Population Growth

Country report Saudi Arabia Summary Saudi Arabias economy is highly reliant on its oil welkin and as the country is sitting on top of a quarter of the worlds proven oil reserves, this is improbable to change anytime soon. On the other hand, the oil sector is not able to provide sufficient jobs for the fast growing population. The establishment aims to diversify and privatise the countrys economy by creating economic cities, although it is unlikely that this will bring any residuum to the unemployment ratio in both the short and longer term. The stick of the riyal to the US dollar has led to a solid cut in policy interest rates, which makes it even more(prenominal) difficult for the government to fight high inflation. The political line is stable, but geopolitical risks are high as Saudi Arabia is a main ally of the US. Nevertheless, it is expected to receive rigid support in case regional conflicts threaten to permeate to the country. Things to watch: Unemployment Inflation Oil price movements Militant attacks and geopolitical tensions Author: Joke Oudelaar Country Risk Research economical Research Department Rabobank Nederland P.O.Box 17100, 3500 HG Utrecht, The Netherlands +31-(0)30-21-68810 J.A.G.Oudelaar@rn.rabobank.

nl Contact details: June 2008 Rabobank stinting Research Department Page: 1/6 Country report Saudi Arabia subject area facts Type of government Capital Surface area (thousand sq km) nation (millions) Main ethnic groups Main religions Head of State (president) Monarchy capital of Saudi Arabia 2,150 26.3 Arab (90%) Afro-Asian (10%) Muslim (100%) King and Prime Minister Abdallah store Abd alAziz Al Saud Idem Saudi Riyal (SAR) Social and governance indicators gentle Development Index ( association) Ease of doing business (rank) Economic liberty power (rank) Corruption perceptions index (rank) Press freedom index (rank) Gini index (income distribution) Population below $1 per day (PPP) rank / total 61 / 177 23 / 178 60 / 157 79 / one hundred eighty 148 / 169 n.a.... If you want to get a full essay, order it on our website: Ordercustompaper.com

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