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 (2016): China, United States, and United Arab Emirates
Top 3 Exported Goods (2016): 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) $1,773,549,391,289 (2017)
GDP Growth Rate (annual %) -0.735% (2017)
GDP Per Capita, PPP (current international) $53,845 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 15/195 (2017)

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 %) -0.237% (2017)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 15.7% (2017)
Real Interest Rate (5 year average %) Data unavailable
Manufacturing, value added (% of GDP) 12.804% (2017)
Current Account Balance (BoP, current US$) ($23,842,752,835) (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 13,834,229 (2017)
Employment in Agriculture (% of total employment) 6.258% (2017)
Employment in Industry (% of total employment) 22.545% (2017)
Employment in Services (% of total employment) 71.197% (2017)
Unemployment Rate 5.523% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $192,406,133,333 (2017)
Exports of goods and services (current US$) $229,345,600,000 (2017)
Total Merchandise Trade (% of GDP) 51.036% (2017)
FDI, net inflows (BoP, current US$) $1,421,300,326 (2017)
Commercial Service Exports (current US$) $16,566,773,077 (2016)
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