(Billions of dollars unless otherwise stated)
1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | |
1. Saudi Oil Production Million Barrels / Day - MBD |
8.6 | 9.8 | 10.3 | 10.2 | 6.9 | 5.4 | 4.6 | 3.6 | 5.2 | 4.6 | 5.7 | 5.6 | 7.1 | 8.8 | 9.1 | 9.0 | 8.9 | 8.9 | 9.1 | 9.2 | 9.2 | 8.5 | 9.1 | 8.8 |
2. OPEC Oil Production - MBD | 30.3 | 31.5 | 27.5 | 23.4 | 20.0 | 18.4 | 17.8 | 17.0 | 20.0 | 19.5 | 21.7 | 22.8 | 24.6 | 24.7 | 26.1 | 26.9 | 27.2 | 27.5 | 28.3 | 29.6 | 30.8 | 29.3 | 30.9 | 30.2 |
3. World Oil Production - MBD | 63.1 | 65.8 | 62.8 | 59.4 | 57.1 | 56.7 | 57.7 | 57.6 | 60.7 | 60.9 | 63.5 | 64.0 | 65.4 | 65.1 | 65.7 | 66.0 | 66.9 | 67.9 | 69.7 | 72.8 | 73.3 | 71.8 | 74.5 | 74.5 |
4. Saudi Oil Exports Billions of Dollars - BD |
40.3 | 62.9 | 108.2 | 119.0 | 78.1 | 44.8 | 36.3 | 25.9 | 18.1 | 20.4 | 20.2 | 24.1 | 40.1 | 43.7 | 44.8 | 38.6 | 38.1 | 43.0 | 54.3 | 48.2 | 32.0 | 44.9 | 74.6 | 59.4 |
5. World Oil Prices - Annual Average, in Dollars |
13.39 | 30.21 | 36.68 | 35.27 | 32.45 | 29.64 | 28.55 | 27.61 | 14.43 | 18.44 | 14.98 | 18.25 | 23.71 | 19.98 | 19.41 | 17.00 | 15.95 | 17.20 | 20.37 | 19.27 | 13.07 | 17.98 | 28.24 | 24.98 |
6. World Energy Consumption** Millions of Tons - MT |
6707 | 6947 | 6906 | 6874 | 6870 | 6953 | 7227 | 7414 | 7118 | 7352 | 7613 | 7782 | 7886 | 8147 | 8172 | 8222 | 8321 | 8512 | 8787 | 8841 | 8853 | 8884 | 9096 | 9125 |
7. World Oil Consumption - MT | 3083 | 3125 | 2999 | 2899 | 2815 | 2784 | 2823 | 2809 | 2893 | 2947 | 3038 | 3087 | 3136 | 3138 | 3170 | 3141 | 3200 | 3247 | 3323 | 3396 | 3410 | 3481 | 3519 | 3511 |
8. Share of Oil in Total Energy Consumption- % |
46 | 45 | 43 | 42 | 41 | 40 | 39 | 38 | 41 | 40 | 40 | 40 | 40 | 39 | 39 | 38 | 38 | 38 | 38 | 38 | 39 | 39 | 39 | 38 |
*Source: International Monetary Fund, International Financial Statistics, monthly and annual.
** Refers to petroleum (oil), coal, natural gas, hydro and nuclear.
(Billions of dollars unless otherwise stated)
1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | |
9. Total Revenues: of which: |
39.3 | 63.0 | 104.9 | 108.2 | 71.8 | 59.6 | 48.4 | 35.7 | 21.4 | 31.3 | 22.6 | 32.4 | 42.3 | 42.3 | 44.2 | 37.8 | 34.4 | 39.0 | 47.3 | 54.9 | 40.6 | 42.4 | 74.3 | 65.6 | 41.7 |
10. Oil Revenues | 34.4 | 56.5 | 96.2 | 96.6 | 54.2 | 41.9 | 29.3 | 16.8 | 13.1 | 16.1 | 12.9 | 21.1 | 32.9 | 32.9 | 33.9 | 30.5 | 27.5 | 30.4 | 39.1 | 42.7 | 37.7 | 27.9 | 57.2 | 49.1 | 27.9 |
11. Total Expenditures: of which: |
43.7 | 56.2 | 71.3 | 83.7 | 71.4 | 66.4 | 61.0 | 48.7 | 37.7 | 49.5 | 36.0 | 40.1 | 61.1 | 61.1 | 54.7 | 54.9 | 43.7 | 45.1 | 51.8 | 63.7 | 54.7 | 52.9 | 67.8 | 73.4 | 58.1 |
Domestic Interest Payments* | - | - | - | - | - | - | - | - | - | - | - | 1.3 | 4.6 | 4.6 | 4.0 | 3.7 | 4.0 | 5.2 | 6.3 | 6.5 | 6.8 | 7.2 | 7.7 | 9.0 | 8.2 |
13. Operation and Maintenance | - | - | - | - | - | 7.7 | 7.3 | 6.7 | 6.2 | 6.1 | 5.0 | 5.7 | 3.4 | 3.4 | 7.5 | 6.4 | 5.6 | 7.2 | 6.3 | 6.9 | 6.0 | 5.0 | 7.7 | 7.7 | 6.3 |
14. Capital Expenditures | 19.2 | 31.2 | 37.1 | 42.8 | 36.3 | 23.9 | 22.5 | 14.7 | 12.0 | 15.4 | 6.8 | 9.3 | 7.8 | 7.8 | 8.6 | 8.0 | 5.6 | 6.7 | 6.4 | 9.8 | 5.4 | 4.8 | 7.8 | 9.1 | 5.3 |
15. Military Outlays** | 10.6 | 16.9 | 16.5 | 19.3 | 19.4 | 18.4 | 19.1 | 16.4 | 14.2 | 14.1 | 12.8 | 13.0 | 15.7 | 15.7 | 15.2 | 18.1 | 18.1 | 18.5 | 18.5 | 23.2 | 13.2 | - | - | - | - |
16. Foreign Aid** | 1.9 | 2.9 | 7.4 | 7.2 | 3.9 | 3.7 | 2.9 | 3.0 | 2.7 | 3.1 | 2.1 | 1.7 | 2.2 | 2.2 | 0.6 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | - | - |
17. Budgetary Balance (- indicates a deficit in that year) |
-4.4 | 6.8 | 33.6 | 24.5 | 0.4 | -6.9 | -12.6 | -13.9 | -20.1 | -18.2 | -13.4 | -7.7 | -18.8 | -18.8 | -11.1 | -9.3 | -9.3 | -7.3 | -5.0 | -4.5 | -14.0 | -10.4 | 6.5 | -7.8 | -16.4 |
18. Budgetary Balance/GDP (%) | -5.9 | 6.6 | 22.6 | 16.1 | 0.4 | -6.4 | -12.8 | -16.1 | -22.5 | -25.3 | -18.3 | -9.4 | -8.7 | -8.7 | -9.0 | -10.0 | -7.9 | -5.9 | -3.8 | -2.5 | -8.9 | 6.0 | 3.2 | -3.9 | -8.3 |
19. Gross Domestic Product - GDP (Billions of Dollars - BD) |
73.4 | 114.8 | 156.5 | 155.1 | 121.1 | 107.7 | 99.7 | 86.7 | 73.2 | 73.6 | 76.1 | 83.0 | 104.7 | 118.0 | 118.5 | 118.5 | 120.2 | 123.0 | 158.0 | 165.0 | 146.0 | 161.0 | 189.0 | 186.0 | 184.0 |
20. GDP per capita, in dollars | 8,645 | 12,856 | 16,702 | 15,810 | 11,815 | 9,642 | 8,322 | 6,854 | 5,479 | 5,408 | 5,428 | 5,752 | 7,041 | 7,134 | 6,987 | 6,830 | 6,768 | 7,003 | 7,500 | 7,517 | 6,422 | 7,005 | 8,454 | 8,845 | 8,730 |
21. Domestic Debt - BD | - | - | - | - | - | - | - | - | - | - | - | 19.0 | 52.1 | 52.1 | 63.2 | 75.6 | 90.0 | 102.0 | 112.0 | 125.0 | 151.0 | 162.0 | 160.0 | 168.0 | 169.0 |
22. Domestic Debt/GDP (%) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 76 | 83 | 84 | 77.2 | 102.1 | 103.5 | 87.2 | 90.1 | 95.1 |
23. External (Foreign) Debt - BD*** | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17.3 | 19.7 | 21.8 | 19.4 | 22.6 | 21.3 | 29.9 | 40.9 | 36.1 | 36.2 | 36.7 |
24. Balance of Payments Current Account - BD |
-2.2 | 10.2 | 41.5 | 39.6 | 7.6 | -16.9 | -18.4 | -12.9 | -11.8 | -9.8 | -7.3 | -9.5 | -4.2 | -27.5 | 17.7 | -17.3 | -10.5 | -5.3 | 0.7 | 0.3 | -13.2 | 0.4 | 14.3 | 14.5 | 9.6 |
* Domestic interest payments arise from domestic debt. The debt arises from almost continuous budgetary deficits since 1983.
** Spending on military and foreign aid is believed to be understated; there is considerable off-budget spending on both.
*** External debt is not reported explicitly in the budget. Aramco (the state-owned oil company) is reported to use its superior credit rating to borrow in international markets, and transfers the proceeds to the treasury. External debt is repayable in dollars.
1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1887 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | |
25. Total Private Consumption (Billions of Saudi Riyals - Current Prices) |
68.61 | 102.4 | 114.9 | 126.5 | 151.3 | 157.4 | 159.3 | 158.6 | 146.2 | 135.5 | 139.4 | 145 | 155.9 | 168.8 | 183.9 | 193.9 | 185.8 | 193.5 | 206.3 | 206.2 | 198.6 | 206.2 | 213.2 | 255.8 |
26. Consumer Price Index, 1995=100 | 86.0 | 87.6 | 90.9 | 93.4 | 94.4 | 94.6 | 93.1 | 90.0 | 87.4 | 86.0 | 86.8 | 87.7 | 89.5 | 93.9 | 93.8 | 94.8 | 94.3 | 100 | 101.3 | 101.2 | 100.9 | 99.3 | 98.0 | 98.5 |
27. Index of Private Consumption per Capita |
88 | 123 | 127 | 140 | 157 | 140 | 134 | 130 | 113 | 109 | 108 | 108 | 110 | 99 | 109 | 111 | 103 | 100 | 102 | 98 | 98 | 99 | 100 | 99 |
28. Total Population (in millions) | 8.49 | 8.93 | 9.37 | 9.81 | 10.25 | 11.17 | 11.98 | 12.65 | 13.36 | 13.61 | 14.02 | 14.43 | 14.87 | 16.54 | 16.96 | 17.35 | 17.76 | 17.09 | 17.61 | 18.24 | 18.93 | 19.90 | 20.35 | 21.03 |
29. Total Employed (thousands) | - | 2471 | 2930 | - | - | - | - | 4259 | 4174 | - | - | - | - | - | - | - | 6490 | 6575 | 6855 | 6985 | 7121 | 7176 | 7240 | 7305 |
30. of which: Foreigners | - | 1060 | 1534 | - | - | - | - | 2521 | 2426 | - | - | - | - | - | - | - | 3945 | 3916 | 4076 | 4080 | 4085 | 4003 | 3918 | 3827 |
31. Share of Foreigners Total Employed (%) | - | 43 | 52 | - | - | - | - | 59 | 58 | - | - | - | - | - | - | - | 61 | 60 | 59 | 58 | 57 | 56 | 54 | 52 |