Official Name: | The Kingdom of Saudi Arabia |
Sovereign Status: | Sovereign Country |
Government Type: | Absolute Monarchy |
Official Name (Local Language): | Al Mamlakah al Arabiyah as Suudiyah |
ISO Country Codes: | SA : SAU |
Internet Domain: | .sa |
Government Web Site: | https://www.my.gov.sa/ |
Capital: | Riyadh | Main Airports: | King Abdulaziz International Airport, King Fahd International Airport, King Khalid International Airport |
Language(s): | Arabic | Population: | 35,354,380 |
Currency: | Saudi Riyal | ISO Currency Code: | SAR |
Telephone Dial In: | +966 | ID Prefix: | 00 |
Government Website: | https://www.my.gov.sa/ |
Sovereign Ratings: | https://countryeconomy.com/ratings/saudi-arabia |
Central Bank: | Saudi Arabian Monetary Authority |
Currency USD Exchange Rate: | 3.7514 Saudi riyals (SAR) per US dollar (2020 est.) |
Unemployment Rate: | 6% (2017 est.) |
Population below poverty line: | N\A |
Inflation Rate: | -2% (2019 est.) |
Prime Lending Rate: | N\A |
GDP: | $1.594 trillion (2021 est.) |
GDP Pro Capita (PPP): | $44,300 (2021 est.) |
Currency Name: | Saudi Riyal |
Currency Code: | SAR |
World Bank Classification: | High-Income Economy |
GDP Composition:
Agriculture: | 2.4% | wheat, barley, tomatoes, melons, dates, citrus; mutton, chickens, eggs, milk |
Industry: | 42.9% | 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 |
Services: | 54.7% |
Subject to Country Specific Sanctions? NO
The World Bank’s World Integrated Trade Solution
Business Language(s): | Arabic; English |
Customs & Excise: | Ministry of Finance, Saudi Customs |
Development Bank(s): | Asian Infrastructure Investment Bank; Islamic Development Bank; |
National Standards Bureau: | Saudi Standards, Metrology and Quality Organization |
Competitive Ind’l Performance: 36/141 (2019) | Corruption Perceptions Index: 54/180 (2022 Rank) |
Ease of Doing Business: N/A | Enabling Trade Index: 67/136 (2016) |
Global Trade Alert | Search ITC's Lega Carta |
World Bank Logistics Performance Index |
Export Credit Agency: Saudi Export Programme ; Export Insurance Agency: Dhaman - The Arab Investment & Export Credit Guarantee Corporation ; The Islamic Corporation for the Insurance of Investment and Export Credit ;
Export Promotion Agency: Saudi Export Development Authority ; Investment Agency: Economic Cities and Special Zones Authority ; Invest Saudi ; Saudi Arabian Ministry of Investment ;
N/A
The Saudi Bar Association
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