Title: Economy of Saudi Arabia - Wikipedia
Headings: Economy of Saudi Arabia
Economy of Saudi Arabia
Contents
Economic overview
History
Foreign investment
Diversification and the development plans
Future plans
Employment
Non-petroleum sector
Real estate
Private sector
Trade
Challenges
Income drop
Demographics
Education
Innovation
Bureaucracy
Corruption
Poverty
Housing
Further diversification
Private sector growth
Investment
Doing business
Companies
Saudi ARAMCO
SABIC
Ma'aden (company)
ICT Services
See also
References
Notes
Further reading
External links

Content: Stable
Foreign reserves
$472.171 billion (April 2020) ( 5th)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars. The economy of Saudi Arabia is one of the top twenty economies in the world, and the largest economy in the Arab world and the Middle East. Saudi Arabia is part of the G20 group of countries. With a total worth of $ 34.4 trillion, Saudi Arabia has the second most valuable natural resources in the world. The country has the second-largest proven petroleum reserves, and is the largest exporter of petroleum in the world. It also has the fifth-largest proven natural gas reserves and is considered an "Energy Superpower". The economy of Saudi Arabia is heavily dependent on oil, and is a member of OPEC. In 2016 the Saudi Government launched its Saudi Vision 2030 to reduce the country's dependency on oil and diversify its economic resources. In the first quarter of 2019, Saudi Arabia's budget has accomplished its first surplus since 2014.