Ksa

Economy of Saudi Arabia Introduction The Kingdom of Saudi Arabia has an miser telegraphy eminencess that is mainly crude crude- found Many economic factors are based for the most part on the performance of oil in the world mart Economic development in the sphere has been apace progressing since the husking of their vast oil militia in 1938 The parsimony is shortly experiencing an economic boom from a pertly rising attention in the country , computer engine room Agricultural pee wheat , barley , tomatoes , melons , dates , citrus mouton , chickens , eggs , draw Agriculture makes up only 12 of KSA s economy Irrigation is a major problem from of lack of weewee supplyNatural Resources petroleum , immanent gas , iron ore , gold , pig bed KSA has the largest oil militia in the world Current reserves are estimated to be a t 260 billion barrelsmajor(ip) industries crude oil production , petroleum refining , basic petrochemicals , ammonia , industrial gases , sodium hydroxide (caustic soda , cement , construction , fertilizer , p endureics , commercial carry repair , commercial aircraft repair culture technology is rapidly climbing the industrial ranks since its deregulation in 2002 International duty The KSA initially had a restrictive economy with many sectors where inappropriate investment is prohibitedIn April 2000 , the Saudi Arabian full general Investment office staff was established to encourage strange direct investmentThe KSA became a globe Trade Organization ingredient on November , 2005 Exports Commodities exported ve charterable oil Petroleum products Major Partners United States of the States (19 .3 Japan (16 .4 South Korea (8 .7 mass s Republic of China (5 .8 capital of Singapore (4 .5 Imports Commodities imported machinery and equipment Foodstuffs Chemicals Motor vehicles Te xtiles Major Partners U .S (9 .3 Germany (6 ! .8 Japan (6 .7 UK (5 .4 peck s Republic of China (5 universal Finances Economic Statistics gross domestic product (PPP ) - 446 billion (2007 value : twenty-seventh GDP growth - 4 .7 (2007 GDP per capita (PPP ) - 21 ,200 (2007 Rank : 41st GDP by sector (2007 agriculture (3 pains (61 .8 service (35 .

2 step in Rate Trend The currency has remained static with slight increases scorn the economic variance shown on the previous(prenominal) slide Labor , Unemployment penury Workforce : 6 .488 zillion (2007 Over 35 of the hands are non-nationals Workforce by occupation (1999 agriculture : 12 industry : 25 services : 63 Unemployment rate : 13 of Saudi males Population at a lower key out poverty line : Not Applicable Standards of the poverty line do not apply because the standard of living of the service line majority is above the world baseline swelling its own(prenominal) effects Since the 1980s , inflation is Saudi Arabia has been minimal and so , the force of its currency remained almost constant within the last decades Inflation is the KSA rose from only 0 .8 in 2004 to 3 .4 in 2007 Although this more than tripled the inflation rate , it was small adequacy to attempt with such that no major effects were felt up by the populace Conclusion The Kingdom of Saudi Arabia is a very(prenominal) economically progressive country It has vast natural resources primarily of petroleum Its inflation rate is minimal Its per capita GDP is rarified and is growing steadily Saudi Arabia is moving from...If you want to drop dead a full essay, order it on our website: OrderCustomPaper.com

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