Saudi Arabia: Economy

Economic Trivia

Saudi Arabia is the world's largest petroleum exporter.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): China, United States, and United Arab Emirates
Top 3 Exported Goods (2015): Oil & Mineral Fuels, Plastics, and Organic Chemicals

Top Industries Source: CIA World Factbook

Crude Oil Production; Petroleum Refining; Basic Petrochemicals; Ammonia

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $1,685,203,505,624 (2015)
GDP Growth Rate (annual %) 3.486% (2015)
GDP Per Capita, PPP (current international) $53,430 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 14/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 2.185% (2015)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 15% (2015)
Real Interest Rate (5 year average %) Data unavailable
Manufacturing, value added (% of GDP) 12.3% (2015)
Current Account Balance (BoP, current US$) ($53,477,924,960) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 12,134,929 (2014)
Employment in Agriculture (% of total employment) 4.9% (2013)
Employment in Industry (% of total employment) 24.2% (2013)
Employment in Services (% of total employment) 70.9% (2013)
Unemployment Rate 5.6% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $250,506,400,000 (2015)
Exports of goods and services (current US$) $218,024,266,667 (2015)
Total Merchandise Trade (% of GDP) 68.561% (2014)
FDI, net inflows (BoP, current US$) $8,141,026,667 (2015)
Commercial Service Exports (current US$) $11,662,763,493 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Saudi Arabia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary