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ECON FACTBOOK

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Economy of Saudi Arabia

Population: 29 million in 20131

GDP: $745 billion in 20132

GDP per capita: $25,962 nominal3 ($53,780 PPP4) in 2013

GDP growth rate: 4.0% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Mining and utilities33249.5%
Other activities14621.9%
Manufacturing6710.0%
Wholesale, retail trade, restaurants and hotels537.9%
Transport, storage and communication314.6%
Construction294.3%
Agriculture, hunting, forestry, fishing131.9%
Total value added670100%

Employment

Unemployment rate: 5.7% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Public administration and defence1,82017.0%
Wholesale trade, retail trade and repair of motor vehicles1,67815.6%
Construction1,51814.1%
Education1,26511.8%
Activities of households as employers9308.7%
Manufacturing7607.1%
Human health and social work4804.5%
Agriculture, forestry and fishing4774.4%
Transportation and storage3813.6%
Accommodation and food service2592.4%
Other service2302.1%
Administrative and support service2001.9%
Finance and insurance1191.1%
Mining and quarrying1181.1%
Professional, scientific and technical1091.0%
Information and communication1041.0%
Real estate980.9%
Electricity, gas, steam and air conditioning820.8%
Water supply, sewerage and waste management730.7%
Arts, entertainment and recreation160.1%
Extraterritorial organizations and bodies120.1%
Total employment10,729100%

Corporations

Top 2 Corporations by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1Saudi AramcoN/AN/AN/AOil and Gas
2Sabic506.790Chemicals

* Corporate data calculated using the exchange rate 3.753 SAR = 1 USD

Households

Household Wealth: $653 billion (88% of GDP) in 201410

Household Wealth per Adult: $38,579 in 201410

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $303 billion (41% of GDP) in 201311

Central Government Expenditure: $259 billion (35% of GDP) in 201311

Central Government Budget Balance: +$44 billion (+6% of GDP) in 201311

Central Government Public Debt: $20 billion (3% of GDP) on Dec 31, 2013* 12

Central Government 10 Year Bond Interest Rate: N/A

* Public debt calculated using the exchange rate 3.753 SAR = 1 USD

Government Funds

N/A

Tax Structure

Personal Income Tax Rates and Thresholds in 201313

Corporate Tax Rate: 20% in 201414

Monetary Policy

Money Supply (M0): $91 billion (12% of GDP) on Dec 31, 2013* 15

Benchmark Interest Rate: ORR = 2.0% on Jan 20, 201516

Total Reserves: $738 billion (99% of GDP) in 201317

Exchange Rate: 3.753 Saudi Riyals = 1 U.S. Dollar on Jan 12, 201518

Inflation: 3.5% in 201319

* Money supply calculated using the exchange rate 3.753 SAR = 1 USD

Financial Institutions

Top 8 Financial Institutions by Assets 201220

RankFinancial InstitutionAssets ($ billions) 6/30/12*
1National Commercial Bank85
2Al Rajhi Bank63
3Samba Financial Group53
4Riyad Bank48
5Saudi British Bank40
6Banque Saudi Fransi39
7Arab National Bank32
8Saudi Hollandi Bank16

* Assets calculated using the exchange rate 3.753 SAR = 1 USD

International Accounts

Exports: $376 billion (50% of GDP) in 201321

Imports: $147 billion (20% of GDP) in 201321

Trade Balance: +$229 billion (+30% of GDP) in 201321

Foreign Direct Investment Inflow: $8.2 billion (1% of GDP) in 201322

Foreign Direct Investment Outflow: $3.5 billion (0.5% of GDP) in 201322

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $1.3 billion (0.2% of GDP) in 201223

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Saudi Arabian Monetary Authority (Public debt) Go back
13. Source: KPMG (Individual tax rates) Go back
14. Source: Tax Foundation (Corporate tax rate) Go back
15. Source: Saudi Arabian Monetary Agency (Money supply) Go back
16. Source: Saudi Arabian Monetary Authority, ORR (Benchmark interest rate) Go back
17. Source: World Bank Indicators (Total reserves) Go back
18. Source: Yahoo Finance (Exchange rate) Go back
19. Source: World Bank Indicators (Inflation rate) Go back
20. Source: Relbanks.com (Financial institutions by assets) Go back
21. Source: CIA World Factbook (Trade data) Go back
22. Source: OECD FDI in Figures (FDI data) Go back
23. Source: Global Humanitarian Assistance(Aid data) Go back