Saudi Arabia Country profile


March 2018

Saudi Arabia is the largest economy in MENAP.  It outperforms most of the region on per capita income, creditworthiness and ease of doing business. But the slump in oil prices has weighed on growth. Until recently it was the world’s largest oil producer, and it remains the biggest exporter of oil.  But Saudi Arabia is trying to reduce its reliance on oil and diversify its economy.

This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars for 2018 as provided by the IMF. Annual GDP growth is for 2018. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.