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National name |
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Al-Mamlaka al-Arabiya as-Sa’udiyah |
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Background |
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The country is the leading producer
of oil and natural gas in the world and economic reform and
development is highly pursued since Saudi Arabia became part
of the WTO which promotes foreign investment in the kingdom. |
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Location |
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Middle East, bordering the Arabian Gulf and
the Red Sea, north of Yemen. |
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Climate |
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Harsh, dry desert with great temperature extremes
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Population |
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27 million |
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Capital |
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Name: Riyadh |
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Population: 3.7 milion |
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Time difference: GMT +3 |
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Monetary Unit |
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Riyal |
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Language |
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Arabic |
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Religion |
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Islam |
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National Holiday |
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Unification of the Kingdom, 23 September (1932) |
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GDP (purchasing power party) |
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$374 billion (2006 est.) |
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GDP- per capita (PPP) |
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$13,800 (2006 est.) |
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Labor force |
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7.125 million |
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Inflation rate (consumer prices) |
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1.9% (2006 est.) |
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