A. World and Saudi Oil Production

(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.

B. Saudi Budgets

(Billions of dollars unless otherwise stated)

1978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002
9. Total Revenues:
of which:
39.363.0104.9108.271.859.648.435.721.431.322.632.442.342.344.237.834.439.047.354.940.642.474.365.641.7
10. Oil Revenues 34.456.596.296.654.241.929.316.813.116.112.921.132.932.933.930.527.530.439.142.737.727.957.249.127.9
11. Total Expenditures:
of which:
43.756.271.383.771.466.461.048.737.749.536.040.161.161.154.754.943.745.151.863.754.752.967.873.458.1
Domestic Interest Payments* ---- -------1.34.64.64.03.74.05.26.36.56.87.27.79.08.2
13. Operation and Maintenance -----7.77.36.76.26.15.05.73.43.47.56.45.67.26.36.96.05.07.77.76.3
14. Capital Expenditures 19.231.237.142.836.323.922.514.712.015.46.89.37.87.88.68.05.66.76.49.85.44.87.89.15.3
15. Military Outlays** 10.616.916.519.319.418.419.116.414.214.112.813.015.715.715.218.118.118.518.523.213.2----
16. Foreign Aid** 1.92.97.47.23.93.72.93.02.73.12.11.72.22.20.60.20.20.10.10.10.10.10.1--
17. Budgetary Balance
(- indicates a deficit in that year)
-4.46.833.624.50.4-6.9-12.6-13.9-20.1-18.2-13.4-7.7-18.8-18.8-11.1-9.3-9.3-7.3-5.0-4.5-14.0-10.46.5-7.8-16.4
18. Budgetary Balance/GDP (%)-5.96.622.616.10.4-6.4-12.8-16.1-22.5-25.3-18.3-9.4-8.7-8.7-9.0-10.0-7.9-5.9-3.8-2.5-8.96.03.2-3.9-8.3
19. Gross Domestic Product - GDP
(Billions of Dollars - BD)
73.4114.8156.5155.1121.1107.799.786.773.273.676.183.0104.7118.0118.5118.5120.2123.0158.0165.0146.0161.0189.0186.0184.0
20. GDP per capita, in dollars 8,64512,85616,70215,81011,8159,6428,3226,8545,4795,4085,4285,7527,0417,1346,9876,8306,7687,0037,5007,5176,4227,0058,4548,8458,730
21. Domestic Debt - BD -----------19.052.152.163.275.690.0102.0112.0125.0151.0162.0160.0168.0169.0
22. Domestic Debt/GDP (%) --------- -------76838477.2102.1103.587.290.195.1
23. External (Foreign) Debt - BD***--------- -----17.319.721.819.422.621.329.940.936.136.236.7
24. Balance of Payments
Current Account - BD
-2.210.241.539.67.6-16.9-18.4-12.9-11.8-9.8-7.3-9.5-4.2-27.517.7-17.3-10.5-5.30.70.3-13.20.414.314.59.6

* 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.

C. Saudi Living Standards

197819791980198119821983198419851986188719881989199019911992199319941995199619971998199920002001
25. Total Private Consumption
(Billions of Saudi Riyals - Current Prices)
68.61102.4114.9126.5151.3157.4159.3158.6146.2135.5139.4145155.9168.8183.9193.9185.8193.5206.3206.2198.6206.2213.2255.8
26. Consumer Price Index, 1995=100 86.087.690.993.494.494.693.190.087.486.086.887.789.593.993.894.894.3100101.3101.2100.999.398.098.5
27. Index of Private Consumption
per Capita
881231271401571401341301131091081081109910911110310010298989910099
28. Total Population (in millions) 8.498.939.379.8110.2511.1711.9812.6513.3613.6114.0214.4314.8716.5416.9617.3517.7617.0917.6118.2418.9319.9020.3521.03
29. Total Employed (thousands) -24712930----42594174-------64906575685569857121717672407305
30. of which: Foreigners-10601534----25212426-------39453916407640804085400339183827
31. Share of Foreigners Total Employed (%)-4352----5958-------6160595857565452