Inflation in Saudi Arabia since 1987

The statistic shows the inflation rate in Saudi Arabia from 1987 to 2022, with projections up until 2029. In 2023, the average inflation rate amounted to 2.33 percent compared to the previous year. Oil production in Saudi Arabia Saudi Arabia’s economy relies heavily on production and export of oil and petroleum. A look at the distribution of global oil reserves by country shows that only Venezuela possesses a higher share in global oil reserves than the Arab state. All in all, Saudi Arabia’s economy is doing quite well. The oil reserves in Saudi Arabia have increased over the last two decades, and the same can be said for the country’s gross domestic product. The unemployment rate has been stable, while the trade balance has shown a steady upwards trend with a significant jump in 2011. Accordingly, Saudi Arabia’s national debt in relation to gross domestic product has been decreasing dramatically over the last ten years. Saudi Arabia is also among the countries with the highest oil consumption worldwide; a ranking of the share of the major consuming countries in global oil consumption, which is led by the United States (which consume almost one fifth of global oil), places Saudi Arabia sixth, behind the US, Russia, and China. Being one of the leading oil producing countries, Saudi Arabia is also a member of OPEC (Organization of the Petroleum Exporting Countries), an association whose primary goal is regulating crude oil prices worldwide and coordinating the oil production and trade of the member countries. According to OPEC, the average price for crude oil has been rising since the 1960s.

该统计数据展现了沙特阿拉伯自1987年至2022年的通货膨胀率，并对至2029年的数据进行预测。在2023年，相较于上一年，平均通货膨胀率达到了2.33%。沙特阿拉伯的石油产量情况表明，沙特经济高度依赖石油及石油产品的生产和出口。从全球各国石油储备分布来看，仅委内瑞拉在石油储备份额上超过阿拉伯国家。总的来说，沙特阿拉伯的经济状况颇佳。在过去二十年中，沙特阿拉伯的石油储备持续增长，其国内生产总值亦然。失业率保持稳定，而贸易平衡则呈现出稳步上升的趋势，尤其在2011年出现了显著增长。相应地，沙特阿拉伯的国债与国内生产总值之比在过去十年中大幅下降。沙特阿拉伯也是全球石油消费量最高的国家之一；在全球石油消费量主要消费国份额排名中，美国位居首位，其消费量几乎占全球石油消费量的五分之一，沙特阿拉伯位列第六，紧随美国、俄罗斯和中国之后。作为主要石油生产国之一，沙特阿拉伯也是石油输出国组织（Organization of the Petroleum Exporting Countries，简称OPEC）的成员，该组织的主要目标是全球原油价格的监管以及协调成员国之间的石油生产和贸易。根据OPEC的数据，原油的平均价格自1960年代以来一直在上升。