Economy of Saudi Arabia
Economy of Saudi Arabia
Currency
Saudi Riyal (SAR)
Fiscal year
Calendar year
Trade
organisations
WTO,OPEC
Statistics
GDP
$600.4 billion (2008 est.)
GDP growth
6% (2008 est.)
GDP per capita $21,300 (2008 est.)
GDP by sector
agriculture: 3.1% industry:
61.6% services: 35.4% (2008
est.)
Inflation (CPI)
10.3% (2008 est.)
Labour force
6.74 million (2008 est.) note:
about one-third of the
population in the 15-64 age
group is non-national
Labour force
by occupation
agriculture: 6.7% industry:
21.4% services: 71.9% (2005
est.)
Unemployment 11.8% among Saudi males
(2008 est.)
Main
industries
crude oil production,
petroleum refining, basic
petrochemicals, ammonia,
industrial gases, sodium
hydroxide (caustic soda),
cement, fertilizer, plastics,
metals, commercial ship
repair, commercial aircraft
repair, construction [2007]
External
Exports
$329.7 billion f.o.b. (2008
est.)
Export goods
petroleum and petroleum
products 90%
Main export
partners
US 17.1%, Japan 16.3%,
South Korea 9.7%, China
8.1%, Taiwan 4.7%,
Singapore 4% (2007)
Imports
$107.4 billion f.o.b. (2008
est.)
Import goods
machinery and equipment,
foodstuffs, chemicals, motor
vehicles, textiles
Main import
partners
US 12.6%, China 9.4%,
Germany 8.8%, Japan 8.1%,
Italy 5%, South Korea 4.9%,
UK 4.5% (2007)
Gross External
Debt
$71.56 billion (31 December
2008 est.)
Public finances
Public Debt
17.7% of GDP (2008 est.)
Revenues
$205 billion (2008)
Expenses
$146 billion (2008)
Economic aid
(Donor) $100 million in 1993
to Lebanon; since 2000,
Saudi Arabia has committed
$307 million to Palestinians;
pledged $240 million to
Afghanistan; pledged $1
billion in export guarantees
and soft loans to Iraq.
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US
dollars
Graph of Top Oil Producing Counties, includ-
ing Saudi Arabia Production [1]
Saudi Arabia has an oil-based economy
with strong government control over major
economic activities. Saudi Arabia possesses
25% of
the world’s proven petroleum
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