Saudi Arabia

Names: conventional long form: Kingdom of Saudi Arabia conventional short form: Saudi Arabia local long form: Al Mamlakah al Arabiyah as Suudiyah local short form: Al Arabiyah as Suudiyah

Capital City: Riyadh

Population: 27,019,731 note: includes 5,576,076 non-nationals (July 2006 est.)

GDP Per Capita: $13,800 (2006 est.)

Currency: Saudi riyal (SAR)

Languages: Arabic

Total Area: total: 2,149,690 sq km land: 2,149,690 sq km water: 0 sq km slightly more than one-fifth the size of the US

Region: Asia

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

Agriculture: wheat, barley, tomatoes, melons, dates, citrus; mutton, chickens, eggs, milk

Resources: petroleum, natural gas, iron ore, gold, copper

Labor Force: 7.125 million note: more than 35% of the population in the 15-64 age group is non-national (2006 est.)
agriculture: 12% industry: 25% services: 63% (1999 est.)

Exports: $204.5 billion f.o.b. (2006 est.)
petroleum and petroleum products 90%

Imports: $64.16 billion f.o.b. (2006 est.)
machinery and equipment, foodstuffs, chemicals, motor vehicles, textiles

Overview: This is an oil-based economy with strong government controls over major economic activities. Saudi Arabia possesses 25% 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 75% of budget revenues, 45% of GDP, and 90% of export earnings. About 40% of GDP comes from the private sector. Roughly 5.5 million foreign workers play an important role in the Saudi economy, particularly in the oil and service sectors. The government is encouraging private sector growth to lessen the kingdom's dependence on oil and increase employment opportunities for the swelling Saudi population. The government is promoting private sector and foreign participation in the power generation, telecom, natural gas, and petrochemical industries. As part of its effort to attract foreign investment and diversify the economy, Saudi Arabia acceded to the WTO in December 2005 after many years of negotiations. With high oil revenues enabling the government to post large budget surpluses, Riyadh has been able to substantially boost spending on job training and education, infrastructure development, and government salaries.

CIA World Book

In 2007 Missouri exported $129,814,017 in goods to Saudi Arabia. This ranks Saudi Arabia 21st among the 223 international buyers of Missouri goods. Missouri exports to Saudi Arabia increased from the previous year by $72,769,116 a change of 127.56%. State exports to Saudi Arabia have increased over the last 5 years by $80,147,724 a change of 161.37%. Missouri exports account for .97%. of all 2007 US exports to Saudi Arabia.



NAICS Industry Annual
2002 2003 2004 2005 2006 2007
000 - Total All Industries MO 49,666,293 27,393,360 25,412,040 32,131,302 57,044,901 129,814,017
000 - Total All Industries US 4,778,472,329 4,595,968,006 5,245,183,613 6,829,677,948 7,808,243,110 10,399,222,189
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