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23 February, 2021updated 30 Oct 2021 05:00

Investing in Saudi Arabia: what you need to know

All of the key data and information needed when considering investing in Saudi Arabia.

By Carmen

As of 2021, Saudi Arabia has a population of 35.3 million, making it the 41st largest country in the world by this measure. There are 57.8% males and 42.2% females.

There are 14.1 million people employed in Saudi Arabia, with an unemployment rate of 6.2% – 885,619 people.

Saudi Arabia is the 18th largest economy in the world with a GDP of $812.9bn. Saudi Arabia’s GDP has grown by 51% between 2010 and 2021 and is expected to grow by 20% by 2025.

As of 2021 there are 1.7 million students in tertiary education in Saudi Arabia, with 2 million students in secondary and 4.1 million in primary education. Saudi Arabia spent 6.5% of its GDP on education in 2019.

Saudi Arabia ranked 62nd in the World Bank’s Doing Business Report (2020). In the 2019 report it finished 92nd. In the World Economic Forum’s Global Competitiveness Report (2019), Saudi Arabia finished 36th, after ranking 36th in 2018.

Public healthcare expenditure totalled $31.6bn and private healthcare expenditure equalled $17bn in 2018.

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