countries such as Venezuela, Iran, and the United States.

  18. G

    Gasoline prices in South America | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Sep 6, 2019
    + more versions
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    Globalen LLC (2019). Gasoline prices in South America | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gasoline_prices/South-America/
    Explore at:
    xml, excel, csvAvailable download formats
    Dataset updated
    Sep 6, 2019
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1991 - Dec 31, 2016
    Area covered
    South America, World
    Description

    The average for 2016 based on 11 countries was 0.87 dollars. The highest value was in Uruguay: 1.5 dollars and the lowest value was in Venezuela: 0 dollars. The indicator is available from 1991 to 2016. Below is a chart for all countries where data are available.

  19. P

    Peru Fuel Price Index: Diesel Oil

    • ceicdata.com
    Updated Jan 15, 2025
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    CEICdata.com (2025). Peru Fuel Price Index: Diesel Oil [Dataset]. https://www.ceicdata.com/en/peru/fuel-price-index/fuel-price-index-diesel-oil
    Explore at:
    Dataset updated
    Jan 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Aug 1, 2018 - Jul 1, 2019
    Area covered
    Peru
    Description

    Peru Fuel Price Index: Diesel Oil data was reported at 90.922 2010=100 in Jul 2019. This records a decrease from the previous number of 91.686 2010=100 for Jun 2019. Peru Fuel Price Index: Diesel Oil data is updated monthly, averaging 96.663 2010=100 from Jan 2010 (Median) to Jul 2019, with 115 observations. The data reached an all-time high of 121.017 2010=100 in Jun 2012 and a record low of 65.381 2010=100 in Apr 2016. Peru Fuel Price Index: Diesel Oil data remains active status in CEIC and is reported by Central Reserve Bank of Peru. The data is categorized under Global Database’s Peru – Table PE.I018: Fuel Price Index.

  20. World Gasoline prices

    • knoema.com
    csv, json, sdmx, xls
    Updated Jan 2, 2025
    + more versions
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    Knoema (2025). World Gasoline prices [Dataset]. https://knoema.com/atlas/World/topics/Transportation/Road-transport/Gasoline-prices
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    csv, json, xls, sdmxAvailable download formats
    Dataset updated
    Jan 2, 2025
    Dataset authored and provided by
    Knoemahttp://knoema.com/
    Time period covered
    1998 - 2016
    Area covered
    World
    Variables measured
    Gasoline prices
    Description

    Gasoline prices of World plummeted by 27.61% from 1.34 US dollars per liter in 2014 to 0.97 US dollars per liter in 2016. Since the 15.57% surge in 2012, gasoline prices sank by 31.21% in 2016. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.

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Cite
Statista (2025). Global monthly fuel price index 2021-2025 [Dataset]. https://www.statista.com/statistics/1302801/monthly-fuel-energy-price-index-worldwide/
Organization logo

Global monthly fuel price index 2021-2025

Explore at:
Dataset updated
Mar 4, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Jan 2021 - Jan 2025
Area covered
Worldwide
Description

The global fuel energy price index stood at 188.62 index points in January 2025, up from 100 in the base year 2016. Figures increased that month due to a rise in crude oil prices as a result of new sanctions on Russian oil and greater heating fuel demand. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Global ramifications of the Russia-Ukraine war The invasion of Ukraine by Russia played a role in the surge of global inflation rates. Notably, Argentina bore the brunt, experiencing a hyperinflation rate of 92 percent in 2022. The war also exerted a significant impact on global gross domestic product (GDP) growth. Saudi Arabia emerged with a notable increase of nearly three percent, as several Western nations shifted their exports from Russia to Middle Eastern countries due to the sanctions imposed on the former.

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