24Peaks / Asia / Saudi Arabia / Subsidies (% of GDP)

Saudi Arabia - Subsidies (% of GDP) 0.92

IMF GFS (accrual) · updated 2026-10-03 · 103 economies tracked

Latest value

0.92 (2024)

Global rank

#n/a of 103 economies

Share of global total

0.8%

Growth since 2018

1.92×

Ranking Race — Subsidies (% of GDP)

1 = global #1 · higher value ranks higher

#1#14#27#40#53#66#79201720222025#68#482023 overtook Israel2024 overtook Spain
Saudi ArabiaTürkiyeCanadaNew ZealandMauritius

Real annual global ranks, 2017 - 2025. Saudi Arabia climbed from #68 to #48 (overtook Israel). Gaps in a lane = missing data that year.

Key events for Saudi Arabia ↓

Key Events — Saudi Arabia

Auto-detected from rank data + curated milestones

2019
Climbed 17 places in global rank auto
2020
Fell 15 places in global rank auto
2020
Oil price war and pandemic curated

Prices turn negative briefly before a managed recovery.

2023
Overtook Israel in global rank auto
2024
Overtook Spain in global rank auto
2024
Climbed 16 places in global rank auto

Subsidies (% of GDP), 2018-2024

IMF GFS (accrual) · % of GDP · linear scale · ranking in the race above
2018202320240.480.720.971.21
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