Energy in Saudi Arabia
Energy in Saudi Arabia describes petroleum production, consumption and export, but also natural gas and electricity production. "Saudi Arabia is the world's top oil exporter and producer.
Saudi Arabia's economy is petroleum-based; Oil actually accounts for 90% of the country's exports and nearly 75% government revenues".
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 in spite of a diversification effort, in particular in the petrochemical sector.