Saudi Arabia Key Figures
- Population:
- 36.9 million
- GDP growth rate:
- -0.8 %/year
- Energy independence:
- 100%
Data of the last year available: 2023
- Total consumption/GDP:*
- 106 (2005=100)
- CO2 Emissions:
- 17.0 tCO2/capita
- Rate of T&D power losses:
- 10.3%
* at purchasing power parity
View all macro and energy indicators in the Saudi Arabia energy report
Saudi Arabia Energy News
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Saudi Arabia Energy Research
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Saudi Arabia Total Energy Consumption
Consumption per capita is very high, reaching 7.5 toe in 2023, including about 9.2 MWh of electricity.
Total energy consumption remained stable in 2023, after a strong increase of 9% to 280 Mtoe in 2022; it fluctuated around 250 Mtoe from 2015 to 2021. It had increased rapidly before 2015 (4.5%/year), driven by sustained economic growth combined with low energy prices.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Interactive Chart Saudi Arabia Total Energy Consumption
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Saudi Arabia energy report
Saudi Arabia Crude Oil Production
Total oil production decreased by 9% in 2023 to 542 Mt, of which 88% is crude oil (14% of the global production). It increased by 16% in 2022 to a record level of 598 Mt. Over the first 9 months of 2024, production decreased by 7%. Oil production had previously increased by 20% between 2010 and 2019 (and by 26% since 2000) and decreased by 7% until 2021. Saudi Arabia surpassed Russia in 2022 as the second largest producer, behind the US.
The OPEC+ production quota for Saudi Arabia has been 10.48 mb/d since November 2022 and will remain at this level until the end of 2024.
Interactive Chart Saudi Arabia Crude Oil Production
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Additionally, for more detailed information on refineries, you can request a sample of our EMEA Refineries Dataset
Saudi Arabia Renewable in % Electricity Production
A Supreme Committee for Energy Mix Affairs, for Electricity Production and Enabling Renewable Energy was established in 2020 to oversee renewable energy projects.
REPDO, the Renewable Energy Projects Development Office under the Mistry of Energy, oversees the National Renewable Energy Program and regularly calls for bids.
The Saudi Green initiative launched in 2021 set a target of 50% renewables in the power mix in 2030.
Interactive Chart Saudi Arabia Share of Renewables in Electricity Production (incl hydro)
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Saudi Arabia CO2 Fuel Combustion/CO2 Emissions
In its updated NDC (2021), Saudi Arabia set the objective of reducing GHG emissions by 278 MtCO2eq by 2030 compared to 2019 levels (646 MtCO2eq). The NDC also pledged to reach net-zero emissions by 2060.
In addition to the target of 50% renewables in the power mix by 2030, Saudi Arabia wants to develop green hydrogen production, carbon capture, use and storage (CCUS), and to reduce global methane emissions by 30% in 2030, compared to 2020 levels.