The following are international rankings of Saudi Arabia.
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According to ARWU [6]
1 King Abdulaziz University 101-150 2 King Saud University 151-200 3 King Abdullah University of Science and Technology 201-300 4 King Fahd University of Petroleum & Minerals 401-500
| | This section is empty. You can help by adding to it. (July 2010) |
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| Organization | Survey | Ranking |
|---|---|---|
| Institute for Economics and Peace | Global Peace Index [30] | 104 out of 144 |
| The Heritage Foundation/ The Wall Street Journal | Index of Economic Freedom [31] | 65 out of 179 |
| The Economist | Quality-of-life index [32] | 72 out of 111 |
| The Economist | Democracy Index | 161 out of 167 |
| Reporters Without Borders | Worldwide Press Freedom Index | 163 out of 175 |
| Transparency International | Corruption Perceptions Index | 63 out of 163 |
| United Nations Development Programme | Human Development Index | 59 out of 182 |
| A.T. Kearney/Foreign Policy Magazine | Globalization Index [33] | 68 out of 122 |
| Fund for Peace | Failed States Index | 89 out of 177 |
| Simon Anholt | Nation branding | 47 out of 49 |
Saudi Arabia is the fourth largest state in the Arab world, with a reported population of 32,175,224 as of 2022. 41.6% of inhabitants are immigrants. Saudi Arabia has experienced a population explosion in the last 40 years, and continues to grow at a rate of 1.62% per year.
The economy of Bahrain is heavily dependent upon oil and gas. The Bahraini Dinar is the second-highest-valued currency unit in the world. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama is home to many large financial structures. Bahrain's finance industry is very successful. In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centres Index. Bahrain's banking and financial services sector, particularly Islamic banking, have benefited from the regional boom driven by demand for oil. Petroleum is Bahrain's most exported product, accounting for 60% of export receipts, 70% of government revenues, and 11% of GDP. Aluminium is the second most exported product, followed by finance and construction materials.
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. It covers the bulk of the Arabian Peninsula and has a land area of about 2150000 km2, making it the fifth-largest country in Asia and the largest in the Middle East. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to the south. Bahrain is an island country off its east coast. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt and Israel. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of its terrain consists of arid desert, lowland, steppe, and mountains. Saudi Arabia's capital and largest city is Riyadh; the kingdom is also the location of Islam's two holiest cities of Mecca and Medina.
The economy of the Middle East is very diverse, with national economies ranging from hydrocarbon-exporting rentiers to centralized socialist economies and free-market economies. The region is best known for oil production and export, which significantly impacts the entire region through the wealth it generates and through labor utilization. In recent years, many of the countries in the region have undertaken efforts to diversify their economies.
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EnergyinSaudi Arabia involves petroleum and natural gas production, consumption, and exports, and electricity production. Saudi Arabia is the world's leading oil producer and exporter. Saudi Arabia's economy is petroleum-based; oil accounts for 90% of the country's exports and nearly 75% of government revenue. The oil industry produces about 45% of Saudi Arabia's gross domestic product, against 40% from the private sector. Saudi Arabia has per capita GDP of $20,700. The economy is still very dependent on oil despite diversification, in particular in the petrochemical sector.
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This article covers the best practices and needs for reform in entrepreneurship policies in Saudi Arabia.
