Saudi Arabia Economy - 1986

GEOGRAPHICAL NAMES 

GDP: $108 billion (FY84 est.), $10,335 per capita, annual growth in nonoil GDP in constant 1969/70 prices approx. 7% (1981-84)

Natural resources: oil, natural gas iron ore, gold, copper

Agriculture: dates, grains, livestock; not selfsufficient in food except wheat

Major industries: crude oil production 3.6 million b/d (1985); oil revenue payments to Saudi Arabian Government, $28 billion (FY85); petroleum refining, basic petrochemicals, cement production and small steel-rolling mill; several other light i idustries, including factories producing detergents, plastic products, furniture

Electric power: 18.997,500 kW capacity (1985); 49.925 billion kWh produced (1985), 4,476 kWh per capita

Exports: $40 billion (f.o.b., 1984); 98% petroleum and petroleum products

Imports $35 billion (c.i.f., 1984); manufactured goods, transportation equipment, construction materials, and processed food products

Major trade partners: exports—Japan, US, France; imports—US, Japan, FRG

Budget: FY85 proposed appropriations, $55 billion; current expenditures, $21.5 billion (est.); capital expenditures, $33.5 billion (est.)

Monetary conversion rate: 3.65 Saudi riyals=US$l (December 1985)

Fiscal year: follows Islamic calendar months Rajab through Jumada II; the Saudi fiscal year covers 21 March 1985-10 March 1986

NOTE: The information regarding Saudi Arabia on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Saudi Arabia 1986 information contained here. All suggestions for corrections of any errors about Saudi Arabia 1986 should be addressed to the CIA or the source cited on each page.