Saudi Arabia: indigenous sources of information

Saudi Arabia is one of the most rapidly developing members of the Organization of Petroleum Exporting Countries (OPEC). The rapidly growing economy of Saudi Arabia has a number of important features which make it quite different from any other major economy. With a growth rate of over 60 per cent, the Saudi economy is dominated by the petroleum sector. However, the growth rate of the non‐oil sector, the diversification of which is the main objective of Saudi development policies, is no less spectacular: currently it is registering a growth rate of over 10 per cent. Agriculture accounts for about 3 per cent of the GDP, and manufacturing activities slightly less than 2 per cent. Net factor income payments to the rest of the world are negative and hence the gross national product is smaller than the gross domestic product.