Population: 29 million in 20131
GDP: $745 billion in 20132
GDP per capita: $25,962 nominal3 ($53,780 PPP4) in 2013
GDP growth rate: 4.0% in 20135
GDP by Industry 20126
Industry sector | Value added ($ billions) 2012 | Percent of total |
Mining and utilities | 332 | 49.5% |
Other activities | 146 | 21.9% |
Manufacturing | 67 | 10.0% |
Wholesale, retail trade, restaurants and hotels | 53 | 7.9% |
Transport, storage and communication | 31 | 4.6% |
Construction | 29 | 4.3% |
Agriculture, hunting, forestry, fishing | 13 | 1.9% |
Total value added | 670 | 100% |
Unemployment rate: 5.7% in 20137
Employment by Industry 20138
Employment sector | Employees (thousands) 2013 | Percent of total |
Public administration and defence | 1,820 | 17.0% |
Wholesale trade, retail trade and repair of motor vehicles | 1,678 | 15.6% |
Construction | 1,518 | 14.1% |
Education | 1,265 | 11.8% |
Activities of households as employers | 930 | 8.7% |
Manufacturing | 760 | 7.1% |
Human health and social work | 480 | 4.5% |
Agriculture, forestry and fishing | 477 | 4.4% |
Transportation and storage | 381 | 3.6% |
Accommodation and food service | 259 | 2.4% |
Other service | 230 | 2.1% |
Administrative and support service | 200 | 1.9% |
Finance and insurance | 119 | 1.1% |
Mining and quarrying | 118 | 1.1% |
Professional, scientific and technical | 109 | 1.0% |
Information and communication | 104 | 1.0% |
Real estate | 98 | 0.9% |
Electricity, gas, steam and air conditioning | 82 | 0.8% |
Water supply, sewerage and waste management | 73 | 0.7% |
Arts, entertainment and recreation | 16 | 0.1% |
Extraterritorial organizations and bodies | 12 | 0.1% |
Total employment | 10,729 | 100% |
Top 2 Corporations by Revenue 2013* 9
Rank | Corporation | Revenue ($ billions) 2013 | Profit ($ billions) 2013 | Assets ($ billions) 12/31/13 | Industry |
1 | Saudi Aramco | N/A | N/A | N/A | Oil and Gas |
2 | Sabic | 50 | 6.7 | 90 | Chemicals |
* Corporate data calculated using the exchange rate 3.753 SAR = 1 USD
Household Wealth: $653 billion (88% of GDP) in 201410
Household Wealth per Adult: $38,579 in 201410
Gini Coefficient: N/A
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
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: $738 billion (99% of GDP) in 201317
Exchange Rate: 3.753 Saudi Riyals = 1 U.S. Dollar on Jan 12, 201518
Inflation: 3.5% in 201319
* Money supply calculated using the exchange rate 3.753 SAR = 1 USD
Top 8 Financial Institutions by Assets 201220
Rank | Financial Institution | Assets ($ billions) 6/30/12* |
1 | National Commercial Bank | 85 |
2 | Al Rajhi Bank | 63 |
3 | Samba Financial Group | 53 |
4 | Riyad Bank | 48 |
5 | Saudi British Bank | 40 |
6 | Banque Saudi Fransi | 39 |
7 | Arab National Bank | 32 |
8 | Saudi Hollandi Bank | 16 |
* Assets calculated using the exchange rate 3.753 SAR = 1 USD
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
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