ployment opportunities for the swelling Saudi
population. Priorities for government spending in the short term
include additional funds for education and for the water and sewage
systems. Economic reforms proceed cautiously because of deep-rooted
political and social conservatism.

GDP:
purchasing power parity - $287.8 billion (2003 est.)

GDP - real growth rate:
5.3% (2003 est.)

GDP - per capita:
purchasing power parity - $11,800 (2003 est.)

GDP - composition by sector:
agriculture: 4.7%
industry: 58.8%
services: 36.5% (2003 est.)

Investment (gross fixed):
18% of GDP (2003)

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
0.5% (2003 est.)

Labor force:
6.43 million
note: more than 35% of the population in the 15-64 age group is
non-national (2003)

Labor force - by occupation:
agriculture 12%, industry 25%, services 63% (1999 est.)

Unemployment rate:
25% (2003)

Budget:
revenues: $78.77 billion
expenditures: $66.76 billion, including capital expenditures of NA
(2003 est.)

Public debt:
94.6% of GDP (2003)

Agriculture - products:
wheat, barley, tomatoes, melons, dates, citrus; mutton, chickens,
eggs, milk

Industries:
crude oil production, petroleum refining, basic petrochemicals,
cement, construction, fertilizer, plastics

Industrial production growth rate:
7.7% (2003 est.)

Electricity - production:
122.4 billion kWh (2001)

Electricity - consumption:
113.8 billion kWh (2001)

Electricity - exports:
0 kWh (2001)

Electricity - imports:
0 kWh (2001)

Oil - production:
8.711 million bbl/day (2001 est.)

Oil - consumption:
1.452 million bbl/day (2001 est.)

Oil - exports:
7.92 million bbl/day (2003)

Oil - imports:
0 bbl/day (2003)

Oil - proved reserves:
261.7 billion bbl (1 January 2002)

Natural gas - production:
53.69 billion cu m (2001 est.)

Natural gas - consumption:
53.69 billion cu m (2001 est.)

Natural gas - exports:
0 cu m (2001 est.)

Natural gas - imports:
0 cu m (2001 est.)

Natural gas - proved reserves:
6.339 trillion cu m (1 January 2002)

Current account balance:
$22.27 billion (2003)

Exports:
$86.53 billion f.o.b. (2003 est.)

Exports - commodities:
petroleum and petroleum products 90%

Exports - partners:
US 20.6%, Japan