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: United States, China, and Germany
Top 3 Exported Goods: Oil & Mineral Fuels, Oil & Mineral Fuels, and Plastics

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) $1,603,763,681,422 (2014)
GDP Growth Rate (annual %) 3.468% (2014)
GDP Per Capita, PPP (current international) $51,924 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 14/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 2.671% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 14.5% (2014)
Real Interest Rate (5 year average %) Data unavailable
Manufacturing, value added (% of GDP) 10.857% (2014)
Current Account Balance (BoP, current US$) $76,915,726,983 (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 11,750,920 (2013)
Employment in Agriculture (% of total employment) 4.7% (2012)
Employment in Industry (% of total employment) 24.7% (2012)
Employment in Services (% of total employment) 70.7% (2012)
Unemployment Rate 5.7% (2013)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $255,382,933,333 (2014)
Exports of goods and services (current US$) $354,541,333,333 (2014)
Total Merchandise Trade (% of GDP) 69.214% (2014)
FDI, net inflows (BoP, current US$) $8,011,786,667 (2014)
Commercial Service Exports (current US$) $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