The Gross Domestic Product per capita in Saudi Arabia was last recorded at 23331.77 US dollars in 2023. The GDP per Capita in Saudi Arabia is equivalent to 185 percent of the world's average. This dataset provides the latest reported value for - Saudi Arabia GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The gross domestic product (GDP) per capita in Saudi Arabia amounted to about 30.75 thousand U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by approximately 11.21 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by around 3.82 thousand U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

GDP per capita (current US$) in Saudi Arabia was reported at 32094 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Saudi Arabia - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Saudi Arabia GDP per capita for 2023 was $32,094, a 6.85% decline from 2022.

<ul style='margin-top:20px;'>

<li>Saudi Arabia GDP per capita for 2022 was <strong>$34,454</strong>, a <strong>21.33% increase</strong> from 2021.</li>
<li>Saudi Arabia GDP per capita for 2021 was <strong>$28,396</strong>, a <strong>22.02% increase</strong> from 2020.</li>
<li>Saudi Arabia GDP per capita for 2020 was <strong>$23,271</strong>, a <strong>16.57% decline</strong> from 2019.</li>
</ul>GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.

The Gross Domestic Product per capita in Saudi Arabia was last recorded at 55055.40 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Saudi Arabia, when adjusted by Purchasing Power Parity is equivalent to 310 percent of the world's average. This dataset provides - Saudi Arabia GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The timeline shows the gross domestic product of Saudi Arabia from 1987 to 2024, with projections up until 2030. In 2024, Saudi Arabia's gross domestic product (GDP) amounted to approximately ******** billion U.S. dollars.

Adjusted net national income per capita (current US$) in Saudi Arabia was reported at 18838 USD in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Saudi Arabia - Adjusted net national income per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Adjusted net national income per capita (annual % growth) in Saudi Arabia was reported at --12.4 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Saudi Arabia - Adjusted net national income per capita (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

The statistic depicts Mexico's gross domestic product (GDP) per capita from 1987 to 2020, with projections up until 2030. The GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator for the economic strength of a country. In 2020, Mexico's GDP per capita amounted to approximately 8,744.03 U.S. dollars. For further information, see Mexico's GDP. Economy of Mexico Mexico is the third largest economy in North America and is swiftly becoming a modernized nation with more industrial and service sectors to maintain and promote economic growth nationwide. Mexico is primarily an export-oriented economy and has seen constant growth in regards to the export of goods every year over the past decade, with the exception of 2009. Mexico is also considered to be one of the premier exporters in the world, exporting more goods and services than other export-prominent countries such as Saudi Arabia and India. Like many other industrial countries worldwide, Mexico experienced an economic downturn during the global financial crisis. Several indicators of Mexico’s economic slump would be a spike in unemployment as well as a significant drop in GDP in 2009. Additionally, inflation rates slightly increased over the course of 2 years. However, Mexico’s economy evidently recovered, in particular with its inflation rate, which reached a decade low, as well as its gross domestic product per capita, which attained decade high values, both in 2014.

Historical chart and dataset showing Saudi Arabia gni per capita by year from 1962 to 2023.

GNI per capita, PPP (current international $) in Saudi Arabia was reported at 61440 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Saudi Arabia - GNI per capita, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Saudi Arabia Small Home Appliances Market size was valued at USD 1.56 Billion in 2024 and is projected to reach USD 2.85 Billion by 2032, growing at a CAGR of 7.8% from 2025 to 2032.

Saudi Arabia Small Home Appliances Market Dynamics

The key market dynamics that are shaping the Saudi Arabia small home appliances market include:

Key Market Drivers

Increasing Disposable Income: Saudi Arabia's growing economy and rising disposable incomes have led to increased consumer spending on home appliances. In 2023, the per capita income increased by 2.3%, resulting in a demand for advanced, technologically advanced appliances. This shift in purchasing power is expected to support market growth in smart kitchen devices, cleaning tools, and personal care products.

The GCC mutual fund market exhibits robust growth potential, driven by increasing disposable incomes, a burgeoning middle class, and supportive government initiatives promoting financial inclusion and diversification within the region. The market's Compound Annual Growth Rate (CAGR) exceeding 5.50% indicates a healthy expansion trajectory, projected to continue through 2033. This growth is fueled by a diversification of investment options beyond traditional asset classes, with rising interest in equity, real estate, and alternative investment funds like bonds and commodities. While the exact market size for 2025 is unavailable, given a CAGR above 5.5% and a likely base year value (2019-2024 average) in the hundreds of millions, a conservative estimate for the 2025 market size places it in the range of $500 million to $750 million. Saudi Arabia, with its substantial population and economic activity, is expected to remain the largest national market, followed by the UAE (Abu Dhabi and Dubai) and Qatar. Kuwait's market is poised for moderate growth, benefiting from its relatively high per capita income. Regulatory frameworks and investor education initiatives are crucial for sustained growth. Challenges remain, including market volatility influenced by global economic conditions and the relatively nascent stage of the mutual fund industry compared to more developed markets. Nevertheless, the long-term outlook for the GCC mutual fund market is positive, with increasing competition among established players like Riyad Capital, NCB Capital, and Samba Capital, alongside the entry of international firms. Product innovation and targeted marketing strategies focusing on specific investor demographics will be key success factors in the coming years. This market's strong fundamentals and projected growth make it an attractive prospect for both domestic and international investors. Recent developments include: May 2023: Saudi-based Riyad Capital has launched the Riyad Real Estate Development fund - Durrat Hitteen, in partnership with property developer Al Ramz Real Estate Company. The fund, with a value exceeding SAR0.5 billion (USD 133.3 million), aims to develop a mixed-use project in the Hitteen district in Riyadh with a total area of 27,119 square meters., January 2022: Saudi National Bank (SNB) announced the completion of the merger between NCB and Samba Financial Group, making it the largest and fastest merger in the history of the region. The merger included five key areas consisting of migrating personal and corporate customer accounts, migrating treasury, NCB Capital, and Samba Capital customers, in addition to migrating other administrative sectors and the merger of both banks' branches.. Key drivers for this market are: Economic Growth, Rising Wealth and Income Levels. Potential restraints include: Economic Growth, Rising Wealth and Income Levels. Notable trends are: Emerging Leadership of Saudi Arabia in GCC Capital Markets.

The global foot care device market is expected to witness robust growth during the forecast period, owing to its rising demand. Foot care devices are used for a variety of purposes such as moisturizing and cleansing feet, removing calluses and corns, relieving tired or sore feet, etc. The major driving factor for this market is rising awareness about foot hygiene among people across the globe.

A foot care device is a type of equipment designed and manufactured to take good and proper care of the feet. It can be used for men, women, or an entire family depending on the product it has been designed with.

On the basis of types, the market is segmented into Foot Creams, foot sprays.

Foot Creams:

Foot creams are the most used foot care device in homes and salons. It is a cream meant for application on feet to provide moisture, remove calluses and corns, reduce wrinkles and maintain good health of the feet.

Foot Sprays:

Foot sprays are used for cleaning the feet. They act as a substitute for washing your feet with water and soap, which is more time-consuming. It can be directly sprayed on the affected area of the foot or applied using an applicator like lotions bottles.

On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

North America is considered to be the most dominant market in terms of revenue. The U.S., Canada, Mexico, and others are included under this region. Latin America is expected to witness rapid growth in the foot care device market during the forecast period. The growing trend of digital marketing and online shopping is one of the major factors driving this market as it has created a huge potential for business opportunities across Latin America, from Mexico City to Rio de Janeiro. Europe holds a prominent share in terms of revenue generated by foot care devices owing to a large number of manufacturers operating within it. Germany, U.K., France, and others are included in this region.

The Asia Pacific is considered as a lucrative opportunity among all other regions due to its close proximity with countries such China and India which have more than 50% contribution towards world's population at present-day scenario along with high per capita income & disposable incomes leading to rising demand for foot care devices. The Middle East & Africa offers immense opportunities for this market considering its rapid industrialization along with rising disposable incomes among middle-class families in some regions like UAE, Saudi Arabia, South Africa, etc.

Growth Factors of the Foot Care Device Market:

The foot care device market is expected to grow due to a rise in the aging population across the globe. The elderly segment of society has a higher risk of developing foot-related diseases such as calluses, corns, bunions, arthritis, and other conditions which can be treated using this equipment. In addition, growing awareness about hygiene among people along with the availability of advanced technologies for manufacturing these devices would further fuel the demand over the coming years. Moreover, increasing disposable incomes especially in regions such as APAC & MEA are also fueling growth in this market during the forecast period from 2021–2028.

Report Scope

Gold Jewelry Market Outlook

In 2023, the global gold jewelry market size was valued at approximately USD 202 billion and is projected to reach around USD 318 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.3% over the forecast period. The growth of this market is primarily driven by rising consumer disposable incomes, increasing demand for luxury goods, and the cultural significance of gold jewelry in various parts of the world. These factors combined are expected to drive substantial growth in the gold jewelry market over the coming years.

One of the most significant growth factors in the gold jewelry market is the increasing disposable income of consumers worldwide. As economies grow, the middle class expands, and more individuals have higher purchasing power. This trend is particularly noticeable in emerging markets such as China and India, where a burgeoning middle class is showing a growing appetite for gold jewelry. Additionally, gold jewelry is often seen as a status symbol and a form of investment, further encouraging purchases among affluent consumers.

Another notable driver for the gold jewelry market is the cultural and traditional significance of gold in many regions. In countries like India, gold jewelry plays a vital role in various ceremonies, including weddings and festivals. The cultural attachment to gold jewelry ensures consistent demand, irrespective of economic volatility. Moreover, traditional designs continue to evolve, blending with contemporary styles and thereby attracting both older and younger generations.

Technological advancements in jewelry-making processes are also contributing to market growth. Innovations such as 3D printing and computer-aided design (CAD) are enabling jewelers to create intricate designs with greater precision and at a lower cost. This technological integration not only enhances the aesthetic appeal of gold jewelry but also makes customization more accessible to consumers, thus broadening the market base.

The Gems and Jewellery industry plays a pivotal role in the gold jewelry market, contributing significantly to its growth and diversification. This sector encompasses a wide range of products, from traditional gold ornaments to contemporary designs, catering to diverse consumer preferences. The global appeal of gems and jewellery is not only rooted in their aesthetic value but also in their cultural and emotional significance. As consumers increasingly seek personalized and meaningful pieces, the integration of gems with gold jewelry offers a unique value proposition. This trend is further amplified by the rising demand for bespoke jewellery, where consumers can choose specific gemstones to complement their gold pieces, creating a personalized touch that resonates with their individual tastes and stories.

Regionally, the Asia Pacific region dominates the gold jewelry market, accounting for more than 60% of global consumption. Countries like India and China are the primary drivers in this region due to their large populations and deep-rooted cultural affinity for gold jewelry. North America and Europe also represent significant markets, driven by high per capita income and a preference for luxury products. The Middle East & Africa region, although smaller in market size, is growing rapidly owing to increased investments and high disposable incomes in countries like the UAE and Saudi Arabia.

Product Type Analysis

The gold jewelry market is segmented by product type into necklaces, rings, earrings, bracelets, and others. Each of these segments has its unique demand drivers and market dynamics. Necklaces represent a significant portion of the market due to their popularity in cultural and traditional ceremonies, especially in regions like Asia and the Middle East. The demand for necklaces is also driven by their versatility and availability in various designs and price ranges, making them accessible to a broad audience.

Rings are another essential segment within the gold jewelry market. Engagement and wedding rings hold significant sentimental value and are a staple in many cultures worldwide. The increasing trend of personalized and customized rings is driving this segmentÂ’s growth. Consumers are willing to invest in unique designs that reflect their personal stories, thereby fueling the market. Additionally, rings are often seen as investment pieces, adding to their allure.

Earrings are

GDP Growth Non Oil Sector in Saudi Arabia increased to 4.94 percent in the first quarter of 2025 from 4.83 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Saudi Arabia GDP Growth Non Oil Sector.