Countries
🇸🇦 Saudi Arabia
Riyadh · SAR
The Gulf's largest economy and the world's largest oil exporter, in the middle of a state-led diversification programme (Vision 2030) financed largely through the Public Investment Fund.
Verified · updated 13 Sept 2026
Key indicators
$1,277 bn
GDP (nominal)
World Bank, World Development Indicators·2025·13 Jul 2026·About this indicator
Labour snapshot
3%
Unemployment rate (total)
World Bank, World Development Indicators·2025(estimate)·13 Jul 2026·About this indicator
65.1%
Labour force participation (total)
World Bank, World Development Indicators·2025(estimate)·13 Jul 2026·About this indicator
49.5%
Labour force participation (nationals)
Saudi Press Agency·Q4 2025·31 Mar 2026·About this indicator
Nationalisation programme
Ministry of Human Resources and Social Development
Saudization is applied through Nitaqat, which sets minimum shares of Saudi employees by sector and firm size, alongside sector-specific localisation decisions for professions such as engineering, accounting and retail.
Official source ↗Sovereign funds
Major companies
- ACWA Power · Power & water
- SABIC · Chemicals
- Saudi Aramco · Oil & gas
- stc group · Telecoms & digital
All verified values
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Sources
- World Bank, World Development Indicators · data.worldbank.org
- Saudi Press Agency · spa.gov.sa