In World Bank’s ease of doing business ranking Saudi Arabia was ranked
92 out of 190 countries in 2018. Saudi Arabia’s ease of doing business ranking
slipped from 15th position in 2008.
Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is the
largest Arab state in Western Asia by land area approximately 830,000 square
miles, constituting the bulk of the Arabian Peninsula and the second-largest in
the Arab world, after Algeria. It shares its borders with 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.
Saudi Arabia had estimated population of 31.743 million in the year
2016 and expected to reach 35.747 million by 2022. Saudi Arabia’s unemployment
rate was 5.727% of total labor force.
Saudi Arabia’s real gross domestic product (GDP) was around SAR 2580.82
billions in 2016 whereas the nominal GDP was SAR 2398.56 billions. This
resulted in GDP deflator 92.938. Per capita GDP was estimated at USD 20150.13
whereas purchasing power parity (PPP) based per capita GDP was estimated to be
at USD 55158.22.
In 2016, Saudi Arabia government’s revenue was SAR 528 billions whereas
the expenditure was SAR 933.402 billions. This resulted Saudi Arabia
government’s net lending / borrowing negative at SAR 405.402 billion in 2016
indicating that enough financial resources were not made available by the
government to boost economic growth.
The current account balance for Saudi Arabia was estimated to be
negative at USD 24.914 billions for the
year 2016 and is expected to decrease at a CAGR of 176.07% and reach USD 8.363
by 2022. This negative current account balance indicates the Saudi Arabia is
net borrower from the whole world.
Scope of Saudi Arabia – PESTLE Analysis and Macroeconomic Trends
Report
- This report provides information about key macroeconomic indicators
for Saudi Arabia.
- This report provides PESTLE (political, economic, social,
technological, legal and environmental) analysis for Saudi Arabia.
For more information and to purchase Saudi Arabia PESTLE Analysis
& Macroeconomic Trends Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/saudi-arabia-pestle-analysis-macroeconomic-trends-market-research-report
For more information and Other PESTLE Analysis Market Research Report
please visit: https://www.marketresearchreports.com/pestle-analysis
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