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Because of this, Saudi Arabia has experienced a population explosion in the last 40 years, [9] and continues to grow at a rate of 1.63% per year. [8] Saudi Arabia's population growth continues to be 0.295% higher than population growth rates in the Middle East and North Africa. [28]
Saudi Arabia is currently the largest exporter of petroleum in the world. [14] Other major parts of the economy include refining and chemical manufacturing from the oil reserves, much of which is vertically integrated in the state-owned enterprise, Saudi Aramco. Saudi Arabia is a permanent and founding member of OPEC.
Pie chart showing show share of nominal (GDP) of Arab League member countries. List. Rank Country/Territory ... Saudi Arabia: 1.138.716: 32,881(2025e.) 02.
Based on latest figures and estimates, the Arab League has a GDP of approximately US$3.5 trillion at nominal values and $9.4 trillion at purchasing power parity (PPP). The member states with the largest nominal GDP are Saudi Arabia at US$1.07 trillion, followed by the UAE at $509.18 billion and Egypt at $489.4 billion.
Country Projected population (24 January 2025) Pct of total UN Population estimates Annual growth [a] Doubling time (years) [b] 1 July 2023 1 July 2022 Increment
The economy of Saudi Arabia is one of the top twenty economies in the world, and the largest economy in the Arab world and the Middle East. [64] Saudi Arabia is part of the G20 group of countries. [65] With a total worth of $34.4 trillion, Saudi Arabia has the second most valuable natural resources in the world. [66]
This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person taking into account the changing population of the country. List of countries by GNI per capita growth measures changes in gross national income per capita.
This is a list of Arab League countries by gross domestic product at purchasing power parity (PPP). Gross domestic product is the value of all final goods and services produced within a nation in a given year.