the
Saudi economy, for example, in the oil and service sectors. Riyadh expects
to have a budget deficit in 2002, in part because of increased spending
for education and other social programs. The government in 1999 announced
plans to begin privatizing the electricity companies, which follows the
ongoing privatization of the telecommunications company. The government
is expected to continue calling for private sector growth to lessen the
kingdom's dependence on oil and increase employment opportunities for
the swelling Saudi population. Shortages of water and rapid population
growth will constrain government efforts to increase self-sufficiency
in agricultural products.

GDP: purchasing power parity - $241 billion (2001 est.)

GDP - real growth rate: 1.6% (2001 est.)

GDP - per capita: purchasing power parity - $10,600 (2001 est.)

GDP - composition by sector: agriculture: 7% industry: 48% services: 45%
(2000 est.)

Population below poverty line: NA%

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

Inflation rate (consumer prices): 1.7% (2001)

Labor force: 7 million note: 35% of the population in the 15-64 age
group is non-national (July 1998 est.)

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

Unemployment rate: NA%

Budget: revenues: $42 billion expenditures: $54 billion, including
capital expenditures of $NA (2002 est.)

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

Industrial production growth rate: 1% (1997 est.)

Electricity - production: 123.5 billion kWh (2000)

Electricity - production by source: fossil fuel: 100% hydro: 0% other: 0%
(2000) nuclear: 0%

Electricity - consumption: 114.855 billion kWh (2000)

Electricity - exports: 0 kWh (2000)

Electricity - imports: 0 kWh (2000)

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

Exports: $66.9 billion (f.o.b., 2001)

Exports - commodities: petroleum and petroleum products 90%

Exports - partners: US 17.4%, Japan 17.3%, South Korea 11.7%, Singapore
5.3%, India (2000)

Imports: $29.7 billion (f.o.b., 2001)

Imports - commodities: machinery and equipment, foodstuffs, chemicals,
motor vehicles, textiles

Imports - partners: US 21.1%, Japan 9.4%, Germany 7.4%, UK 7.3% (2000)

Debt - external: $23.8 billio