Saudi Arabia FlagSaudi Arabia

There Is No God But Allah, Muhammad Is His Messenger.

 

General


Population: 27,345,986 (2014), 26,939,583 (2013)
Land Area: 2,149,690 sq km
Natural Resources: Petroleum, natural gas, iron ore, gold, copper
Capital: Riyadh
Political System: Monarchy
State Leader: Abdallah Bin Abd Al-Aziz Al Saud (August 1st 2005)
Languages: Arabic
Currency: Saudi Riyal (SAR)
Major Religions: Muslim 100%
Major Ethnicities: Arab 90%, Afro-Asian 10%
Life Expectancy: 74.82 years (2014), 74.58 years (2013)

Economy


GDP Official Exchange Rate: 718.5 billion (2013), 727.3 billion (2012)
GDP Purchasing Power Parity: 927.8 billion (2013), 921.7 billion (2012)
GDP Per Capita (PPP): 31,300 (2013), 31,800 (2012)
GDP Growth Rate: 3.6% (2013), 6.8% (2012)
GDP Structure: Agriculture 2%, Industry 62.5% Services 35.5% (2013)
Labour Force By Occupation: Agriculture 6.7%, Industry 21.4%, Services 71.9% (2005)
Industries: Crude oil production, petroleum refining, basic petrochemicals, ammonia, industrial gases, sodium hydroxide, cement, fertilizer, plastics, metals, commercial ship repair, commercial aircraft repair, construction
Agriculture Products: Wheat, barley, tomatoes, melons, dates, citrus, mutton; chickens, eggs, milk
Human Development Index: 0.836 (34th)(2014), 0.782 (57th)(2013)
Tourism Revenue: 6.54 billion (2004)
Unemployment Rate: 10.5% (2013), 10.6% (2012)

MilitarySaudi Arabia Map


Army Size: 199 500 (2004)
Budget: 10% of GDP (2005)

Current Situation

 

Saudi Arabia is located in the Middle East. Saudi Arabia is bordered by Bahrain, Jordan, Kuwait, Oman, Qatar, United Arab Emirates and Yemen. Saudi Arabia is one of the largest exporters of oil in the world. Oil exports accounts for 90% of exports and 75% of government revenues. The government is making efforts in order to create new industries and create more diversity.

(2014) Saudi Arabia's economy continued to grow rapidly in 2013, however it continues to remain largely dependent on oil revenues and with the price of oil dropping sharply in at the end of 2014, it will be interesting to see how this affects the government's finances.

Thoughts & Comments

 

Sources

CIA World Factbook: Saudi Arabia
The Economist: The World In 2014
Wikipedia: Saudi Arabia
http://hdrstats.undp.org/en/countries/profiles/SAU.html

Updated on: December 20th, 2014