Saudi Arabia

Western Asia

General Matters

Country name: Kingdom of Saudi Arabia

Capital: Riyadh

Population: 35.49 million ('23, IMF)

Area: 2.15 million square kilometers (10 times the Korean Peninsula)

Language: Arabic

Religion: Islam (Sounis 90%; Shia 10%)

Ethnicity: Arabs (27% Bedouin, 73% other Arab settlers)

Foundation: 1932 (1927, approved by the United Kingdom as a nation)

Form of government: Islamic monarchy

a major figure

King Salman: Custodian of the Two Holy Mosques King Salman

Crown Prince Mohammed bin Salman (H.R.H. Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud)

Foreign Minister: H.H. Faisal bin Farhan Al Saud

the composition of Parliament

National Advisory Council: The King exercised his right to appoint

GDP: $1.6 trillion ('23, IMF)

GDP per capita: $29,920 ('23, IMF)

Economic growth rate: 1.9% ('23, IMF projection)

Currency unit: The Saudi Riyal (SAR) / 1 US$ = 3.75 SAR (fixed exchange rate)

Trade: $580.2 billion ('22, EIU)

Export amount: $405.1 billion

Imports: $175.1 billion

Key Resources:

- Crude oil reserves: 267.1 billion barrels (2nd in the world, share: 17.2%)

- Natural gas reserves: 9.5 trillion㎥ (8th in the world, share: 3.2%)