(2015 est.) (2016 est.) $205.1 billion

(2017) (31 December 2017 est.) Asked if the government would consider lowering the duty in future, he said it would “take actions to stimulate the economy and ensure steady growth.”, Saudi Arabia's budget deficit is set to return to double-digit territory this year.

24 115 $535.8 billion (31 December 2016 est. At its founding, the kingdom inherited the simple, tribal economy of Arabia. (2016 est. (31 December 2008) 186 Finance Minister Al-Jadaan has said the kingdom will double its borrowing this year to soften the impact on the state’s reserves, which it needs to maintain above a certain level to support the kingdom’s currency peg to the U.S. dollar. industry: 21.4% Imports - partners: China 15.4%, US 13.6%, UAE 6.5%, Germany 5.8%, Japan 4.1%, India 4.1%, South Korea 4% 8.3% But the impact on citizens income has irked many.

3.75 [see also: Stock of domestic credit country ranks ] 7.1% Imports: (31 December 2017 est.) 204 6% (31 December 2008) Labor force: 13.8 million (31 December 2013 est.

(2017 est.) 3.75 [see also: Public debt country ranks ] (2017 est.) 3.75 (2016 est.) [see also: GDP - composition, by sector of origin - agriculture country ranks ] [see also: Exports country ranks ] [see also: Population below poverty line country ranks ] (31 December 2016 est. (31 December 2017 est.) (31 December 2016 est. 42 $496.4 billion

$305.2 billion (31 December 2016 est. (2017 est. $483.1 billion

[see also: Debt - external country ranks ] $264.6 billion (2014 est.) Debt - external: highest 10%: $258.1 billion

2% travel restrictions and the suspension of work for public and private sectors; or potential austerity measures in response to declining revenues. 36 )country comparison to the world (CIA rank, may be based on non-current data): 19 40 (2016 est.) Budget surplus (+) or deficit (-): -8.9% (of GDP) 102 4 $205.1 billion Exchange rates: Saudi riyals (SAR) per US dollar - 8.3% services: 53.2% 40 24 $483.1 billion (2016 est. country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) LONDON: Saudi Arabia’s non-oil economy grew by 3.3 percent last year, its fastest rate since 2014, even as the energy sector contracted and slowed overall growth.

17.2% of GDP

(31 December 2017 est.) (2017 est.) [see also: Imports country ranks ] 5.6% $264.6 billion Wheat is the primary cultivated grain, followed by sorghum and barley. $119.3 billion $189.3 billion (31 December 2017 est.) (2017 est.) Oil deposits are located in the east, southward from Iraq and Kuwait into the Rubʿ al-Khali and under the waters of the Persian Gulf. An almost 40% drop in Brent crude prices over the past year, combined with production cuts to drain a supply glut, helped push Saudi Arabia’s oil revenue down by 45% in the second quarter from a year earlier.

(31 December 2016 est. 40 NA No claims are made regarding the accuracy of Saudi Arabia Economy 2020 information contained here. (2012 est.) Agriculture - products: wheat, barley, tomatoes, melons, dates, citrus; mutton, chickens, eggs, milk 3.75 Exports - partners: Japan 12.2%, China 11.7%, South Korea 9%, India 8.9%, US 8.3%, UAE 6.7%, Singapore 4.2% (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): note: comprised of 3.1 million Saudis and 10.7 million non-Saudiscountry comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force country ranks ] (31 December 2017 est.) 15

Population below poverty line: NA Vehicle sales are now forecast to drop by a third again in 2020 because of the latest VAT hike.

(2017 est.) (2017)

(2017 est.) Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Exports: $264.6 billion (31 December 2016 est. Imports: (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (31 December 2017 est.)

$56.09 billion 24 (2017 est.) $205.1 billion $305.2 billion (31 December 2016 est.

$305.2 billion

40 [see also: Imports country ranks ] Exchange rates: Saudi riyals (SAR) per US dollar - (31 December 2017 est.) -$23.87 billion

$15.23 billion 42, country comparison to the world (CIA rank, may be based on non-current data):

Saudi officials are particularly focused on employing its large youth population. 2% $467.4 billion [see also: Labor force - by occupation - agriculture country ranks ] (2017 est.)

Stock of broad money: [see also: Labor force - by occupation - services country ranks ], Unemployment rate: $305.2 billion 41 (31 December 2017 est.) (31 December 2017 est.) 2.5% [see also: Household income or consumption by percentage share - lowest 10% country ranks ] [see also: GDP - composition, by end use - investment in inventories country ranks ]

[see also: Imports country ranks ] 33

(31 December 2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Current account balance country ranks ] 102 )country comparison to the world (CIA rank, may be based on non-current data): $535.8 billion [see also: Current account balance country ranks ]

)country comparison to the world (CIA rank, may be based on non-current data): GDP - composition, by end use:



But only a quarter of the tower has so far been built. 5.6% 92, country comparison to the world (CIA rank, may be based on non-current data):

)country comparison to the world (CIA rank, may be based on non-current data):

(2017 est.) “Hajj is a big money maker, and the lost revenue is needed," said Theodore Karasik, a senior advisor to Gulf State Analytics. $189.3 billion (2014 est.) [see also: GDP - composition, by end use - exports of goods and services country ranks ]

)country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of broad money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2008) $219.7 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - imports of goods and services country ranks ] highest 10%: $312.6 billion (31 December 2017 est.) Imports - commodities: machinery and equipment, foodstuffs, chemicals, motor vehicles, textiles (2012 est.)

$267.1 billion $535.8 billion 3.75 Household income or consumption by percentage share: (2017 est.) 3.75

These are the key threats. [see also: Taxes and other revenues country ranks ] GDP (purchasing power parity): 92 With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. (2016 est. Debt - external: 3.75 )country comparison to the world (CIA rank, may be based on non-current data):

[see also: Labor force country ranks ] [see also: Current account balance country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $421.1 billion Debt - external: (2017) 2.5% (2013 est. (2017 est.) 3.75 [see also: Market value of publicly traded shares country ranks ] Stock of direct foreign investment - at home: (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 204, country comparison to the world (CIA rank, may be based on non-current data): [see also: Public debt country ranks ] $421.1 billion (2012 est.) 4 [see also: Distribution of family income - Gini index country ranks ]

)country comparison to the world (CIA rank, may be based on non-current data): $183.6 billion (2017 est.) agriculture: 6.7% Exports - partners: Japan 12.2%, China 11.7%, South Korea 9%, India 8.9%, US 8.3%, UAE 6.7%, Singapore 4.2% (31 December 2017 est.) 4 Reserves of foreign exchange and gold: [see also: Commercial bank prime lending rate country ranks ] 24 $46.45 billion

[see also: Reserves of foreign exchange and gold country ranks ] 3.75 3.75 (31 December 2016 est. (31 December 2008), country comparison to the world (CIA rank, may be based on non-current data): © Middle East Eye 2020 - all rights reserved. $56.09 billion Exchange rates: Saudi riyals (SAR) per US dollar - Taxes and other revenues: 26.4% (of GDP) 24 (31 December 2017 est.) $183.6 billion

3.75 (2017 est.) Reserves of foreign exchange and gold: (2015 est.) $189.3 billion [see also: Stock of domestic credit country ranks ] 92 )country comparison to the world (CIA rank, may be based on non-current data): (2013 est. Inflation rate (consumer prices): 23

[see also: Unemployment rate country ranks ] (31 December 2016 est. $312.6 billion Market value of publicly traded shares: $219.7 billion (2017 est.) [see also: Stock of broad money country ranks ] $189.3 billion

imports of goods and services: -28.6%

[see also: Public debt country ranks ] (2013 est. 3.75 [see also: Labor force - by occupation - industry country ranks ] [see also: Budget - expenditures country ranks ] 6% (31 December 2016 est. (31 December 2016 est. 33 Find Out. Exchange rates: Saudi riyals (SAR) per US dollar - Central bank discount rate: )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Exchange rates: Saudi riyals (SAR) per US dollar -

Oil refinery in the eastern Arabian Desert at Al-Jubayl, Saudi Arabia. 113 7.1% $312.6 billion

$467.4 billion (2017 est.) Fiscal year: calendar year (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): services: 53.2% (31 December 2015 est.) (2014 est.) (31 December 2014 est.)

(2016 est.) 3.75 NOTE: 1) The information regarding Saudi Arabia on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources.

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