SAUDI INVESTMENT BANK NAMES FEMALE CEO

NCB Capital, a major Saudi Arabian investment bank, named Sarah Al-Suhaimi, an accomplished asset manager, as its new CEO. She is the first woman to head an investment bank in the kingdom. The Saudi government owns part of National Commercial Bank, which controls NCB Capital.

 
 
Source
Central bank

Saudi Arabian Monetary Agency

International Reserves

US$ 737,797 billion (Source: World bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 773 billion (2014 estimate)

GDP (Purchasing Power Parity)

990 billion of International dollars (2014 estimate)

Real GDP growth
2005 2006 2007 2008 2009 2010 2011
7.3% 5.6% 6.0% 8.4% 1.8% 7.4% 8.6%
2012 2013 2014*        
5.8% 3.8% 4.1%        

*Estimate

GDP per capita - current prices

US$ 25,229 (2014 estimate)

GDP per capita - PPP

$32,340 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
1.37% 0.94% 0.84% 0.99% 1.09%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 2% 
  • industry: 62.5% 
  • services: 35.5% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2010 2011 2012 2013 2014*
3.8% 3.7% 2.9% 3.5% 3.0%

*Estimate

Unemployment rate
2010 2011 2012 2013 2014*
5.5% 5.8% 5.4% 5.5% N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
8.4% 5.4% 3.6% 2.7% 2.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
2.1% 12% 14.6% 8.3% 7.1%

*Estimate  

Government bond ratings

Standard & Poor's: AA-

Moody's rating: Aa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 22 2014)

Market value of publicly traded shares
2010 est 2011 2012 est
US$353.4 billion US$338.9 billion US$373.4 billion

2010 Estimate     2012 Estimate

Largest companies in Saudi Arabia

Saudi Basic Industries, Saudi Telecom, Saudi Electricity, Al Rajhi Bank, Mobily, Samba Financial Group, Riyad Bank, Saudi British Bank, Banque Saudi Fransi, Arab National Bank, Saudi Arabian Fertilizers, Savola Group, Saudi Arabian Mining, Petro Rabigh, Kingdom Holding, Saudi Hollandi Bank, Almarai, Alinma Bank, Saudi Investment Bank, Tasnee (2014)

 
 
Source
Current account balance

US$ 121.938 billion (2014 estimate)

Current account balance by percentage of GDP

15.783% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

52% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

2.11% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.24% (2012)

(Data were released in 2014)

Total exports

US$376.3 billion (2013 estimate) 

Export commodities

petroleum and petroleum products 90%

Total imports

US$147 billion (2013 estimate) 

 
 
Source
Import commodities

machinery and equipment, foodstuffs, chemicals, motor vehicles, textiles

Exports - major partners

US 14.2%, China 13.6%, Japan 13.6%, South Korea 9.9%, India 8.2%, Singapore 4.3% (2012)

Imports - major partners

China 13.5%, US 13.2%, South Korea 6.6%, Germany 6.5%, India 6.3%, Japan 6% (2012)

FDI inflows
2011 2012 2013
US$ 16,308 million US$ 12,182 million US$ 9,298 million
FDI outflows
2011 2012 2013  
US$ 3,430 million US$ 4,402 million US$ 4,943 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 1,698 million US$ 107 million US$ 294 million US$ 520 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 26 out of 189 countries (2013)

Subcategories:

Starting a business: 84 out of 189 countries

Enforcing Contracts: 127 out of 189 countries

Registering Property: 14 out of 189 countries

Getting credit: 55 out of 189 countries

Protecting investors: 22 out of 189 countries

Trading across border: 69 out of 189 countries

Paying Taxes: 3 out of 189 countries

Dealing with Construction Permits: 17 out of 189 countries

Getting Electricity: 15 out of 189 countries

Resolving Insolvency: 106 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

24 

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 77 Score: 62.2 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+3

Total area

2,149,690 sq km

Capital

Riyadh

Currency

Saudi riyals (SAR)

Government type

monarchy

Languages

Arabic (official)

Religions

Muslim (official; citizens are 85-90% Sunni and 10-15% Shia), other (includes Eastern Orthodox, Protestant, Roman Catholic, Jewish, Hindu, Buddhist, and Sikh) (2012 est.)

Total population
1990 2000 2010 2014* 2019**
15.187 million 20.474 million 27.563 million 30.624 million 33.812 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
31.3% 66% 80% 83%
Population median age

26.4 years (2014 est.)

Population growth rate

1.49% (2014 est.)

Life expectancy

74.82 years  (2014 est.)

Adult literacy

87.2% (2011 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 7
Civil Liberties: 7 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 16.4%   Mobile 176.5% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

60.50% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Riyadh 111th (2014)

CO2 emissions(Metric tons of CO2 per capita)

17.0 (2010)

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