Saudi Arabia Country Profile


January 2019

Saudi Arabia is the largest economy in MENAP.  It outperforms most of the region on per capita income, creditworthiness and ease of doing business. The economy remains heavily dependent on oil and is the largest exporter of oil.  But Saudi Arabia is trying diversify its economy away from oil.

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 between 2018 and 2023 as provided by the IMF. Annual GDP growth is the average between 2018 and 2023. 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.