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 (2018): China, United Arab Emirates, and United States
Top 3 Exported Goods (2018): 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) [1]

GDP, PPP (current international) $1,864,809,469,366 (2018)
GDP Growth Rate (annual %) 2.434% (2018)
GDP Per Capita, PPP (current international) $55,336 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 15/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 2.466% (2018)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 15.7% (2019)
Real Interest Rate (5 year average %) Data unavailable
Manufacturing, value added (% of GDP) 12.809% (2018)
Current Account Balance (BoP, current US$) $70,606,423,364 (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 14,628,469 (2019)
Employment in Agriculture (% of total employment) 4.819% (2019)
Employment in Industry (% of total employment) 24.365% (2019)
Employment in Services (% of total employment) 70.816% (2019)
Unemployment Rate 5.918% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $209,720,807,503 (2018)
Exports of goods and services (current US$) $313,841,774,640 (2018)
Total Merchandise Trade (% of GDP) 55.194% (2018)
FDI, net inflows (BoP, current US$) $4,247,084,539 (2018)
Commercial Service Exports (current US$) $18,974,468,000 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank