http://www.tradingeconomics.com/RSS Feed60http://www.tradingeconomics.com/saudi-arabia/gdp-growthThe Gross Domestic Product (GDP) in Saudi Arabia expanded 6.80 in 2011. Historically, from 1969 until 2011, Saudi Arabia GDP Growth Rate averaged 5.1 Percent reaching an all time high of 27.5 Percent in December of 1974 and a record low of -11.1 Percent in December of 1982. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. Saudi Arabia has an oil-based economy with strong government controls over major economic activities. It possesses more than 20% of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. The petroleum sector accounts for roughly 80% of budget revenues, 45% of GDP, and 90% of export earnings. This page includes a chart with historical data for Saudi Arabia GDP Growth Rate. Sat, 26 May 2012 15:39:00 GMThttp://www.tradingeconomics.com/saudi-arabia/gdp-growth-annualThe Gross Domestic Product (GDP) in Saudi Arabia expanded 6.80 percent in 2011. Historically, from 1969 until 2011, Saudi Arabia GDP Annual Growth Rate averaged 5.1 Percent reaching an all time high of 27.5 Percent in December of 1974 and a record low of -11.1 Percent in December of 1982. The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. This page includes a chart with historical data for Saudi Arabia GDP Annual Growth Rate. Saudi Arabian Monetary AgencySat, 26 May 2012 15:39:00 GMThttp://www.tradingeconomics.com/saudi-arabia/current-account-to-gdpSaudi Arabia reported a Current Account surplus of 24.40 percent of the country's Gross Domestic Product in 2011. Historically, from 1980 until 2011, Saudi Arabia Current Account to GDP averaged 3.2800 Percent reaching an all time high of 28.5000 Percent in December of 2005 and a record low of -21.0000 Percent in December of 1991. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for Saudi Arabia Current Account to GDP.Saudi Arabia Monetary AgencyMon, 21 May 2012 19:00:00 GMThttp://www.tradingeconomics.com/saudi-arabia/balance-of-tradeSaudi Arabia reported a trade surplus equivalent to 263 Billion SAR in the fourth quarter of 2011. Historically, from 1968 until 2011, Saudi Arabia Balance of Trade averaged 121438.5300 Million SAR reaching an all time high of 454159.0000 Million SAR in December of 2005 and a record low of 3898.0000 Million SAR in December of 1986. Saudi Arabia is the world's leading oil producer and exporter. Oil accounts for more than 90% of the country's exports. Saudi Arabia mostly imports machinery and equipment, foodstuffs, chemicals, motor vehicles and textiles. Its main trading partners are: Japan, European Union, China an The United States. This page includes a chart with historical data for Saudi Arabia Balance of Trade.Saudi Arabian Monetary AgencyMon, 21 May 2012 18:58:00 GMThttp://www.tradingeconomics.com/saudi-arabia/importsSaudi Arabia imports were worth 98.4 Billion SAR in the fourth quarter of 2011. Historically, from 1968 until 2011, Saudi Arabia Imports averaged 84119.5500 Million SAR reaching an all time high of 222985.0000 Million SAR in December of 2005 and a record low of 2578.0000 Million SAR in December of 1968. Saudi Arabia mostly imports machinery and equipment, foodstuffs, chemicals, motor vehicles and textiles. Its main import partners are European Union countries (Germany, Italy, UK), United States, China, Japan and South Korea. This page includes a chart with historical data for Saudi Arabia Imports.Saudi Arabian Monetary AgencyMon, 21 May 2012 18:57:00 GMThttp://www.tradingeconomics.com/saudi-arabia/exportsSaudi Arabia exports were worth 361.6 Billion SAR in the fourth quarter of 2011. Historically, from 1968 until 2011, Saudi Arabia Exports averaged 205849.7000 Million SAR reaching an all time high of 677144.0000 Million SAR in December of 2005 and a record low of 9118.0000 Million SAR in December of 1968. Saudi Arabia is the world's leading oil producer and exporter and Saudi oil reserves are the largest in the world. Oil accounts for more than 90% of the country's exports and nearly 75% of government revenues. Saudi Arabia main export partners are Japan, China, United States and European Union. This page includes a chart with historical data for Saudi Arabia Exports.Saudi Arabian Monetary AgencyMon, 21 May 2012 18:55:00 GMThttp://www.tradingeconomics.com/saudi-arabia/current-accountSaudi Arabia reported a current account surplus equivalent to 49.3 Billion USD in the fourth quarter of 2011. Historically, from 1971 until 2011, Saudi Arabia Current Account averaged 13180.1700 Million USD reaching an all time high of 90060.7000 Million USD in December of 2005 and a record low of -27509.3000 Million USD in December of 1991. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page includes a chart with historical data for Saudi Arabia Current Account.Saudi Arabian Monetary AgencyMon, 21 May 2012 18:51:00 GMThttp://www.tradingeconomics.com/saudi-arabia/government-debt-to-gdpSaudi Arabia recorded a Government Debt to GDP of 7.50 percent of the country's Gross Domestic Product in 2011. Historically, from 1999 until 2011, Saudi Arabia Government Debt To GDP averaged 50.7300 Percent reaching an all time high of 103.5000 Percent in December of 1999 and a record low of 7.5000 Percent in December of 2011. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Saudi Arabia Government Debt To GDP.International Monetary Fund Mon, 21 May 2012 18:48:00 GMThttp://www.tradingeconomics.com/saudi-arabia/government-budgetSaudi Arabia reported a Government Budget surplus equal to 9.10 percent of the country's Gross Domestic Product in 2011. Historically, from 2006 until 2011, Saudi Arabia Government Budget averaged 12.3200 Percent of GDP reaching an all time high of 32.5000 Percent of GDP in December of 2008 and a record low of -6.1000 Percent of GDP in December of 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes a chart with historical data for Saudi Arabia Government Budget.Saudi Arabian Monetary AgencyMon, 21 May 2012 18:45:00 GMThttp://www.tradingeconomics.com/saudi-arabia/inflation-cpiThe inflation rate in Saudi Arabia was recorded at 5.30 percent in April of 2012. Historically, from 2003 until 2012, Saudi Arabia Inflation Rate averaged 3.7900 Percent reaching an all time high of 11.0800 Percent in July of 2008 and a record low of 0.0000 Percent in September of 2004. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes a chart with historical data for Saudi Arabia Inflation Rate.Saudi Arabian Monetary AgencyMon, 21 May 2012 18:38:00 GMThttp://www.tradingeconomics.com/saudi-arabia/unemployment-rateThe unemployment rate in Saudi Arabia was last reported at 10.50 percent in 2010. Historically, from 1999 until 2010, Saudi Arabia Unemployment Rate averaged 10.0800 Percent reaching an all time high of 12.0000 Percent in December of 2006 and a record low of 8.1000 Percent in December of 1999. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Saudi Arabia Unemployment Rate.Central Department of Statistics and InformationThu, 05 Apr 2012 16:21:00 GMThttp://www.tradingeconomics.com/saudi-arabia/interest-rateThe benchmark interest rate in Saudi Arabia was last reported at 2.00 percent. Historically, from 1992 until 2012, Saudi Arabia Interest Rate averaged 4.1200 Percent reaching an all time high of 7.0000 Percent in May of 2000 and a record low of 1.5000 Percent in March of 2004. In Saudi Arabia the interest rates decisions are taken by the Saudi Arabian Monetary Agency (SAMA). Central bank official interest rate is the Official Repo Rate (ORR). This page includes a chart with historical data for Saudi Arabia Interest Rate.Saudi Arabian Monetary AgencyThu, 05 Apr 2012 16:14:00 GMThttp://www.tradingeconomics.com/saudi-arabia/gdp-per-capitaThe Gross Domestic Product per capita in Saudi Arabia was last reported at 9425.30 US dollars in 2010, according to a report published by the World Bank. The GDP per Capita in Saudi Arabia is equivalent to 76 percent of the world's average. Historically, from 1968 until 2010, Saudi Arabia GDP per capita averaged 10561.3000 USD reaching an all time high of 16428.9800 USD in December of 1977 and a record low of 6976.3800 USD in December of 1968. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for Saudi Arabia GDP per capita.World BankWed, 04 Jan 2012 19:04:00 GMThttp://www.tradingeconomics.com/saudi-arabia/gdp-per-capita-pppThe Gross Domestic Product per capita in Saudi Arabia was last reported at 22713.41 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Saudi Arabia, when adjusted by Purchasing Power Parity is equivalent to 103 percent of the world's average. Historically, from 1980 until 2010, Saudi Arabia GDP per capita PPP averaged 16862.2800 USD reaching an all time high of 22713.4100 USD in December of 2010 and a record low of 12011.1600 USD in December of 1987. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Saudi Arabia GDP per capita PPP.World BankWed, 04 Jan 2012 19:02:00 GMThttp://www.tradingeconomics.com/saudi-arabia/population Historically, from 1960 until 2010, Saudi Arabia Population averaged 13.3600 Million reaching an all time high of 25.9900 Million in December of 2010 and a record low of 4.0700 Million in December of 1960. The total population in Saudi Arabia was last reported at 26 million people in 2010 from 4.1 million in 1960, changing 524 percent during the last 50 years. Saudi Arabia has 0.37 percent of the world´s total population which means that one person in every 272 people on the planet is a resident of Saudi Arabia. This page includes a chart with historical data for Saudi Arabia's Total Population. This page includes a chart with historical data for Saudi Arabia Population.World BankFri, 28 Oct 2011 13:56:00 GMThttp://www.tradingeconomics.com/saudi-arabia/industrial-productionIndustrial Production in Saudi Arabia increased 2.20 percent in December of 2009. Historically, from 1963 until 2009, Saudi Arabia Industrial Production averaged 4.5300 Percent reaching an all time high of 50.7000 Percent in December of 1986 and a record low of -33.9000 Percent in December of 1982. Industrial production measures changes in output for the industrial sector of the economy which includes manufacturing, mining, and utilities. Industrial Production is an important indicator for economic forecasting and is often used to measure inflation pressures as high levels of industrial production can lead to sudden changes in prices. This page includes a chart with historical data for Saudi Arabia Industrial Production.Saudi Arabia Central Bureau ofFri, 28 Oct 2011 13:56:00 GMT