Welcome to the price transmission page for Saudi Arabia. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.
Historic Warnings per Commodity
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The economy of the Kingdom of Saudi Arabia is oil-based, controlling the world’s second largest oil and the sixth largest gas reserves. It ranks as the largest exporter of petroleum, contributing to around 90% of export revenues and almost half of GDP. In view of low global oil prices, the government sees to expand its economic base and to occupy more Saudi nationals since approximately more than three-quarter of the labor force is non-national.
More than three-quarter of the mostly sandy desert country is used for permanent pasture, in contrast arable land for wheat, barley, tomatoes, melons, dates and citrus makes up only a minor share of 1.5%. With a growing awareness of mismanagement of its water resources in the past, Saudi Arabia is increasingly focusing on crops requiring less water. Livestock farming of mutton or chickens complement the famer’s income. Overall, agriculture makes up roughly 2% of GDP and employs less than 7% of the labor force. In view of the overall low agricultural output, almost 90% of the demand for cereals needs to be imported.
Unemployment among nationals and a large share of uneducated youth lacking technical skills are two major topics in the Saudi Arabia. The Arab country received a score of 0.837 in the HDI (2015), ranking in the high human development category. Saudi Arabia is considered as the birthplace of Islam, which is also reflected in the high share of Muslims in the population. With no access to a river and consequently sweet water, Saudi Arabia relies on desalinated water production. It ranks as a food secure country as long as the international markets provide enough food to import.