Saudi Arabia sits as the fifth largest export economy in the world and is the forty-second most complex economy according to the Economic Complexity Index (ECI). It is the world’s main producer and exporter of petroleum products, and acts as the second largest oil producer after Russia. On average, Saudi Arabia exports around $600B of goods and imports around $150B, which results in a positive trade balance of around $450B. It is estimated that the GDP of Saudi Arabia is around $750B with a GDP per capita of around $50k.
Official Name (Local Language) | Al Mamlakah al Arabiyah as Suudiyah | Capital | Riyadh | Population | 28,160,273 | Currency | Saudi Riyal | GDP | $637.8 billion | Languages | Arabic | Telephone Dial In | 966 |
129,796
4,321
172
Country
Trade
% Partner Share
China
18,841
14.52
United States
17,342
13.36
Germany
8,181
6.30
Japan
7,176
5.53
United Arab Emirates
6,930
5.34
Export product
Number
Automobiles with reciprocating piston engine di
9.9%
Automobiles with reciprocating piston engine di
3.3%
Transmission apparatus, for radioteleph incorpo
2.7%
Other medicaments of mixed or unmixed products,
2.1%
Aircraft parts nes
1.7%
%
Product List
2.4%
Wheat, barley, tomatoes, melons, dates, citrus; mutton, chickens, eggs, milk
%
Industry List
42.9%
Crude oil production, petroleum refining, basic petrochemicals, ammonia, industrial gases, sodium hydroxide (caustic soda), cement, fertilizer, plastics, metals, commercial ship repair, commercial aircraft repair, construction
%
Services List
54.7%
Saudi Arabia sits as the fifth largest export economy in the world and is the forty-second most complex economy according to the Economic Complexity Index (ECI). It is the world’s main producer and exporter of petroleum products, and acts as the second largest oil producer after Russia. On average, Saudi Arabia exports around $600B of goods and imports around $150B, which results in a positive trade balance of around $450B. It is estimated that the GDP of Saudi Arabia is around $750B with a GDP per capita of around $50k.
When looking at products that are exported, the main items are crude petroleum, (around $520B), refined petroleum ($30B) and petroleum gas (around $12B) and propylene polymers (around $11B). The main countries of export are Asia (almost $200B), North and Central America ($54B), China ($48B), the United States (around $45B) and Japan (over $40B).
In terms of geography, Saudi Arabia borders the United Arab Emirates, Jordan, Iraq, the United Arab Emirates, Kuwait, Oman, Qatar and Yemen by land and Egypt, Eritrea, Bahrain, Sudan and Iran by sea.
Information
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Saudi Arabia Economic Statistics
https://www.saudi.gov.sa/
https://countryeconomy.com/ratings/saudi-arabia
Saudi Arabian Monetary Authority
3.75
11.2%
NA
4.4%
2.5%
$637.8 billion
$54,100
Saudi Riyal
SAR
High Income
29/138
57/180
92/190
67/136
Currency in Saudi Arabia