Coat of Arms
King Salman bin Abdulaziz
»Saudi Arabian,Saudi (informal)
»Unitary Islamic absolute monarchy
»2,149,690 km2 (13th)
» Per capita -$53,935 (11th)
»$777.870 billion (19th)
» Per capita -$25,401 (31st)
»Saudi riyal (SR) (SAR
Saudi Arabia officially known as the Kingdom of Saudi Arabia (KSA), is the largest Arab state in Western Asia by land area (approximately 2,150,000 km2 (830,000 sq. mi), constituting the bulk of the Arabian Peninsula), and the second-largest in the Arab world after Algeria. Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain and the United Arab Emirates to the east, Oman to the southeast, and Yemen in the south border it. It is the only nation with both a Red Sea coast and a Persian Gulf coast. Before the inception of the Kingdom of Saudi Arabia, modern-day Saudi Arabia consisted of four distinct regions: Hejaz, Najd and parts of Eastern Arabia (Al-Hasa) and Southern Arabia (‘Asir). Ibn Saud founded the Kingdom of Saudi Arabia in 1932 he united the four regions into a single state through a series of conquests beginning in 1902 with the capture of Riyadh, the ancestral home of his family, the House of Saud.
Saudi Arabia is the world’s dominant oil producer and exporter while it controls world’s second largest hydrocarbon reserves. Backed by the energy reserves, the kingdom is categorized as a high-income economy and is the only Arab country to be part of the G-20 major economies. Saudi Arabia has the least diversified economy in the GCC.
Saudi Arabia’s command economy is petroleum-based; roughly 75% of budget revenues and 90% of export earnings come from the oil industry. It is strongly dependent on foreign workers with about 80% of those employed in the private sector being non-Saudi. Among the challenges to Saudi economy include halting or reversing the decline in per capita income, improving education to prepare youth for the workforce and providing them with employment, diversifying the economy, stimulating the private sector and housing construction, diminishing corruption and inequality.
The oil industry comprises about 45% of Saudi Arabia’s nominal gross domestic product, compared with 40% from the private sector (see below). Saudi Arabia officially has about 260 billion barrels (4.1×1010 m3) of oil reserves, comprising about one-fifth of the world’s proven total petroleum reserves.
Saudi Arabia is the top exporter of Crude Petroleum, Ethylene Polymers, Propylene Polymers, and Acyclic Alcohols.
Top 5 Products exported by Saudi Arabia
Crude Petroleum (76%), Refined Petroleum (5.7%), Ethylene Polymers (3.7%),Acyclic Alcohols (2.9%), and Petroleum Gas (2.5%)
Refined Petroleum (5.7%), Ethylene Polymers (3.7%),Acyclic Alcohols (2.9%), and Petroleum Gas (2.5%)
Ethylene Polymers (3.7%),Acyclic Alcohols (2.9%), and Petroleum Gas (2.5%)
Acyclic Alcohols (2.9%), Petroleum Gas (2.5%)
Petroleum Gas (2.5%)
Top 5 Export destinations of Saudi Arabia
South Korea (13%),
Top 5 Products imported by Saudi Arabia
Refined Petroleum (5.4%),
Packaged Medicaments (2.3%),
Delivery Trucks (1.6%)
Top 5 Import origins ofSaudi Arabia
United States (10%),
South Korea (7.7%),
Saudi Arabia is ranked 77 with an Economic Complexity Index (ECI) of -0.141585
Although tourism in Saudi Arabia is largely based around religious pilgrimage, there is growth in the leisure tourism sector. According to the World Bank, approximately 14.3 million people visited Saudi Arabia in 2012, making it the world’s 19th-most-visited country.
Potential tourist areas include the Hijaz and Sarawat Mountains, Red Sea diving and a number of ancient ruins.
In December 2013, Saudi Arabia announced its intention to begin issuing tourist visas for the first time in its history. Council of Ministers entrusted the Supreme Commission for Tourism and Antiquities with visa issuing on the basis of certain regulations approved by the Ministries of Interior and Foreign Affairs.
The best-known sites in Saudi Arabia are likely the two holy cities of Islam; Mecca and Medina. However, it’s prohibited for non-Muslims to enter these cities.
There are two UNESCO World Heritage Sites in the country, both inscribed in 2008. These are the Al-Hijr Archaeological Site (Madâin Sâlih) in Hejaz and the At-Turaif District in Diriyah.
The old town of Jeddah.
Old and ultra-modern architecture in the capital of Riyadh.
A whole lot of desert – the Arabian Desert makes up most of the country.