Indicators of economy in Saudi ArabiaThe essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2019 was at about 11.429 US Dollar per capita. In contrast, the GDP in Saudi Arabia reached 23.140 US dollars per inhabitant, or 792.97 bn US Dollar in the whole country. Saudi Arabia is therefore one of the world's largest economies and is currently at rank 18. If this is calculated per inhabitant taking into account the purchasing power parity, then Saudi Arabia is in the list of the world's richest countries in place 25.
Inflation in Saudi Arabia was in 2020 at around 3.45%. For the the EU, the average of the same was year at 0.51%.
Compared to Germany, the prices for convenience goods are approximately 49.93% lower.
The Corruption Perceptions Index for the public sector counts 53 and is compared to other countries moderate.
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Unemployment rates in percent 1991 - 2020
Economic performance 2019
|GDP||792.97 bn USD||23,139.80 USD||15,626.45 tn USD||30,377.04 USD|
|Gross national product||782.62 bn USD||22,837.92 USD||16,026.52 tn USD||31,154.76 USD|
Saudi Arabia ranked 53rd in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 14 of the 2000 largest listed companies in the world originate from Saudi Arabia. This is determined annually in the "Forbes Global 2000" list. The 10 largest companies in the country were in 2020:
Rank 5: Saudi Arabian Oil Company (Saudi Aramco) (Dhahran)
Rank 212: Saudi Basic Industries (Riyadh)
Rank 335: Saudi Telecom (Riyadh)
Rank 396: National Commercial Bank (Jeddah)
Rank 473: Al Rajhi Bank (Riyadh)
Rank 590: Saudi Electricity (Riyadh)
Rank 709: Riyad Bank (Riyadh)
Rank 780: Samba Financial Group (Riyadh)
Rank 814: Saudi British Bank (Riyadh)
Rank 934: Banque Saudi Fransi (Riyadh)
Development of the Gross domestic product in billion US Dollar 1979 - 2019
Im- and Exports 2019
|Imports||209.95 bn USD||6,126.73 USD||8,073.39 bn USD||15,694.28 USD|
|Exports||285.77 bn USD||8,339.22 USD||8,622.21 bn USD||16,761.16 USD|
Development of imports and exports in billion US dollars 1979 - 2019