Saudi Arabia Economic Statistics and Indicators

21, May 2018, EDT. Welcome to the Saudi Arabia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Saudi Arabia › Change country
National or Regional Currency: Saudi Riyal, SAR
Year of data: 2015 › Change year
Number of Indicators Listed: 38
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 27,345,986 ; note: immigrants make up more than 30% of the total population, according to UN data (2013) (July 2014 est.)
Area: total: 2,149,690 sq km ; land: 2,149,690 sq km ; water: 0 sq km
Natural Resources: petroleum, natural gas, iron ore, gold, copper
Capital: name: Riyadh ; geographic coordinates: 24 39 N, 46 42 E ; time difference: UTC+3 (8 hours ahead of Washington, DC, during Standard Time)

Saudi Arabia has an oil-based economy with strong government controls over major economic activities. It possesses about 16% of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. The petroleum sector accounts for roughly 80% of budget revenues, 45% of GDP, and 90% of export earnings. Saudi Arabia is encouraging the growth of the private sector in order to diversify its economy and to employ more Saudi nationals. Diversification efforts are focusing on power generation, telecommunications, natural gas exploration, and petrochemical sectors. Over 6 million foreign workers play an important role in the Saudi economy, particularly in the oil and service sectors, while Riyadh is struggling to reduce unemployment among its own nationals. Saudi officials are particularly focused on employing its large youth population, which generally lacks the education and technical skills the private sector needs. Riyadh has substantially boosted spending on job training and education, most recently with the opening of the King Abdallah University of Science and Technology - Saudi Arabia's first co-educational university. As part of its effort to attract foreign investment, Saudi Arabia acceded to the WTO in 2005. The government has begun establishing six "economic cities" in different regions of the country to promote foreign investment and plans to spend $373 billion between 2010 and 2014 on social development and infrastructure projects to advance Saudi Arabia's economic development.
More on the Saudi Arabia Economy
More on the Saudi Arabia Export, Import and Trade

Economic Indicator Listing
  For Saudi Arabia in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 3.353 %
GDP (Current Prices, National Currency)SAR 2,449.57 Billion.
GDP (Current Prices, US Dollars)US$ 653.219 Billion
GDP Deflator 97.299 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)SAR 80,213.64 .
GDP Per Capita (Current Prices, National Currency)SAR 78,047.20 .
GDP Per Capita (Current Prices, US Dollars)US$ 20,812.59
GDP (PPP), US DollarsUS$ 1,683.04 Billion
GDP Per Capita (PPP), US DollarsUS$ 53,624.40
GDP Share of World Total (PPP) 1.483 %
Implied PPP Conversion Rate 1.455
Investment (% of GDP) 27.599 %
Gross National Savings (% of GDP) 21.249 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 132.941 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 2.189 %
Inflation, End of Year (Indexed to Year 2000) 134.527 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 2.27 %
Import Volume of All Items Including Goods and Services (Percent Change) 0.669 %
Import Volumes of Goods Only (Percent Change) 2.495 %
Export Volume of All Items Including Goods and Services (Percent Change) 9.333 %
Export Volumes of Goods Only (Percent Change) 5.988 %
Unemployment Rate (% of Labour Force) n/a %
Population 31.386 Million
General government revenue (National Currency)SAR 602.91 Billions.
General government revenue (% of GDP) 24.613 %
General government total expenditure (National Currency)SAR 1,001.52 Billions.
General government total expenditure (% of GDP) 40.885 %
Total Government Net Lending/ Borrowing (National Currency)SAR -398.607 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -16.273 %
Fiscal Year Gross Domestic Product, Current PricesSAR 2,449.57 Billions.
Current Account Balance (US Dollars)US$ -41.479 Billion
Current Account Balance (% GDP) -6.35 %
Economic Indicators for Saudi Arabia 2015

GDP (Constant Prices, National Currency) for Saudi Arabia in year 2015 is SAR 2,517.57 Billion.

GDP Growth (Constant Prices, National Currency) for Saudi Arabia in year 2015 is 3.353 %.

GDP (Current Prices, National Currency) for Saudi Arabia in year 2015 is SAR 2,449.57 Billion.

GDP (Current Prices, US Dollars) for Saudi Arabia in year 2015 is US$ 653.219 Billion.

GDP Deflator for Saudi Arabia in year 2015 is 97.299 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Saudi Arabia in year 2015 is SAR 80,213.64 .

GDP Per Capita (Current Prices, National Currency) for Saudi Arabia in year 2015 is SAR 78,047.20 .

GDP Per Capita (Current Prices, US Dollars) for Saudi Arabia in year 2015 is US$ 20,812.59 .

GDP (PPP), US Dollars for Saudi Arabia in year 2015 is US$ 1,683.04 Billion.

GDP Per Capita (PPP), US Dollars for Saudi Arabia in year 2015 is US$ 53,624.40 .

GDP Share of World Total (PPP) for Saudi Arabia in year 2015 is 1.483 %.

Implied PPP Conversion Rate for Saudi Arabia in year 2015 is 1.455 .

Investment (% of GDP) for Saudi Arabia in year 2015 is 27.599 %.

Gross National Savings (% of GDP) for Saudi Arabia in year 2015 is 21.249 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Saudi Arabia in year 2015 is 132.941 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Saudi Arabia in year 2015 is 2.189 %.

Inflation, End of Year (Indexed to Year 2000) for Saudi Arabia in year 2015 is 134.527 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Saudi Arabia in year 2015 is 2.27 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Saudi Arabia in year 2015 is 0.669 %.

Import Volumes of Goods Only (Percent Change) for Saudi Arabia in year 2015 is 2.495 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Saudi Arabia in year 2015 is 9.333 %.

Export Volumes of Goods Only (Percent Change) for Saudi Arabia in year 2015 is 5.988 %.

Unemployment Rate (% of Labour Force) for Saudi Arabia in year 2015 is n/a %.

Population for Saudi Arabia in year 2015 is 31.386 Million .

General government revenue (National Currency) for Saudi Arabia in year 2015 is SAR 602.91 Billions.

General government revenue (% of GDP) for Saudi Arabia in year 2015 is 24.613 %.

General government total expenditure (National Currency) for Saudi Arabia in year 2015 is SAR 1,001.52 Billions.

General government total expenditure (% of GDP) for Saudi Arabia in year 2015 is 40.885 %.

Total Government Net Lending/ Borrowing (National Currency) for Saudi Arabia in year 2015 is SAR -398.607 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Saudi Arabia in year 2015 is -16.273 %.

Fiscal Year Gross Domestic Product, Current Prices for Saudi Arabia in year 2015 is SAR 2,449.57 Billions.

Current Account Balance (US Dollars) for Saudi Arabia in year 2015 is US$ -41.479 Billion.

Current Account Balance (% GDP) for Saudi Arabia in year 2015 is -6.35 %.

* Source: IMF
Aggregate Indicators for Saudi Arabia
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Saudi Arabia
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Saudi Arabia
  Natural Resources, Agricultural Products, Land Use and Water Use for Saudi Arabia
  Nationality, Ethnic Groups, Languages and Religions for Saudi Arabia
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Saudi Arabia
  Age Structure, Median Age, Gender and Urbanization for Saudi Arabia
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Saudi Arabia
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Saudi Arabia
  HIV, AIDS and Other Major Infectious Disease Rates for Saudi Arabia
  Literacy Rate, Educational Expenditure and School Life Expectancy for Saudi Arabia
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Saudi Arabia
  Industries and Industrial Growth Production Rate for Saudi Arabia
  Labor Force by Occupation for Saudi Arabia
  Poverty Line, Gini Index, Household Income and Consumption for Saudi Arabia
  National Budget and Public Debt for Saudi Arabia
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Saudi Arabia
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Saudi Arabia
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Saudi Arabia
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Saudi Arabia
  Foreign Exchange Reserves and Gold Reserves for Saudi Arabia
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Saudi Arabia
  Exchange Rate Statistics for Saudi Arabia
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Saudi Arabia
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Saudi Arabia
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Saudi Arabia
  Television and Radio Statistics (TV Stats, Radio Stats) for Saudi Arabia
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Saudi Arabia
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Saudi Arabia
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Saudi Arabia
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Saudi Arabia
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Saudi Arabia
* Source: CIA
Internet Indicators for Saudi Arabia
Indicators
  Number of Internet Users for Saudi Arabia
  Internet Penetration Rate for Saudi Arabia
  Number of Facebook Accounts for Saudi Arabia
  Facebook Penetration Rate for Saudi Arabia
* Source: IWS
Economic Freedom Indicators for Saudi Arabia
Indicators
  Economic Freedom World Rank for Saudi Arabia
  Government Spending for Saudi Arabia
  Monetary Freedom for Saudi Arabia
  Investment Freedom for Saudi Arabia
  Financial Freedom for Saudi Arabia
  Property Rights for Saudi Arabia
  Economic Freedom Regional Ranking for Saudi Arabia
  Freedom from Corruption for Saudi Arabia
  Labor Freedom for Saudi Arabia
  Tariff Rate for Saudi Arabia
  Income Tax Rate for Saudi Arabia
  Corporate Tax Rate for Saudi Arabia
  Tax Burden % of GDP for Saudi Arabia
  Government Expenditure % of GDP for Saudi Arabia
  Business Freedom for Saudi Arabia
  Trade Freedom for Saudi Arabia
  Fiscal Freedom for Saudi Arabia
  2016 Score for Saudi Arabia
* Source: HFO
Saudi Arabia Economic Indicators in other Years
  Saudi Arabia Economic Indicators for Year 2021 (Forecast)
  Saudi Arabia Economic Indicators for Year 2020 (Forecast)
  Saudi Arabia Economic Indicators for Year 2019 (Forecast)
  Saudi Arabia Economic Indicators for Year 2018 (Forecast)
  Saudi Arabia Economic Indicators for Year 2017 (Forecast)
  Saudi Arabia Economic Indicators for Year 2016 (Forecast)
Saudi Arabia Economic Indicators for Year 2015 (Current)
  Saudi Arabia Economic Indicators for Year 2014
  Saudi Arabia Economic Indicators for Year 2013
  Saudi Arabia Economic Indicators for Year 2012
  Saudi Arabia Economic Indicators for Year 2011
  Saudi Arabia Economic Indicators for Year 2010
  Saudi Arabia Economic Indicators for Year 2009
  Saudi Arabia Economic Indicators for Year 2008
  Saudi Arabia Economic Indicators for Year 2007
  Saudi Arabia Economic Indicators for Year 2006
  Saudi Arabia Economic Indicators for Year 2005
  Saudi Arabia Economic Indicators for Year 2004
  Saudi Arabia Economic Indicators for Year 2003
  Saudi Arabia Economic Indicators for Year 2002
  Saudi Arabia Economic Indicators for Year 2001
  Saudi Arabia Economic Indicators for Year 2000
  Saudi Arabia Economic Indicators for Year 1999
  Saudi Arabia Economic Indicators for Year 1998
  Saudi Arabia Economic Indicators for Year 1997
  Saudi Arabia Economic Indicators for Year 1996
  Saudi Arabia Economic Indicators for Year 1995
  Saudi Arabia Economic Indicators for Year 1994
  Saudi Arabia Economic Indicators for Year 1993
  Saudi Arabia Economic Indicators for Year 1992
  Saudi Arabia Economic Indicators for Year 1991
  Saudi Arabia Economic Indicators for Year 1990
  Saudi Arabia Economic Indicators for Year 1989
  Saudi Arabia Economic Indicators for Year 1988
  Saudi Arabia Economic Indicators for Year 1987
  Saudi Arabia Economic Indicators for Year 1986
  Saudi Arabia Economic Indicators for Year 1985
  Saudi Arabia Economic Indicators for Year 1984
  Saudi Arabia Economic Indicators for Year 1983
  Saudi Arabia Economic Indicators for Year 1982
  Saudi Arabia Economic Indicators for Year 1981
  Saudi Arabia Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International