Saudi Arabia Economic Statistics and Indicators

24, Feb 2020, EST. 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.
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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 %.