The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal ...
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Saudi Arabia
Country in the Middle East
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Saudi Arabia, officially the Kingdom of Saudi Arabia, is a country in West Asia and the Middle East. It covers the bulk of the Arabian Peninsula and has a land area of about 2150000 km², making it the fifth-largest country in Asia and the largest... Wikipedia
GDP growth rate: 8.7% annual change (2022)
Gross domestic product: 1.109 trillion USD (2022)
GDP per capita: 30,447.88 USD (2022)
Gross national income: 2.18 trillion PPP dollars (2022)
GNI per capita: 59,870 PPP dollars (2022)
Internet users: 100.0% of the population (2022)
Currency: Saudi Riyal
Source: World Bank
Sep 28, 2023 · Saudi Arabia's economy is undergoing a transformation, as it implements reforms to reduce oil dependence, diversify income sources, and enhance ...
The economy of Saudi Arabia is dominated by petroleum and its associated industries. In terms of oil reserves, Saudi Arabia ranks first internationally, with ...
Apr 23, 2024 · Saudi's non-oil economy grew despite a steep drop in oil revenues in 2023 · Annual real GDP growth by economic activity, % · Vision becoming ...
Apr 2, 2024 · Saudi Arabia Hits Milestone In Shift Away From Oil Economy ... With Saudi Arabia's non-oil sector reaching 50% of GDP for the first time last year ...
May 1, 2024 · Saudi Arabia's economy contracted for a third straight quarter following the kingdom's decision to cut petroleum production, while non-oil ...
Saudi Arabia's economy stands at a crossroads. The current economic model is driven by oil exports, which account for 84 percent of exports and 42 percent of ...
Saudi Arabia's economic freedom score is 61.9, making its economy the 69th freest in the 2024 Index of Economic Freedom. Its rating has increased by 3.6 ...
May 28, 2024 · In 2016, the Saudi Government announced broad socio-economic reforms known as Vision 2030. Low global oil prices in 2015 and 2016 significantly ...
Saudi Arabia possesses around 17 per cent of the world's proven petroleum reserves. Apart from petroleum, the Kingdom's other natural resources include natural ...