MEDIUM RISK for enterprise
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
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GDP |
|
|
Population |
|
|
Form of state | Monarchy | |
Head of government | King SALMAN bin Abdulaziz Al Saud | |
Next elections | None |
(% of total)
Exports | Rank | Imports |
---|---|---|
China
7%
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1 |
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Japan
6%
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2 |
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India
5%
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3 |
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United States
5%
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4 |
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South Korea
5%
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5 |
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(% of total)
Exports | Rank | Imports |
---|---|---|
Crude Oil
72%
|
1 |
8%
N.E.S. Products
|
Refined Petroleum Products
11%
|
2 |
8%
Cars And Cycles
|
Plastic Articles
5%
|
3 |
5%
Engines
|
Basic Organic Chemicals
3%
|
4 |
4%
Telecommunications Equipment
|
Natural Gas
2%
|
5 |
4%
Aeronautics
|
As with all GCC states, late payment is common in Saudi Arabia. In practice, the law does not regulate late payment, while late payment interest is prohibited and collection costs cannot be recovered from the debtor unless a specific agreement has been concluded by the parties. As a result, debtors will often try to negotiate discounts in exchange for prompt payment.
Low
Medium
Sensitive
High
Payments
Court proceedings
Insolvency proceedings
Payments
Court proceedings
Insolvency proceedings
01 April
The pace of vaccination campaigns will drive a multi-speed recovery, keeping divergence high.
17 February
Our estimates show that an additional point in a country’s 2020 EDI score translated to +0.25pp GDP growth in Q3 2020 y/y.
08 February
After a year of low oil prices and low demand, the hit to profitability will continue in 2021 and 2022.