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See all on WikipediaEconomy of Saudi Arabia - Wikipedia
The economy of Saudi Arabia is the second-largest in the Middle East and the nineteenth-largest in the world. 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 revenue, with substantial fluctuations … See more
The following table shows the main economic indicators in 1980–2021 (with IMF staff estimates in 2022–2027). Inflation under 5% is in green.
Saudi oil reserves are … See moreAs of 2008, roughly two-thirds of workers employed in Saudi Arabia were foreigners, and in the private sector the proportion was approximately … See more
One of the fastest growing sectors in the country is real estate, supported by the introduction of real estate investment trusts (REITs). … See more
In 2010, the KSU Gazal-1, an SUV built by students at King Saud University, became the first mass-produced vehicle manufactured … See more
Saudi Arabia was a subsistence economy until the 1930s. In 1933, the Saudi government signed an oil concession agreement with the See more
Saudi Arabia has natural resources other than oil, including small mineral deposits of gold, silver, iron, copper, zinc, manganese, tungsten, lead, sulfur, phosphate, soapstone, and feldspar. The country has a small agricultural sector, primarily in the … See more
Saudi Arabia's private sector is dominated by a handful of big businesses in the service sector, primarily in construction and real estate, … See more
Wikipedia text under CC-BY-SA license Saudi Arabia's Economy Grows as it Diversifies - IMF
WebSep 28, 2023 · Saudi Arabia’s economy is undergoing a transformation, as it implements reforms to reduce oil dependence, diversify income sources, and enhance …
Saudi Arabia's Economic Update — April 2022 - World …
WebApr 14, 2022 · The report projects strong growth of 7% in 2022, driven by higher oil prices and non-oil activities, as the pandemic fades and oil production strengthens. It also assesses the risks and …
Interesting reads - Saudi arabia economy
Powered by Microsoft StartSaudi Arabia - Oil, Trade, Investment | Britannica
- Fueled by enormous revenues from oil exports, the economy boomed during the 1970s and ’80…
Long-range economic development has been directed through a series of five-year plans. The first two five-year plans (1970–75 and 1976–80) established most of the country’s basic transport and communications facilities. Subsequent plans sought to diversify the economy; to increase dome…
- Fueled by enormous revenues from oil exports, the economy boomed during the 1970s and ’80…
Saudi Arabia to Grow at Fastest Pace in a Decade - IMF
WebAug 17, 2022 · Saudi Arabia is likely to be one of the world’s fastest-growing economies this year as sweeping pro-business reforms and a sharp rise in oil prices and production power recovery from a pandemic …
Saudi Arabia economy grew 3.9% in Q1 boosted by non-oil activities
WebDUBAI, May 7 (Reuters) - Saudi Arabia's economy grew by 3.9% year-on-year in the first quarter of 2023, according to initial government estimates of real gross domestic product …
WebAnnual Report on the State of the Saudi Economy | 1444 AH - 2022. Executive Summary. Over the past three years, the Kingdom has successfully navigated numerous global …
Saudi Arabia Economy, Politics and GDP Growth Summary - The …
WebEconomy | March 14th 2024. GCC refining to shift further downstream in 2024-28. Recently completed standalone refineries could be the bloc's last, with petrochemicals integration …
WebSaudi economy grows by 6.8% in Q3/2021 - the highest growth since 2012. Real GDP Growth on an Annual Basis. According to flash estimates by the General Authority for …
WebSaudi economy grows by 5.5% in Q4/2022 and 8.7% for the year 2022. According to estimates by the General Authority for Statistics (GASTAT), the real Gross Domestic …
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