OFID Member Countries
Official country name: Kingdom of Saudi Arabia
National capital: Riyadh
Location: Occupying about four-fifths of the Arabian Peninsula and bordered by Jordan, Iraq and Kuwait to the north, by Yemen to the south, by Oman to the south and east, and by Qatar and the United Arab Emirates to the north-east.
Area: 2.15 km2
| Natural resources: | petroleum, natural gas, iron ore, gold, copper |
| National currency: | Saudi Arabian Riyal (SRL) |
| Principal exports: | Crude and refined petroleum, petrochemicals |
| Principal imports: | Machinery and transport equipment, chemicals, foodstuffs, textiles and clothing |
| Year: | 2009 |
| Population: | 24.82 million (2008) |
| Average annual population growth rate 2008-15: | 2.1% |
| Adult literacy rate: | 85% (2007) |
| Life expectancy at birth (total years, 2007): | 72.7 |
| GDP (annual % change): | 0.15% |
| GDP current: | US$481.63 billion (2008) |
| GDP per capita: | US$19,405 (2008) |
| Structure of Output (in % total GDP) 2008 |
|
| Agriculture, value added (% of GDP): |
2% |
| Industry, value added (% of GDP): |
70% |
| Manufacturing, value added (% of GDP): |
8% |
| Services, value added (% of GDP): |
27% |
| Exports of goods & services: | US$173.23 billion (2009) |
| Imports of goods & services (annual % growth): | 96.43% (2009) |
| Current account balance (% of GDP): |
5.5% (2009) |
| Inflation (annual %): | 4.4% |
| Official exchange rate:Riyals per US$ 2009: | 3.75 |
| OFID Ministerial Council Member: | HE Dr. Ibrahim Al-Assaf, Minister of Finance, Minister of Finance |
| OFID Governing Board Representative: | HE Dr. Hamad S. Al-Bazai, Vice Minister, Ministry of Finance |
| OFID Governing Board Alternate: | Mr. Ahmed M. Al-Ghannam, Director-General, Saudi Export Program, The Saudi Fund for Development |