j

Saudi Arabia in Brief

Basic Economic Fact Sheet June 2010

General Information
Capital: Riyadh Population: 24.8 Million (Including Non-Nationals)
Surface Area: 1,335,948 Square Miles Exchange Rate: $1 = 3.75 Riyals (SR)
Official Language: Arabic Head of State and Head of Government:
King Abdullah Bin Abdul Aziz Al Saud
Recent Economic Indicators

2005 2006 2007 2008 2009p 2010f

Nominal GDP ($U.S. Billion) 315.3 356.2 383.4 467.6 369.2 422.5
Real GDP (% Change) 5.6 3.2 3.4 4.2 0.60 3.9
GDP per Capita ($U.S) 13,640 15,041 15,814 18,849 14,880 17,028
Inflation 0.7 2.3 4 9.9 5.1 4.7
Current Account Balance ($U.S. Billion) 91 94.8 93.3 147 20.5 26.3
Fiscal Balance ($U.S. Billion) 55.7 72 47.2 155 -12.0 -18.7

Trade and Investment in Saudi Arabia

U.S. Trade with Saudi Arabia Top Saudi Imports from the U.S.
($U.S. Millions) Top 5 State Exporters 2009
($U.S. Billions)
($U.S. Millions)
60 Commodity 2009
50 Nuclear Reactors, Boilers, Machinery 3,278
Imports 2,500
40 Vehicles and Parts 2,383
2,000
30 Aircraft, Spacecraft, and Parts 1,025 1,500
20 Electric Machinery, Sound & TV Equip. 827 1,000
Exports
10 Optic, Photo, Medic or Surgical 567 500
Instruments 0
0
Miscellaneous Chemical Products 239
2005 2006 2007 2008 2009 Cereals 215 TX SC CA NJ MI
Special Classification Provisions 214

Saudi Arabia is the world’s 15th largest exporter and 31st largest importer of products and services.
The U.S. is the number 1 source of FDI in Saudi Arabia.

U.S.-Saudi Arabian Trade Statistics (2009) FDI Inflow by Destination (2006)

Bilateral Trade $32.8 Billion Mining, Extraction of Oil & Gas 34%
KSA Exports to U.S. $22.0 Billion Refining Petroleum Products 22%
KSA Imports from U.S. $10.8 Billion Chemicals & Chemical Products 16%
U.S.-Saudi Joint Ventures 357 Finance Services & Insurance 12%
Joint Venture Value $21.9 Billion Electricity & Water Supply 9%
Real Estate 4%
U.S. is KSA’s Largest Trading Partner Contracting 3%
KSA is U.S. 9th Largest Trading Partner

Doing Business in Saudi Arabia

According to the World Bank, Saudi Arabia is ranked 13th out of 183 countries in “Ease of Doing Business.”

Saudi Arabia: $1.4 Trillion in Invesment Opportunities

$11 Infrastructure
$11 $800 Petrochemicals
$28 Power Generation
Desalination
$50
Telecommunications
Tourism
Natural Gas
$53
Agriculture
$60
Education/Training
$88 $91 $149
$92 Information Technology
Privatisation
Value ($U.S. Billion)

Sources: World Bank; SAGIA; Samba Financial Group; World Institute for Strategic Economic Research; Saudi Arabian Monetary Agency; Saudi Commerce & Economic Review