The population of
Saudi Arabia is 34 million with a land area of 830,000 square miles. Labor
force is 12.34 million (80% foreign workers). Labor force by occupation is
agriculture 6.7%, industry 21.4%, services 71.9%.
Nominal GDP was $708
billion. GEP Rank was 19th. GDP growth was 2%. Nominal per capita
GDP was $21,120. GDP by sector was agriculture 2.6%, industry 44.2%, services
53.2%.
Main industries
include crude oil production, petroleum refining, petrochemicals, ammonia, industrial
gases, sodium hydroxide, cement, fertilizer, plastics, metals, ship repair,
aircraft repair and construction. Ease of doing business rank 92nd.
Exports were $231.3
billion of petroleum and petroleum products (90%) sold to China 13.6%, Japan
11.3%, India 10.7%, US 10%. South Korea 9%, Singapore 4.7%.
Imports were $136.8
billion of machinery, equipment, food, chemicals, vehicles, textiles from China
19.2%, US 15%, Germany 6.3%, Japan 5.3%, UAE 5%, South Korea 5%.
Government revenue
$171.6 billion, spending $227.8 billion. Debt to GDP 30%. Reserves $487
billion.
Comments
Saudi Arabia trades
with all countries on all continents. 90% of exports are oil. The Labor force
is 80% foreign. Only Muslims are allowed in Mecca and Medina.
Norb Leahy, Dunwoody
GA Tea Party Leader
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