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Home > Countries > Saudi Arabia

Saudi Arabia

Saudi Arabia has an oil-based economy with strong government control over major economic activities. Saudi Arabia possesses 18% of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC, although its influence has waned in recent years.

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  Economy of Saudi Arabia
Currency Saudi Riyal (harr)
Fiscal Year Calendar year (01 January - 31 December)
GDP (PPP) $19,800
GDP (per capita) $24,000
Exports $350.7 billion (2009 est.)
Imports $106.5 billion (2010 est.)
Main Industries 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
Export Goods Petroleum and petroleum products 90%
Import Goods Machinery and equipment, foodstuffs, chemicals, motor vehicles, textiles Finance
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