Saudi Arabia – June 2021
Saudi Arabia is the largest economy in the Middle East, North Africa and Pakistan region (MENAP) and the world’s largest exporter of oil. Saudi Arabia outperforms most of the MENAP region on per capita income, creditworthiness and ease of doing business. The reliance on oil to drive output, jobs and fiscal and foreign-currency revenue leaves the country vulnerable to swings in oil production, demand and prices. Saudi Arabia remains committed to implementing reforms to diversify its economy away from oil.