what is the primary basis for the economy of saudi arabia
Economy of Saudi Arabia The economy of Saudi Arabia is dependent on oil and has strong government control over major economic activities. The Saudi economy is the largest in the Arab world.[13] Saudi Arabia has the world's second-largest proven petroleum reserves and the country is the largest exporter of petroleum.[14][15] It has also the fifth-largest proven natural gas reserves. Saudi Arabia is considered an "energy superpower".[16][17] It has third highest total estimated value of natural resources, valued at US$34.4 trillion in 2016.[18]