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What are the economy indexes in Saudi Arabia?


Foreign immigration of Saudi ArabiaThere are currently six million foreign nationals working in Saudi Arabia, and it is estimated that 15% of the country's total population are foreigners

Saudi Arabia is the 18th largest economy in the world and the largest economy in the Middle East and North Africa

GDP is a measure of the total value of goods and services produced within a country's borders in a specific period. Saudi arabia has a significant GDP, primarily driven by its oil industry. The non-oil sector has been a focus of diversification efforts under Vision 2030. Saudi Arabia is one of the world's leading oil producers and exporters. The volume of oil production and the revenue generated from oil exports significantly impact the country's economy and fiscal position. As part of the Vision 2030 plan, Saudi Arabia aims to reduce its dependency on oil and diversify its economy. The growth and performance of non-oil sectors, including manufacturing, construction, services, and tourism, are crucial indicators of economic diversification.

he trade balance represents the difference between a country's exports and imports. Saudi Arabia's trade balance is greatly influenced by its oil exports and the value of imports, including goods and services. The government's revenue and expenditure reflect its fiscal position and spending priorities. Revenue sources include oil revenues, taxes, and other sources, while expenditure covers areas such as infrastructure development, social welfare programs, and public services. The ease of doing business index assesses the regulatory environment and business-friendly policies in a country. Saudi Arabia has taken steps to improve its business environment, aiming to attract investment and foster entrepreneurship.

  • Export amount of Saudi Arabia
    Despite the large Oil‎ exports, Saudi Arabia is not among the top 20 exporting countries in the world but is ranked 22nd after India.
  • The Dairy industry of Saudi Arabia
    It may seem strange to you, but the largest dairy factory is located in this country. 95,000 lactating cows are kept in this factory. Saudi Arabia produces one billion liters of milk daily.
  • Per capita income of Saudi Arabia
    Per capita income in Saudi Arabia until the end of 2017 was equivalent to 59 thousand 170 dollars per year. This is 2.9 times less than the per capita income of American citizens.
  • Foreign immigration of Saudi Arabia
    There are currently six million foreign nationals working in Saudi Arabia, and it is estimated that 15% of the country's total population are foreigners.
  • The unemployment rate of Saudi Arabia
    Despite its economic size, Saudi Arabia also has one of the highest unemployment rates in the region. The country's unemployment rate in 2018 reached 12.9 percent.
  • The most profitable company in the world is in Saudi Arabia 
    Saudi Aramco is the world's most profitable company with a reported profit of $ 111 billion in 2018. The state-owned Oil‎ company also had a higher net income than Apple Corps, Amazon, and Alphabet. Although Oil‎ now accounts for 90% of its economy, no Oil‎ had been discovered there until 1938.

Although Saudi Arabia is said to be rich in what it calls the world's second-largest Oil‎ reserves, no Oil‎ was discovered before 1938. It was not until 1938 that the Oil‎ exploration team of a California Oil‎ company discovered one of Saudi Arabia's Oil‎ reserves. The California Oil‎ company was in charge of managing Saudi Oil‎ production until 1980, the Saudi dynasty took over. More than 90 percent of Saudi Arabia's national wealth now comes from Oil‎ production.

The unemployment rate reflects the percentage of the labor force that is without employment and actively seeking work. Reducing unemployment and creating job opportunities for Saudi nationals is a key objective of the government's economic policies. Inflation measures the rate at which the general level of prices for goods and services is increasing and, consequently, eroding purchasing power. Controlling inflation is essential for maintaining price stability and ensuring the overall health of the economy. FDI refers to investments made by foreign entities in Saudi Arabia. FDI is a measure of investor confidence in the country's economy and can contribute to economic growth, job creation, and technology transfer.

Saudi Arabia's position in the list of GDP per capita in the Middle East, although Saudi Arabia ranks 18th in the world in terms of GDP, it ranks fourth in the Middle east in this regard. It houses the largest Farm in the world, Al-Mara's farm in Saudi Arabia is the largest dairy farm in the world. On this farm, about 95,000 lactating cows are kept and about one billion liters of milk are produced daily. The annual income of an American is more than twice the annual income of a Saudi, In 2017, the annual income of each American was $ 56,160. While the annual income of each Saudi was $ 20,090 in the same year, which is 9.2 times lower than the annual income rate in the United States. One of its Oil‎ fields has enough Oil‎ that can fill 77.4 million swimming pools for the Olympics.

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