17 staggering facts about Saudi Arabia

August 2024 · 9 minute read

The Saudi Arabia-led oil cartel, OPEC, decided to maintain production earlier this month, but remained divided over its production ceiling and failed to reach an agreement.

And that could mean dark times ahead for about half of the cartel's members.

But Saudi Arabia is also looking at its own set of problems, as budget pressures continue to worsen and rumors of internal political divisions continue to proliferate.

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A Muslim pilgrim uses a selfie stick to take pictures atop Mount Thor in the holy city of Mecca ahead of the annual haj pilgrimage September 19, 2015. Mount Thor marks the start of the journey of the Prophet Mohammad and his companion Abu Bakr Al-Sadeeq from Mecca to Medina. It houses Thor cave where Prophet Mohammed is believed to have hid from the people of Quraish before his Hijra (migration) to Medina. Reuters/Ahmad Masood

As such, it's worth taking a closer look at the economic, demographic, and cultural factors that drive the oil-rich kingdom.

Check them out below:

About 100 camels are sold in the capital of Saudi Arabia every day.

Flickr / uscgpress

The capital, Riyadh, has a large camel market.

Source: Random History

On average, one person has been executed every other day in Saudi Arabia in 2015.

A Saudi prince holds a sword to participate in a traditional Saudi dance known as "Arda" during the Janadriya culture festival at Der'iya in Riyadh, February 18, 2014. Reuters/Fayez Nureldine/Pool

"At least 151 people have been put to death in Saudi Arabia so far this year — the highest recorded figure since 1995 — in an unprecedented wave of executions marking a grim new milestone in the Saudi Arabian authorities' use of the death penalty," according to Amnesty International.

"Annual execution tolls for Saudi Arabia in recent years have rarely exceeded 90 for the entire year," they added.

Source: Ahram Online

The kingdom's Ghawar oil field has enough reserves to fill 4,770,897 Olympic swimming pools.

The Ghawar oil field. Saudi Aramco

The kingdom's oil reserves are huge. Saudi Arabia's Ghawar field is the largest in the world. It has an estimated 75 billion barrels of oil left.

An Olympic-size swimming pool can hold 660,253.09 gallons of liquid.

Source: US Energy Information Administration

Saudi Arabia is the largest country in the world without a river.

A man leads his camels during the Mazayen al-Ibl competition, to find the most beautiful camel, in the desert region of Um Rgheiba, 400 km (248 miles) from Riyadh, December 30, 2010. Reuters/Fahad Shadeed

Saudi Arabia is the 13th-largest country in the world, and the second-largest in the Arab world — behind Algeria — at 830,000 square miles.

Ninety-five percent of the country is considered a desert or semidesert, and it has some of the largest desert areas, including An Nafud and Rub al-Khali. Only 1.45% of the land is arable.

And while it doesn't have a river, its "extensive coastlines on the Persian Gulf and Red Sea provide great leverage on shipping (especially crude oil) through the Persian Gulf and Suez Canal," according to the CIA World Factbook.

Source: CIA World Factbook

Saudi Arabia is the only country where women are forbidden to drive.

A female driver displays a note, which, according to her, was placed on her car by an unknown person, in Saudi Arabia. Reuters/Fahad Shadeed

"The conservative Islamic state has no written ban on women driving, but Saudi law requires citizens to use a locally issued license while in the country. Such licenses are not issued to women, making it effectively illegal for them to drive," according to Reuters.

Source: Reuters

Saudi Arabia's population is slightly bigger than Texas', but Texas' GDP is nearly twice as large.

Business Insider/Andy Kiersz, data from CIA World Factbook and US Census Bureau

Saudi Arabia's population was around 28.8 million in 2013, which is slightly above that of Texas' 26.5 million. But Saudi Arabia's GDP in 2013 was around $750 billion, while Texas' was approximately twice that amount, at $1.4 trillion.

Plus, Saudi Arabia has the 19th-largest GDP — but if Texas were its own country, it would have the 13th-largest GDP, just below Australia and right above Spain.

Overall, this suggests that Texas is more productive than Saudi Arabia.

Sources: Business InsiderWorld Bank

Saudi Arabia's petroleum sector makes up 45% of GDP, which makes it bigger than the total GDPs of Iraq, Morocco, Rwanda, and Tonga combined.

Saudi Arabian Oil Minister Ali al-Naimi. REUTERS/Jassim Mohammed

Saudi Arabia's petroleum sector puts it at around $335.372 billion.

Iraq's GDP is $222.879 billion, Morocco's is $104.4 billion, Rwanda's is $7.451 billion, and Tonga's is $466 million.

Sources: CIA Factbook, HSBC

Saudi Arabia is erecting the world's tallest building, which will be 1 kilometer tall — taller than 492 LeBron Jameses standing on top of one another.

Smith Gill

Saudi Arabia officially got the green light to build the world's tallest building, the Jeddah Tower — aka the Kingdom Tower. It's expected to reach 3,280 feet, or 1 kilometer.

But Iraq has plans to upstage the Saudis, as it wants to build and even taller tower called The Bride, which will eclipse the Jeddah Tower by 500 feet.

LeBron James stands at 6-foot-8, or 2.03 meters.

Source: CNN

The expected cost of the Kingdom Tower's construction is 19.2 times as much as the amount Taylor Swift made last year.

Proposed balcony design for the Jeddah Tower Wikimedia

The Kingdom Tower is expected to cost $1.23 billion.

Taylor Swift reportedly raked in $64 million in 2014.

Source: The Huffington Post

The zig-zag-shaped border between Saudi Arabia and Jordan is rumored to be a byproduct of Winston Churchill's love of boozy lunches.

Winston's Hiccup, aka Churchill's Sneeze. Wikimedia

Jordan and Saudi Arabia share an oddly shaped border that's referred to as Winston's Hiccup or Churchill's Sneeze.

Rumor has it that Winston Churchill drew that boundary "with a stroke of a pen, one Sunday afternoon in Cairo" following "a particularly liquid lunch."

Source: The New York Times

Almost 60% of the labor force in Saudi Arabia is foreign.

An Indian labourer looks at the construction site of a building in Riyadh November 16, 2014. India is pressing rich countries in the Gulf to raise the wages of millions of Indians working there, in a drive that could secure it billions of dollars in fresh income but risks pricing some of its citizens out of the market. Picture taken November 16. Reuters/Faisal Al Nasser

There's been some structural improvement in the kingdom's labor force, but ultimately it remains heavily reliant on foreign labor. "Saudi nationals continue to work largely in the public sector with little incentive to join the private sector or to improve productivity," writes HSBC's Razan Nasser.

Notably, most of the people who work in the oil and service sectors in Saudi Arabia are foreigners.

This made for some complicated times when the burial of non-Muslims was strictly forbidden on Saudi soil, until regulations were marginally eased in 2012.

Sources: HSBC and CIA Factbook

Saudi Arabia's female labor-force participation rate was roughly 20%, the eighth-lowest in the world.

Saudi women "no longer ... have to endure watching male shop assistants trying to size them up for underwear by sight through their voluminous, Islamically-approved robes." Reuters/Susan Baaghil

By comparison, the US's female labor-force participation rate is around 47%, Germany's is around 54%, and Japan's is at 49%.

Bill Gates criticized Saudi Arabia's female employment at the World Economic Forum in 2007. When one person asked him if Saudi Arabia might become a major, competitive economy by 2010, Gates responded, "Well, if you're not fully utilizing half the talent in the country, you're not going to get close to the top."

In 2012, women were finally allowed to work in places like lingerie shops. Before that, women faced some extremely uncomfortable times shopping with male salesmen.

Sources: HSBC, The Washington Post, World Bank, Telegraph

The kingdom's population is 47% under 24 and 5% over 60.

A man sand skis in the desert near Tabuk. Reuters/Mohamed Alhwaity

Saudi Arabia's young demographic really stands out against the backdrop of major economies with aging populations such as Japan.

"Saudi Arabia's young and growing population has hard-wired strong consumption growth in the Kingdom for decades to come," writes HSBC's Nasser. "However, in the long term, meeting the demands of this growing population will become more of a challenge."

Sources: CIA Factbook and HSBC

Saudi Arabia's growth has been fueled by increased resources, NOT by increased productivity.

HSBC

HSBC's chart to the right suggests that Saudi Arabia's recent growth is largely attributed to increased resources, rather than increased productivity or labor.

Source: HSBC

Saudi Arabia is building six "economic cities" that are expected to add an amount 3.5 times as large as Kenya's total GDP to Saudi Arabia's GDP.

AP Photo / Khalid Mahmoud

In an effort to diversify its economy — instead of only having a huge oil sector — Saudi Arabia is building "six economic cities" that are expected to add $150 billion to the country's GDP.

The cities are spread around the country and are expected to add 1.3 million jobs and raise the GDP per capita from $13,000 to $33,500.

Kenya's GDP is $44.1 billion.

Source: OECD

Saudi Arabia's annual military expenditure is four times as much as the GDP of Afghanistan.

Members of Saudi special forces march during a graduation ceremony held in Riyadh May 19, 2015. Reuters/Faisal Al Nasser

Saudi Arabia's military expenditure increased to $80.8 billion in 2014, up from 2013's $67 billion, which puts them in fourth place for military expenditure, behind the US, China, and Russia.

But it's notable that Saudi Arabia's military expenditure is 10.4% of its GDP — which is huge. Most countries are around 2% to 4%, with the US around 3.5%.

Afghanistan's GDP was $20.7 billion in 2013.

Source: Stockholm International Peace Research Institute

Massive oil revenues enabled Saudi Arabia to get away with inefficient spending. But with lower oil prices, it's becoming apparent that this model isn't sustainable.

HSBC

"The boom in oil prices over the past decade has brought with it large fiscal revenue growth that has allowed for a massive ramp-up in expenditure providing little incentive for fiscal discipline," according to HSBC's Nasser. "This has been very expensive and has not always been directed effectively... often providing for inefficient consumption."

"Such spending habits, along with the inability to generate non-oil revenue, have led to higher dependency on oil. Hence, the drop in oil prices has had a transformative impact on Saudi Arabia's as well as the entire GCC..." he added.

Consequently, Saudi Arabia has had to tap into its resources following the price drop, which has been a not-terrible strategy so far.

Source: HSBC

And now take a look at another oil powerhouse:

Gun dealer Tom Mannewitz displays several United States-made assault-style rifles inside his Dallas, Texas gun shop, September 13, 2004. A 1994 law passed by Congress that outlawed the making and importing of certain military-style semiautomatic assault weapons and the manufacture of ammunition magazines containing more than 10 rounds is set to expire at midnight. Dallas gun dealers report more calls from the media concerning the weapons ban than by gun enthusiasts trying to purchase the weapons. REUTERS/Jeff Mitchell

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