Economy of Saudi Arabia
Saudi Arabia has a high-income developing economy highly reliant on its petroleum sector. Oil and gas account for approximately 22.3% of Saudi GDP and 55% of government revenue, with... Wikipedia
- Currency: Saudi riyal (SAR,)
- Fixed exchange rates: 1 USD=3.75 SAR
- Fiscal year: Calendar year
- Trade organisations: G20, OPEC, WTO, and GCC
- Population: 32,175,224 (2022 census)
- GDP: $1.389 trillion (nominal, 2026), $2.895 trillion (PPP, 2026)
- GDP rank: 19th (nominal, 2025), 17th (PPP, 2025)
- GDP growth: -0.8% (2023), 1.5% (2024f), 4.6% (2025f)
- GDP per capita: $37,811 (nominal, 2026), $78,815 (PPP, 2026)
- GDP per capita rank: 34th (nominal, 2024), 25th (PPP, 2024)
- GDP by sector: Agriculture: 2.7%, Industry: 46%, Services: 51.3% (2023 est.)
- Inflation (CPI): 1.6% (2024)
- Gini coefficient: 45.9 high (2013 est.)
- Human Development Index: 0.900 very high (2023) (37th)
- Labour force: 16.934 million (2023 est.), 63.9% employment rate (2023)
- Labour force by occupation: (2005 est.), agriculture: 6.7%, industry: 21.4%, services: 71.9%
- Unemployment: 4.88% (2023 est.)
- Main industries: Crude oil production, petroleum refining, petrochemicals, ammonia, industrial gases, sodium hydroxide, cement, fertilizer, plastics, metals
- Exports: $370.974 billion (2023 est.)
- Export goods: Crude petroleum, refined petroleum, polymers, industrial alcohols, natural gas (2019)
- Main export partners: 21.5%, 11.6%, 11.6%, 5.5% (2022), 4.5% (2023)
- Imports: $291.565 billion (2023 est.)
- Import goods: Machinery and equipment, chemicals, packaged medicine, motor vehicles, textiles, broadcasting equipment, telephones
- Main import partners: 21.3%, 7.6%, 7.3%, 5.7% (2022), 4.7% (2023)
- Current account: $34.07 billion (2023 est.)
- Gross external debt: $205.1 billion (31 December 2017 est.)
- Public debt: 31.8% of GDP (2025 est.)
- Revenues: 398.023 billion (2022 est.)
- Expenses: 315.007 billion (2023 est.)
- Foreign reserves: $457.949 billion (2023) (7th)
- Data source: DuckDuckGo