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Saudi Arabia

CAPITAL

Riyadh

GDP

$1.07 trillion

REGION

Middle East

GDP PER CAPITA, PPP

$64,840

POPULATION

36,948,000

AREA

2,149,690 SQ.KM

Saudi Arabia dominates the Middle East through petroleum wealth, religious significance, and strategic
geopolitics, maintaining disproportionate global influence despite regional challenges. Home to Islam’s
holiest sites and possessing the world’s second-largest proven oil reserves, the kingdom commands attention from international powers and markets. The country’s approximately 37 million inhabitants occupy a vast Arabian Peninsula territory stretching across critical trade routes connecting Asia, Africa, and Europe.

The Saudi economy remains fundamentally dependent on petroleum exports, which generate the vast majority of government revenues and export earnings. Oil wealth has financed ambitious development projects including ultramodern cities, extensive infrastructure, and substantial sovereign wealth funds. The government pursues Vision 2030, an economic diversification strategy emphasizing technology, tourism, renewable energy, and non-oil sectors. ARAMCO, the state oil company, remains among the world’s most valuable corporations.

Saudi Arabia maintains significant regional military capability and strategic partnerships with global powers.
The kingdom possesses substantial financial resources through sovereign wealth funds, providing leverage
in international affairs. The country faces challenges including human rights concerns, regional security
threats, and cultural modernization pressures. Vision 2030 reforms represent attempted governance modernization and economic restructuring. Saudi Arabia’s religious significance, combined with petroleum wealth and military capability, ensures continued global relevance.

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The country description included in this report was developed with the assistance of artificial intelligence.

David J. Reibstein, Ph.D.

The William S. Woodside Professor and

Professor of Marketing

Office

The Wharton School

University of Pennsylvania

3730 Walnut Street, 743 JMHH

Philadelphia, PA  19104

contact

Email: reibstein@wharton.upenn.edu
Telephone: 215-898-6643
Fax: 215-573-2129

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