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Finances of Saudi Arabia

The monthly minimum wage in Saudi Arabia is not regulated by the government. Saudi Arabia has a public debt of 12.9% of the country's gross domestic product (GDP), as determined in 2012. Based on consumer prices, the inflation rate in Saudi Arabia is 3.7%. The currency of Saudi Arabia is the Saudi Riyal. The plural form of the word Saudi Riyal is Riyals. The symbol used for this currency is ر.س and is abbreviated as SAR. The Saudi Riyal is divided into Halala; There are 100 in one rial. Every year, consumers spend around $222,210 million. The ratio of consumer spending to GDP in Saudi Arabia is 0.03%, and the ratio of consumer spending to the world consumer market is 52%. Corporate tax in Saudi Arabia is 0%. VAT in Saudi Arabia is 0%.

Gross domestic product
The total gross domestic product (GDP), calculated as purchasing power parity (PPP), in Saudi Arabia is $1,609,628 billion. The gross domestic product (GDP) in Saudi Arabia, calculated as purchasing power parity (PPP) per capita, was most recently at $47,970,780. The PPP in Saudi Arabia is considered very good compared to other countries. A very good PPP indicates that citizens in this country find it easy to buy local goods. Local goods may include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good purchasing power parities are safe locations for investments. The total gross domestic product (GDP) in Saudi Arabia is 748,450 billion. Based on these statistics, Saudi Arabia is considered a large economy. Countries with large economies support a variety of industries and businesses and offer numerous investment opportunities. Large economies have extensive financial sectors that facilitate the organization of investments and financial transactions. It should be very easy to find good investment opportunities in Saudi Arabia. The gross domestic product (GDP) per capita in Saudi Arabia was most recently at $22,305,607. The average citizen in Saudi Arabia has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. There are highly skilled workers in many industries, and labor is very expensive in these countries. Very wealthy countries offer opportunities for safe investments as they are often supported by a diverse and thriving financial sector. The annual GDP growth rate in Saudi Arabia averaged 3.6% in 2014. According to this percentage, Saudi Arabia is currently experiencing modest growth. Countries with modest growth offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will grow accordingly.