to download the complete report - GulfBase.com
to download the complete report - GulfBase.com
to download the complete report - GulfBase.com
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Economic Overview<br />
Demography<br />
Kingdom’s Demographic S<strong>to</strong>ry<br />
» Saudi Arabia with an estimated population of 24.7mn in 2008, has one of <strong>the</strong> fastest population growth<br />
rate amongst <strong>the</strong> Arab countries.<br />
» The Kingdom’s population recorded a 5-year CAGR (2002-07) of 2.2%.<br />
» An annual growth rate of 4.1% during 1975-2004 is estimated <strong>to</strong> drop <strong>to</strong> 2.3% in <strong>the</strong> period of 2004-<br />
2015. However, it is still going <strong>to</strong> be higher than <strong>the</strong> forecasted growth of 2.0% in o<strong>the</strong>r Arab countries<br />
and 1.3% in developing countries.<br />
» The population in Saudi Arabia <strong>com</strong>prises of 72.9% Saudis, and 27.1% non-Saudis.<br />
Population Statistics<br />
(mn) 2001 2002 2003 2004 2005 2006 2007 2008E<br />
Saudi Population 15.2 15.6 16.1 16.4 16.8 17.3 17.5 17.9<br />
Non-Saudi Population 5.7 5.8 5.9 6.1 6.2 6.4 6.5 6.8<br />
Total Population 20.9 21.4 22.0 22.5 23.1 23.7 24.0 24.7<br />
Total Employed 6.2 6.3 6.6 7.2 7.4 7.5 7.7 7.8<br />
Source: Central Department of Statistics, & Ministry of Economy & Planning<br />
Global Investment House<br />
10 Saudi Arabia Economic Overview - January 2009
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