Sociology, asked by khannaamit99, 1 year ago

why is economy of saudia arabia

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Answered by anupriya99
0
economy of saudia Arabia is dependent on oil and has strong gov. control over major economic activities

sagar310: hlww ji
Answered by Anonymous
2

Answer:

The economy of Saudi Arabia is heavily dependent on oil, and is a member of OPEC. In 2016 the Saudi Government launched its Saudi Vision 2030 to reduce the country's dependency on oil and diversify its economic resources. In the first quarter of 2019, Saudi Arabia's budget has accomplished its first surplus since 2014.

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