Saudi Arabia has a high-income developing economy highly reliant on its petroleum sector. Oil and gas account for approximately 22.3% of Saudi GDP and 55% of government revenue, with substantial fluctuations depending on oil prices each year.
Saudi Arabia has a high-income developing economy highly reliant on its petroleum sector. Oil and gas account for approximately 22.3% of Saudi GDP and 55% of government revenue, with substantial fluctuations depending on oil prices each year.
Source: Wikipedia "Economy of Saudi Arabia" · CC BY-SA 4.0
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