Economy of Saudi Arabia - Wikipedia
With its absolute monarchy, large state sector, and supply of welfare benefits, the Saudi economy has been described asː. A bewildering (at least to outsiders) combination of a feudal fealty system and a more modern political patronage one.
Saudi Arabia's Economy Grows as it Diversifies - IMF
Sep 28, 2023 · Saudi Arabia’s economy is undergoing a transformation, as it implements reforms to reduce oil dependence, diversify income sources, and enhance competitiveness. This year marks an important juncture as the midpoint of Saudi Arabia’s ambitious Vision 2030 journey.
Saudi Economy Watch 2024 - PwC
Oct 27, 2024 · Saudi Arabia is establishing a manufacturing hub in King Abdullah Economic City, with a goal of producing 150,000 vehicles by 2026 and half a million vehicles by 2030, along with localisation of much of the component supply chain.
Saudi Arabia economy - economic indicators, 2024/2025 …
Nov 20, 2024 · The figures for Saudi Arabia's GDP per capita and nominal GDP show how its economy contracted in 2020 and 2023. Real GDP is now expected to grow in 2025. Growth in Saudi Arabia's non-oil GDP has been relatively stable over the past five years, while the Saudi oil GDP rate has fluctuated.
Saudi Arabia - Oil, Trade, Investment | Britannica
6 days ago · The economy of Saudi Arabia is dominated by petroleum and its associated industries. In terms of oil reserves, Saudi Arabia ranks first internationally, with about one-fifth of the world’s known reserves.
Saudi Arabia’s economy projected to grow by 4.9% in 2025: …
Oct 17, 2024 · RIYADH: Saudi Arabia’s economy is projected to remain resilient, with the Kingdom’s gross domestic product expected to grow by 1.6 percent this year, accelerating to 4.9 percent by 2025,...
Understanding Saudi Arabia's GDP: Trends, growth, and future …
Dec 1, 2024 · Overview of Saudi Arabia’s Economy. Saudi Arabia’s economy stands as the second-largest in the Middle East and ranks seventeenth globally. This economic powerhouse is predominantly driven by its petroleum sector, with oil contributing approximately 40 percent to the Kingdom’s GDP and accounting for about 75 percent of fiscal revenue in recent years.
Saudi Arabia Economy Overview: Forecast & Reports
Saudi Arabia boasts the largest economy in the Middle East and North Africa (MENA) region, with a GDP of just over USD 1 trillion (around a quarter of the MENA total) and a population of over 30 million.
Economy of Saudi Arabia - Fanack
Oct 18, 2024 · Since Mohammed bin Salman was appointed crown prince in 2017, Saudi economic policies have seen significant changes. The Saudi Vision 2030, approved in 2017, became the main compass for Saudi Arabia's development and economic plans. This has led to many changes in the labour market and the local economy's structure from 2017 to 2023.
Saudi Arabia’s trillion-dollar economy gains momentum, fueled …
Sep 12, 2024 · Saudi Arabia’s economy continues to surge forward, building on its recent achievement of trillion-dollar status as ambitious Vision 2030 reforms propel the Kingdom toward becoming one of the world’s leading economies.
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