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auto-update week 2
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@ -257,7 +257,7 @@
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"text": "1.92 children born/woman (2022 est.)"
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},
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"Gross reproduction rate": {
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"text": "0.94 (2022 est.)"
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"text": "0.92 (2023 est.)"
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},
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"Contraceptive prevalence rate": {
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"text": "27.9% (2019)"
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@ -345,12 +345,12 @@
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"text": "2% (2020 est.)"
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}
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},
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"Currently married women (ages 15-49)": {
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"text": "63.4% (2022 est.)"
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},
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"Children under the age of 5 years underweight": {
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"text": "NA"
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},
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"Currently married women (ages 15-49)": {
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"text": "63.2% (2023 est.)"
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},
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"Education expenditures": {
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"text": "7.8% of GDP (2020) NA"
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},
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@ -381,13 +381,13 @@
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},
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"Youth unemployment rate (ages 15-24)": {
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"total": {
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"text": "29.4%"
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"text": "28.8%"
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},
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"male": {
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"text": "21.6%"
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"text": "22.4%"
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},
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"female": {
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"text": "51.5% (2020 est.)"
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"text": "47.9% (2021 est.)"
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}
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}
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},
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@ -672,37 +672,37 @@
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"text": "<p>Saudi Arabia has an oil-based economy with strong government controls over major economic activities. It possesses about 16% of the world's proven petroleum reserves, ranks as the largest exporter of petroleum, and plays a leading role in OPEC. The petroleum sector accounts for roughly 87% of budget revenues, 42% of GDP, and 90% of export earnings.</p> <p> </p> <p>Saudi Arabia is encouraging the growth of the private sector in order to diversify its economy and to employ more Saudi nationals. Approximately 6 million foreign workers play an important role in the Saudi economy, particularly in the oil and service sectors; at the same time, however, Riyadh is struggling to reduce unemployment among its own nationals. Saudi officials are particularly focused on employing its large youth population.</p> <p> </p> <p>In 2017, the Kingdom incurred a budget deficit estimated at 8.3% of GDP, which was financed by bond sales and drawing down reserves. Although the Kingdom can finance high deficits for several years by drawing down its considerable foreign assets or by borrowing, it has cut capital spending and reduced subsidies on electricity, water, and petroleum products and recently introduced a value-added tax of 5%. In January 2016, Crown Prince and Deputy Prime Minister MUHAMMAD BIN SALMAN announced that Saudi Arabia intends to list shares of its state-owned petroleum company, ARAMCO - another move to increase revenue and outside investment. The government has also looked at privatization and diversification of the economy more closely in the wake of a diminished oil market. Historically, Saudi Arabia has focused diversification efforts on power generation, telecommunications, natural gas exploration, and petrochemical sectors. More recently, the government has approached investors about expanding the role of the private sector in the health care, education and tourism industries. While Saudi Arabia has emphasized their goals of diversification for some time, current low oil prices may force the government to make more drastic changes ahead of their long-run timeline.</p>"
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},
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"Real GDP (purchasing power parity)": {
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"Real GDP (purchasing power parity) 2021": {
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"text": "$1.594 trillion (2021 est.)"
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},
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"Real GDP (purchasing power parity) 2020": {
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"text": "$1,543,240,000,000 (2020 est.)"
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"text": "$1.544 trillion (2020 est.)"
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},
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"Real GDP (purchasing power parity) 2019": {
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"text": "$1,609,320,000,000 (2019 est.)"
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},
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"Real GDP (purchasing power parity) 2018": {
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"text": "$1,604,010,000,000 (2018 est.)"
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"text": "$1.611 trillion (2019 est.)"
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},
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"note": "<strong>note:</strong> data are in 2017 dollars"
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},
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"Real GDP growth rate": {
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"Real GDP growth rate 2017": {
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"text": "-0.9% (2017 est.)"
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"Real GDP growth rate 2021": {
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"text": "3.24% (2021 est.)"
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},
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"Real GDP growth rate 2016": {
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"text": "1.7% (2016 est.)"
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"Real GDP growth rate 2020": {
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"text": "-4.14% (2020 est.)"
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},
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"Real GDP growth rate 2015": {
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"text": "4.1% (2015 est.)"
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"Real GDP growth rate 2019": {
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"text": "0.33% (2019 est.)"
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}
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},
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"Real GDP per capita": {
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"Real GDP per capita 2021": {
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"text": "$44,300 (2021 est.)"
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},
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"Real GDP per capita 2020": {
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"text": "$44,300 (2020 est.)"
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"text": "$42,900 (2020 est.)"
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},
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"Real GDP per capita 2019": {
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"text": "$47,000 (2019 est.)"
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},
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"Real GDP per capita 2018": {
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"text": "$47,600 (2018 est.)"
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"text": "$45,000 (2019 est.)"
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},
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"note": "<strong>note:</strong> data are in 2017 dollars"
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},
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@ -710,14 +710,14 @@
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"text": "$792.849 billion (2019 est.)"
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},
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"Inflation rate (consumer prices)": {
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"Inflation rate (consumer prices) 2021": {
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"text": "3.06% (2021 est.)"
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},
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"Inflation rate (consumer prices) 2020": {
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"text": "3.45% (2020 est.)"
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},
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"Inflation rate (consumer prices) 2019": {
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"text": "-2% (2019 est.)"
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},
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"Inflation rate (consumer prices) 2018": {
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"text": "-4.5% (2018 est.)"
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},
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"Inflation rate (consumer prices) 2017": {
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"text": "-0.8% (2017 est.)"
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"text": "-2.09% (2019 est.)"
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}
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},
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"Credit ratings": {
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@ -770,10 +770,10 @@
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"text": "crude oil production, petroleum refining, basic petrochemicals, ammonia, industrial gases, sodium hydroxide (caustic soda), cement, fertilizer, plastics, metals, commercial ship repair, commercial aircraft repair, construction"
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},
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"Industrial production growth rate": {
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"text": "-2.4% (2017 est.)"
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"text": "1.71% (2021 est.)"
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},
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"Labor force": {
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"text": "13.8 million (2017 est.)",
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"text": "16.06 million (2021 est.)",
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"note": "<strong>note:</strong> comprised of 3.1 million Saudis and 10.7 million non-Saudis"
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},
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"Labor force - by occupation": {
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@ -788,23 +788,26 @@
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}
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},
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"Unemployment rate": {
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"Unemployment rate 2017": {
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"text": "6% (2017 est.)"
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"Unemployment rate 2021": {
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"text": "7.36% (2021 est.)"
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},
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"Unemployment rate 2016": {
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"text": "5.6% (2016 est.)"
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"Unemployment rate 2020": {
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"text": "7.45% (2020 est.)"
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},
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"Unemployment rate 2019": {
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"text": "5.67% (2019 est.)"
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},
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"note": "<strong>note:</strong> data are for total population; unemployment among Saudi nationals is more than double"
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},
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"Youth unemployment rate (ages 15-24)": {
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"total": {
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"text": "29.4%"
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"text": "28.8%"
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},
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"male": {
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"text": "21.6%"
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"text": "22.4%"
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},
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"female": {
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"text": "51.5% (2020 est.)"
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"text": "47.9% (2021 est.)"
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}
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},
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"Population below poverty line": {
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@ -843,28 +846,31 @@
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}
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},
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"Taxes and other revenues": {
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"text": "26.4% (of GDP) (2017 est.)"
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"text": "8.6% (of GDP) (2020 est.)"
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},
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"Fiscal year": {
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"text": "calendar year"
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},
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"Current account balance": {
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"Current account balance 2017": {
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"text": "$15.23 billion (2017 est.)"
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"Current account balance 2021": {
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"text": "$44.324 billion (2021 est.)"
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},
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"Current account balance 2016": {
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"text": "-$23.87 billion (2016 est.)"
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"Current account balance 2020": {
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"text": "-$22.814 billion (2020 est.)"
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},
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"Current account balance 2019": {
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"text": "$38.23 billion (2019 est.)"
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}
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},
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"Exports": {
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"Exports 2021": {
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"text": "$286.502 billion (2021 est.) note: data are in current year dollars"
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},
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"Exports 2020": {
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"text": "$184.11 billion (2020 est.) note: data are in current year dollars"
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"text": "$182.848 billion (2020 est.) note: data are in current year dollars"
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},
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"Exports 2019": {
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"text": "$285.86 billion (2019 est.) note: data are in current year dollars"
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},
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"Exports 2018": {
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"text": "$314.92 billion (2018 est.) note: data are in current year dollars"
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}
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},
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"Exports - partners": {
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@ -874,14 +880,14 @@
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"text": "crude petroleum, refined petroleum, polymers, industrial alcohols, natural gas (2019)"
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},
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"Imports": {
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"Imports 2021": {
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"text": "$213.016 billion (2021 est.) note: data are in current year dollars"
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},
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"Imports 2020": {
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"text": "$179.8 billion (2020 est.) note: data are in current year dollars"
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"text": "$182.184 billion (2020 est.) note: data are in current year dollars"
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},
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"Imports 2019": {
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"text": "$218.94 billion (2019 est.) note: data are in current year dollars"
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},
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"Imports 2018": {
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"text": "$209.59 billion (2018 est.) note: data are in current year dollars"
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"text": "$218.941 billion (2019 est.) note: data are in current year dollars"
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}
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},
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"Imports - partners": {
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"text": "cars, broadcasting equipment, refined petroleum, packaged medicines, telephones (2019)"
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},
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"Reserves of foreign exchange and gold": {
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"Reserves of foreign exchange and gold 31 December 2017": {
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"text": "$496.4 billion (31 December 2017 est.)"
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"Reserves of foreign exchange and gold 31 December 2021": {
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"text": "$473.89 billion (31 December 2021 est.)"
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},
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"Reserves of foreign exchange and gold 31 December 2016": {
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"text": "$535.8 billion (31 December 2016 est.)"
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"Reserves of foreign exchange and gold 31 December 2020": {
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"text": "$472.851 billion (31 December 2020 est.)"
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},
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"Reserves of foreign exchange and gold 31 December 2019": {
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"text": "$514.963 billion (31 December 2019 est.)"
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}
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},
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"Debt - external": {
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@ -910,20 +919,20 @@
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"Currency": {
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"text": "Saudi riyals (SAR) per US dollar -"
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},
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"Exchange rates 2021": {
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"text": "3.75 (2021 est.)"
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},
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"Exchange rates 2020": {
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"text": "3.7514 (2020 est.)"
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"text": "3.75 (2020 est.)"
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},
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"Exchange rates 2019": {
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"text": "3.75 (2019 est.)"
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},
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"Exchange rates 2018": {
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"text": "3.7518 (2018 est.)"
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"text": "3.75 (2018 est.)"
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},
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"Exchange rates 2014": {
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"text": "3.75 (2014 est.)"
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},
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"Exchange rates 2013": {
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"text": "3.75 (2013 est.)"
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"Exchange rates 2017": {
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"text": "3.75 (2017 est.)"
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}
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}
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},
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