answersLogoWhite

0

What is significant about Saudi Arabia's economy?

Updated: 8/17/2019
User Avatar

Wiki User

15y ago

Best Answer

Saudi Arabia has the most oil reserves in the world

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is significant about Saudi Arabia's economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is Saudi arabias item of specilization?

Saudi Arabia is the world's largest producer of oil. It is the cornerstone of its economy. The USA is the largest customer of Saudi oil.


What is Saudi Arabias economic system?

mixed


How is Saudi Arabias government elected?

the people of the tribe


What is Saudi arabias main religion?

Islam is the main religion of Saudi Arabia.


What is Saudi Arabias country color?

It's green and white.


What is Saudi Arabias voting rights?

im not so sure since its a monarchy


Who were Saudi arabias allies?

Saudi Arabia's allies are mainly Islamic and Arab nations, such as Iraq, Iran, Qatar, Bahrain, and Yemen.


What is Saudi Arabias religious beliefs?

Pfft, Muslim... It's kinda illegal to be any other religion there.


Who exactly are Saudi Arabias allies?

somalia uk us uae sudan kosovo albania sweden germany egypt isreal puntland somaliland


What does Saudi Arabia's economy specialize in?

oil


What is the economy like in Saudi Arabia?

The economy of Saudi Arabia is dependent on oil and has strong government control over major economic activities. The Saudi economy is the largest in the Arab world. Saudi Arabia has the world's second-largest proven petroleum reserves and the country is the largest exporter of petroleum. It has also the fifth-largest proven natural gas reserves. Saudi Arabia is considered an "energy superpower". It has third highest total estimated value of natural resources, valued at US$34.4 trillion in 2016


Does Saudi Arabia has a command and mixed economy?

Does_Saudi_Arabia_has_a_command_and_mixed_economy