Saudi Arabia

About Saudi Arabia

The Saudi economy is the largest in the Arab world. The economy of Saudi Arabia is an oil dependent economy and has strong government control over major economic activities. It has the world's second-largest proven petroleum reserves and the largest exporter of petroleum. It has also the fifth-largest proven natural gas reserves. Saudi Arabia is considered an "energy superpower". It has third highest total estimated value of natural resources, valued at US$34.4 trillion in 2016. Saudi Arabia is the world's leading oil exporter and second largest producer. The Kingdom of Saudi Arabia has been rated as the 22nd most economically competitive country in the world. Gross domestic product (GDP) in 2015 was $646 billion and GDP per capita was $20,583. Saudi Arabia is the world's second largest arms importer in 2010–2014.

Saudi Arabia is the 25th largest export economy in the world and the 62nd most complex economy according to the Economic Complexity Index (ECI). In 2015, Saudi Arabia exported $182B and imported $167B, resulting in a positive trade balance of $15.6B. In 2015 the GDP of Saudi Arabia was $646B and its GDP per capita was $53.5k.

Real Estate is one of the fastest growing sectors of the country.

Saudi Arabia is geographically the fifth-largest state in Asia and second-largest state in the Arab world. Saudi Arabia has total80 airports with paved runways, including 33 with long runways, 1,378 kilometres of railways and 48,000 kilometres of paved roads, including nearly 4,000 kilometres of expressways.

The Kingdom of Saudi Arabia is one of the main players in the Arab world.