Economy of Saudi Arabia - Wikipedia
WEBThe economy of Saudi Arabia is the second-largest in the Middle East and the seventeenth-largest in the world. [6] The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
Saudi Arabia - Oil, Trade, Investment | Britannica
WEB3 days ago · The economy of Saudi Arabia is dominated by petroleum and its associated industries. In terms of oil reserves, Saudi Arabia ranks first internationally, with about one-fifth of the world’s known reserves.
Saudi Arabia's Economy Grows as it Diversifies - IMF
WEBSep 28, 2023 · Saudi Arabia’s economy is undergoing a transformation, as it implements reforms to reduce oil dependence, diversify income sources, and enhance competitiveness. This year marks an important juncture as the midpoint of …
Saudi Arabia's Economic Update — April 2022 - World Bank …
WEBApr 14, 2022 · After registering a stronger-than-expected recovery in 2021, the Saudi Arabian economy is on an accelerated path to growth in 2022, driven by higher oil prices and non-oil activities, as oil production strengthens and pandemic pressures fade.
Saudi Arabia to Grow at Fastest Pace in a Decade - IMF
WEBAug 17, 2022 · Saudi Arabia is likely to be one of the world’s fastest-growing economies this year as sweeping pro-business reforms and a sharp rise in oil prices and production power recovery from a pandemic-induced recession in 2020.
Saudi Arabia looks to economic diversification, giga-projects for ...
WEBSaudi Arabia entered 2023 on the back of its fastest economic expansion in over a decade, with its growth rate exceeding that of other G20 countries in the face of a variety of macroeconomic headwinds.
Saudi Arabia economy grew 3.9% in Q1 boosted by non-oil …
WEBMay 7, 2023 · Saudi Arabia's economy grew by 3.9% year-on-year in the first quarter of 2023, according to initial government estimates of real gross domestic product published on Sunday.
Economic indicators portal | Home
WEBFacilitate understanding of the movement of the Saudi economy for researchers and interested parties. Provide economic statistical data that supports decision-makers and policy-makers. Contribute to achieving the goals of Saudi Vision 2030 and the development of the national economy.
Saudi Arabia Economy, Politics and GDP Growth Summary - The …
WEBEconomic activity will remain comparatively robust in 2025-28, helped by steadily expanding hydrocarbons production and a rising contribution from non-oil sectors, such as tourism, manufacturing and logistics.
WEBDomestic Product (GDP) of Saudi Arabia grew by 6.8% in Q3/2021, compared to Q3/2020. This positive growth was due to the high increase in oil activities by 9.0% as a result of rising world demand for crude oil and the increase of Saudi production in 2021. Non-oil activities increased by 6.2% and government activities increased by 2.7% year-on-year.