Saudi Arabia Economy

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 19^th. 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 92^nd.

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.

https://en.wikipedia.org/wiki/Economy_of_Saudi_Arabia

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