Compute GDP of Saudi Arabia Assesment

1
Exercise 1
a) Compute GDP of Saudi Arabia as the percentage of GDP of the whole
world for the last 30 years. Present your analysis as a graph.
Data Source: File “All countries and regions/subregions (totals) for all years - sorted by region/subregion
“website:https://unstats.un.org/unsd/snaama/downloads
b) Compute population of Saudi Arabia as the percentage of the population
of the whole world for the last 30 years. Present your analysis as a graph.
0.30%
0.40%
0.50%
0.60%
0.70%
0.80%
0.90%
1.00%
1.10%
0.46%
0.51%
0.55%
0.48%
0.46%
0.52%
0.47%
0.49%
0.56% 0.55%
0.59%
0.69%
0.72%
0.81%
0.71%
0.80%
0.91%
0.98% 0.95%
0.87% 0.85%
0.91%
Saudi Arabia % Whole World GDP

2
Data Source: File “All countries and regions/subregions (totals) for all years - sorted by region/subregion
“website:https://unstats.un.org/unsd/snaama/downloads
c) Analyze the graphs you derived in (a) and (b): is there anything
interesting that you see?
An interesting trend with regards to Saudi GDP as a percentage of World GDP
is that there has been a significant increase as it has almost doubled from
0.46% in 1989 to a peak of 0.98% in 2012. This may be attributed to GDP
growth in Saudi Arabia being more than the global GDP growth. Further
considering the fluctuation in GDP percentage and the composition of the
Saudi economy, it is evident that oil prices play a key role in determining
Saudi GDP as a percentage of World GDP. This is particularly evident from the
falling share in the recent years owing to lowering of the crude prices.
Assistance towards rising GDP share of Saudi Arabia also seems to be
attributed to higher growth in population as compared to corresponding
global growth. This potentially would lead to higher consumption based
expenditure by the people. Further, the rising share of Saudi population in
global population also seems to be reflective of the higher population growth
rate prevalent in Saudi Arabia which is not surprising considering that it is a
Muslim state.
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
0.25%
0.30%
0.35%
0.40%
0.45%
0.50%
0.28%
0.31%
0.32%0.32% 0.33% 0.34%
0.35%
0.36%
0.37%
0.39%
0.40%
0.41%
0.43%
0.43% 0.44%
Saudi Arabia % Whole World Population