Tag Archives: Saudi Arabia

According to allcountrylist, the economy of Saudi Arabia is divided into four main sectors: oil and gas, manufacturing, services, and agriculture. Oil and gas is the largest sector in Saudi Arabia accounting for roughly 50% of its GDP. This includes activities related to the production and sale of crude oil as well as natural gas exploration and production. Manufacturing is the second largest sector in Saudi Arabia accounting for around 19% of its GDP. This includes activities related to chemicals, construction materials, petroleum refining, food processing, metals and machinery production. Services are the third largest sector in Saudi Arabia accounting for roughly 28% of its GDP. This includes financial services, retail trade, transportation and communication services as well as health care and education services. Lastly, agriculture is the fourth largest sector in Saudi Arabia accounting for around 3% of its GDP. This includes crop production, livestock breeding and fisheries. In terms of economic growth over the past few years, Saudi Arabia has experienced a period of positive growth since 2011 with real GDP increasing by an average rate of 2-3%. This has been driven mainly by strong performance in both oil & gas as well as services which have grown at rates between 4-5%, while manufacturing has seen positive growth at a rate between 1-2%. Agriculture has seen relatively stagnant due to weak demand from both domestic and foreign sources. Overall, these sectors have contributed positively to Saudi’s economy with strong performance in both oil & gas as well as services being particularly important for driving economic growth over this period. The history of agriculture in Saudi Arabia dates back to the pre-Islamic era when nomadic tribes cultivated wild grains and dates. During the Islamic period, agriculture flourished as irrigation techniques were developed and crops such as wheat, barley, rice, vegetables and fruits were produced. By the 15th century, Saudi Arabia had become a major exporter of grains to the Middle East and North Africa. During the 19th century, there was a significant increase in agricultural production due to improved farming methods and new crops being introduced from other countries. This resulted in a large increase in exports which helped fuel economic growth throughout the region. During the 20th century, Saudi Arabia experienced rapid economic growth which was largely driven by its oil industry. However, this growth had an adverse effect on its agricultural sector as resources were diverted away from it towards more lucrative industries. In response to this, the government implemented a number of initiatives to modernize agriculture which included introducing new technologies such as irrigation systems and chemical fertilizers. Today, Saudi Arabia is still largely reliant on its agricultural sector with most of its exports coming from food products such as dates, grains and vegetables. Other crops that are produced include cotton, tobacco and coffee while livestock farming is also popular with sheep being the most common type of animal reared. In recent years there has been an increased focus on organic farming which has seen an uptick in exports of organic products to other countries around the world. See collegesanduniversitiesinusa for Saudi Arabia Education and Training.