Economy of Saudi Arabia

Imports

Imports commoditiesmachinery and equipment, foodstuffs, chemicals, motor vehicles, textiles

Import partnersChina 13.5%, US 13.2%, South Korea 6.6%, Germany 6.5%, India 6.3%, Japan 6% (2012)

Exports

Exports commoditiespetroleum and petroleum products 90%

Export partnersUS 14.2%, China 13.6%, Japan 13.6%, South Korea 9.9%, India 8.2%, Singapore 4.3% (2012)

Economy sectors

Agriculture productswheat, barley, tomatoes, melons, dates, citrus; mutton, chickens, eggs, milk

Industrial productscrude oil production, petroleum refining, basic petrochemicals, ammonia, industrial gases, sodium hydroxide (caustic soda), cement, fertilizer, plastics, metals, commercial ship repair, commercial aircraft repair, construction

Economy

Unemployment10.5 % (2013)10.6 % (2012)10.9 % (2011)

GDP - Official Exchange Rate719 Billion $ (2013)701 Billion $ (2012)670 Billion $ (2011)

GDP - Official Exchange Rate of Saudi Arabia

GDP growth rate3.60 % (2013)5.10 % (2012)7.10 % (2011)

GDP per Capita (PPP)31,300 $ (2013)30,500 $ (2012)24,800 $ (2011)

GDP - Purchasing Power Parity928 Billion $ (2013)884 Billion $ (2012)699 Billion $ (2011)

GDP - Purchasing Power Parity of Saudi Arabia

GDP PPP per land area432 Thousand $ per square kilometer (2013)411 Thousand $ per square kilometer (2012)325 Thousand $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity49.1 Million kW

Banking

Central bank discount rate2.50 % (2008)0.00 % (2007)

Commercial bank prime lending rate6.70 % (2013)6.80 % (2012)7.20 % (2011)

Commercial bank prime lending rate of Saudi Arabia

GDP decomposition by sector

Agriculture % of GDP2.00 % (2013)2.00 % (2012)

Industry % of GDP62.5 % (2013)65.0 % (2012)

Services % of GDP35.5 % (2013)33.0 % (2012)

Tourism

International tourism, number of arrivals14.3 Million (2012)17.5 Million (2011)10.9 Million (2010)

International tourism, number of departures18.7 Million (2012)15.3 Million (2011)17.8 Million (2010)

International tourism, number of departures of Saudi Arabia

Yearly Tourist arrivals to residents ratio50.5 % (2012)67.0 % (2011)39.8 % (2010)

Yearly Tourist arrivals to residents ratio of Saudi Arabia

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)12.2 % of GDP (2013)11.8 % of GDP (2012)12.6 % of GDP (2011)

Public debt (Percentage of GDP) of Saudi Arabia

Budget surplus (+) or deficit (-)13.1 % of GDP

Current Account Balance (Percentage of GDP)22.4 % of GDP (2012)23.7 % of GDP (2011)12.7 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Saudi Arabia

Current Account Balance (Total)132 Billion $ (2013)165 Billion $ (2012)159 Billion $ (2011)

Current Account Balance (Total) of Saudi Arabia

External Debt (Total)149 Billion $ (2013)136 Billion $ (2012)107 Billion $ (2011)

External Debt (Percentage of GDP)20.8 % of GDP (2013)19.4 % of GDP (2012)16.0 % of GDP (2011)

External Debt (Percentage of GDP) of Saudi Arabia

External Debt per Capita5,463 $ (2013)4,818 $ (2012)4,098 $ (2011)

External Debt per Capita of Saudi Arabia