Economy of Saudi Arabia | | Currency | Saudi Riyal (SAR) | | Fiscal year | Calendar year | | Trade organizations | WTO,OPEC | Statistics | | GDP | $600.4 billion (2008 est.) | | GDP growth | 6% (2008 est.) | | GDP per capita | $21,300 (2008 est.) | | GDP by sector | agriculture: 3.1% | | industry: 61.6% | | services: 35.4% (2008 est.) | | Inflation | (CPI) 10.3% (2008 est.) | | Labour force | 6.74 million (2008 est.) note: about one-third of the population in the 15-64 age group is non-national | Labour force | | by occupation | agriculture: 6.7% | | industry: 21.4% | | services: 71.9% (2005 est.) | | Unemployment | 11.8% among Saudi males (2008 est.) | | Main industries | crude oil production, petroleum refining, basic petrochemicals, ammonia, industrial gases, sodium hydroxide (caustic soda), cement, fertilizer, plastics, metals, commercial ship repair, commercial aircraft repair, construction [2007] | External Trade | | Exports | $329.7 billion f.o.b. (2008 est.) | | Export goods | petroleum and petroleum products 90% | | Main export partners | US 17.1%, Japan 16.3%, South Korea 9.7%, China 8.1%, Taiwan 4.7%, Singapore 4% (2007) | | Imports | $107.4 billion f.o.b. (2008 est.) | | Import goods | machinery and equipment, foodstuffs, chemicals, motor vehicles, textiles | | Main import partners | US 12.6%, China 9.4%, Germany 8.8%, Japan 8.1%, Italy 5%, South Korea 4.9%, UK 4.5% (2007) | | Gross External Debt | $71.56 billion (31 December 2008 est.) | Public finances | | Public Debt | 17.7% of GDP (2008 est.) | | Revenues | $205 billion (2008) | | Expenses | $146 billion (2008) | | Economic aid | (Donor) $100 million in 1993 to Lebanon; since 2000, Saudi Arabia has committed $307 million to Palestinians; pledged $240 million to Afghanistan; pledged $1 billion in export guarantees and soft loans to Iraq. |
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