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In the 1990s, Saudi Arabia experienced a significant contraction of oil revenues combined with a high rate of population growth. Per capita income fell from a high of $11,700 at the height of the oil boom in 1981 to $6,300 in 1998. [ 42 ]
Saudi Arabia is the world's leading oil producer and exporter. Saudi Arabia's economy is petroleum-based; oil accounts for 90% of the country's exports and nearly 75% of government revenue. [1] The oil industry produces about 45% of Saudi Arabia's gross domestic product, against 40% from the private sector. [2]
Riyadh, the financial center of Saudi Arabia. The economy of Saudi Arabia is one of the top twenty economies in the world and is one of the largest economies 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 ...
Saudi Arabia's third-quarter non-oil revenue jumped 48 percent from the same period last year, to 211 billion riyals (44 billion pounds), its finance minister said on Thursday. The kingdom, which ...
This article lists the countries of the Arab League sorted by their gross domestic product (GDP) at nominal values.GDP is the value of all final goods and services produced within a nation in a given year.
In 2022, Saudi Arabia was the largest exporter of petroleum, followed by Russia and Iraq. Other major exporters of petroleum in that year included the United States, Canada and United Arab Emirates. In 2022, Saudi Arabia also had the largest oil export value in US dollar terms by far.
CAIRO (Reuters) -Saudi Arabia's NEOM, a Red Sea urban and industrial development, has signed a deal with DataVolt to develop a 1.5 gigawatt (GW) net zero artificial intelligence project in its ...
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.