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English: This chart shows the nominal price of gold along with the price in 1971 and 2011 dollars (adjusted based on the consumer price index). The historical gold price was obtained from www.igolder.com; CPI was obtained from www.rateinflation.com. The data is in section Chart Data.
As of 2024, Saudi Arabia's GDP per capita has surpassed all other GCC countries except Qatar and the United Arab Emirates. Saudi Arabia's GDP per capita is estimated to be approximately $33,040 in nominal terms, ranking it 35th globally, and $70,333 in purchasing power parity (PPP) terms, ranking it as the 15th highest in the world [[18]]
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On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. [1] The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. [1]
Because of this, Saudi Arabia has experienced a population explosion in the last 40 years, [9] and continues to grow at a rate of 1.63% per year. [8] Saudi Arabia's population growth continues to be 0.295% higher than population growth rates in the Middle East and North Africa. [28]
Saudi Arabia performed public executions until recently, but it is unclear if this practice continues. In 2022, no public executions were recorded; [20] as of 2024, despite the increased number of executions, Deera Square - the former site of public beheadings - had become "dominated by cafes and restaurants with almost no sign of its bloody past".
This is a list of internet service providers in Saudi Arabia. Internet in Saudi Arabia is provided by several service providers: the Saudi Telecom, the CITC, ...
When Abdullah became King, he began to modernize Saudi Arabia. He allowed women the right to vote and to work in government positions. [20] Abdullah also created the Allegiance Council, a body that is composed of the sons and grandsons of Saudi Arabia's founder, King Abdulaziz, to vote by a secret ballot to choose future kings and crown princes.