🇸🇦 Saudi Arabia's GDP (current prices) 2003: $215 billion 2023: $1.07 trillion (IMF)
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🇸🇦Saudi Arabia still relies heavily on oil exports. In 2023, oil revenue accounted for around 70% of the government's budget.
@spectatorindex 🇸🇦 Saudi Arabia country profile: Area - 2.15 million square km Area rank - 13th Population - 37.5 million (2024 estimate) GDP - $1.07 trillion (2023 IMF) GDP rank - 19th Currency - Saudi Riyal Most spoken language - Arabic Capital city - Riyadh
@spectatorindex IMF raises Saudi GDP growth estimate to 5.5% in 2025.
@spectatorindex This is how you know a serious country
@spectatorindex They have a relatively low inflation rate over this period. This is actual growth.