Saudi Arabia
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Ecoonomy of Saudi Arabia Saudi Arabia has an oil-based economy with strong government controls over major economic activities. It possesses about 20% of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. The petroleum sector accounts for roughly 80% of budget revenues, 45% of GDP, and 90% of export earnings. Saudi Arabia is encouraging the growth of the private sector in order to diversify its economy and to employ more Saudi nationals. Diversification efforts are focusing on power generation, telecommunications, natural gas exploration, and petrochemical sectors. Almost 6 million foreign workers play an important role in the Saudi economy, particularly in the oil and service sectors, while Riyadh is struggling to reduce unemployment among its own nationals. Saudi officials are particularly focused on employing its large youth population. Riyadh has substantially boosted spending on job training and education, most recently with the opening of the King Abdallah University of Science and Technology - Saudi Arabia's first co-educational university. Due to a sharp rise in petroleum revenues in 1974 following the 1973 Arab-Israeli war, Saudi Arabia became one of the fastest-growing economies in the world. Mainly in the last ten years, with an average real GDP growth of nearly 3.5%, nominal GDP has witnessed a sharp increase from about $189 billion in 2000 to more than $434 billion in 2010. The nonoil sector is expected to primarily drive the Kingdom's real GDP growth, as the government continues to take initiatives to diversify away from oil and address social and development needs. The nonoil private sector's growth is estimated to stay above the real GDP forecast, with growth averaging above 5.5 percent. Population growth in Saudi Arabia is estimated to decelerate significantly in the coming decades following rapid growth in the last decade (2000-2010). Population growth is estimated to slow down to a CAGR of 2.0 percent between 2010 and 2020 and a CAGR of 1.4 percent during 2020-2030 vis-a-vis a CAGR of 3.2 percent in the previous decade (2000-2010). Saudi Arabia aims to create 3 million jobs for nationals by 2015 and 6 million jobs by 2030, partly through the Saudization initiative. In the past decade (2001-2010), Saudi Arabia saw average annual growth of 3.3 percent, reaching 3.8 percent in 2010, and 6.8 percent in 2011. The International Monetary Fund (IMF) has predicted that Saudi Arabia’s real GDP growth will average of 4.4 percent through 2016. According to the IMF data of 2015 the growth in the non-oil GDP was estimated at 5.5%. One of the main contributors of the Kingdom’s non-oil GDP is the construction industry.
Essential Information Area: 2,240,000 sq km Visa Requirements: Visas are obtainable from Saudi-Arabian consulates abroad. Arriving visitors are strongly advised not to attempt to carry any alcohol into the country, where it is strictly forbidden. Discovery of alcohol can lead to immediate expulsion from the entry point.
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Basic Economic Indicators
Saudi Arabia: Economic and International trade indicators {arimodule id="749" comment="Saudi Arabia: Economic indicators"}{/arimodule}Source: IMF, CIA factbook.
Economic growth
Saudi Arabia: Real GDP growth (oil and Non-oil growth) {arimodule id="750" comment="Saudi Arabia: Real GDP growth (oil and non-oil growth) "}{/arimodule}Source: IMF
Saudi Arabia: GDP growth (Historical data) {arimodule id="751" comment="Saudi Arabia: Real GDP growth (1980-2017)"}{/arimodule}Source: IMF
Size of the economy: GDP ($ Billion) {arimodule id="752" comment="Saudi Arabia GDP, current prices ($ Billions)"}{/arimodule}Source: IMF
Saudi Arabia: Gross Domestic Product by economic activity 2010 {arimodule id="753" comment="Saudi Arabia: GDP by kind of economic activity"}{/arimodule}Source: IMF
Saudi Arabia: Current account balance ($ Billions) {arimodule id="754" comment="Saudi Arabia: Current Account Balance ($ billion)"}{/arimodule}Source: IMF
Saudi Arabia: Total Government Debt (% GDP) {arimodule id="755" comment="Saudi Arabia Total Govt. Debt (% of GDP)"}{/arimodule}Source: IMF
Ease of Doing Business Rank 2015 {arimodule id="590" comment="Ease of Doing Business Rank 2015"}{/arimodule} Source: World Bank
Foreign Trade and Foreign Investment
Saudi Arabia: Total exports and imports ($ billion) {arimodule id="756" comment="Saudi Arabia: Exports and Imports ($ billion)"}{/arimodule}Source: IMF
Saudi Arabia: Foreign Direct Investment (FDI) {arimodule id="757" comment="Saudi Arabia FDI ($ million)"}{/arimodule}Source: UNCTAD
Energy Sector
Oil Reserves by country 2015 (Trillion Cubic Feet)
{arimodule id="603" comment="Oil Reserves 2015"}{/arimodule}
Source: EIA
Gas Reserves by country 2015 (Billion Barrels)
{arimodule id="602" comment="Gas Reserves 2015"}{/arimodule}
Source: EIA
Oil Price
Crude Oil Export Price (US$/bbl)
{arimodule id="599" comment="Crude Oil Export Price 2012-2019 "}{/arimodule} Source: IMF
Saudi Arabia: Oil supply and Exports (Thousand Barrels Per Day) {arimodule id="758" comment="Saudi Arabia: Total Oil Supply and Exports "}{/arimodule}Source: IMF
Saudi Arabia: Dry Natural Gas Production (Billion Cubic Feet) {arimodule id="759" comment="Saudi Arabia: Gas Production (Billion Cubic Feet)"}{/arimodule}Source: IMF
Saudi Arabia: Oil Exports by Destination 2013 {arimodule id="760" comment="Saudi Arabia: Refinded products export by destination"}{/arimodule}Source: EIA
Trade between Switzerland and Saudi Arabia
Swiss total Exports to the Arab World by Country 2014: Swiss Francs
{arimodule id="301" comment="Swiss total exports to the Arab world 2014, by country: Swiss Francs"}{/arimodule}
Source of data: Swiss customs
Swiss total Exports to the Arab World 2014: (Portion of total exports)
{arimodule id="300" comment="Swiss total exports to the Arab world 2014: Swiss Francs"}{/arimodule}
Source of data: Swiss customs
Swiss Total Imports from the Arab world by country 2014: Swiss francs
{arimodule id="292" comment="Swiss Imports from the Arab world 2014"}{/arimodule}
Source: Swiss customs
Swiss Total Imports from the Arab world 2014 (Portion of the total imports)
{arimodule id="302" comment="Swiss Total Imports from the Arab world 2014 (Portion)"}{/arimodule}
Source: Swiss customs
Swiss exports/imports with the Arab world (Million CHF)
{arimodule id="516" comment="Swiss main exports, imports with the Arab world 2014 (Million CHF)"}{/arimodule} Source: Swiss customs
Swiss main exports/imports with the Gulf region (Million CHF)
{arimodule id="540" comment="Swiss main exports/imports with Gulf Region 1984-2014"}{/arimodule} Source: calculations based on Swiss customs data
Gulf region (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE)
Swiss main exports/imports with Saudi Arabia 1985-2014 (Million CHF)
{arimodule id="534" comment="Swiss main exports/imports with SaudiArabia 2007-2014"}{/arimodule}
Swiss main exports to the Arab world 2014 (CHF)
{arimodule id="544" comment="Swiss main exports to the Arab world 2014 (CHF)"}{/arimodule}
Swiss main Imports from the Arab world 2014
{arimodule id="545" comment="Swiss main imports from the Arab world 2014 (CHF)"}{/arimodule} Source: Swiss customs
Swiss main exports to Saudi Arabia 2014 in Swiss Francs
{arimodule id="576" comment="Swiss main exports to Saudi Arabia 2014 (CHF)"}{/arimodule}
Swiss main imports from Saudi Arabia 2014 in Swiss Francs
{arimodule id="577" comment="Swiss main imports from Saudi Arabia 2014 (CHF)"}{/arimodule}
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Swiss Exports to the Arab world by commodity comparaisons between the Arab countries
Swiss Imports from the Arab world by commodity comparaisons between the Arab countries
