US—Ambassador Charles W. FREEMAN, Jr.; Embassy at Collector Road
M, Diplomatic Quarter, Riyadh (mailing address is P. O. Box 9041, Riyadh
11143, or APO New York 09038); telephone [966] (1) 488-3800; there are US
Consulates General in Dhahran and Jiddah (Jeddah)
_#_Flag: green with large white Arabic script (that may be translated as There is no God but God; Muhammad is the Messenger of God) above a white horizontal saber (the tip points to the hoist side); green is the traditional color of Islam
_*Economy #_Overview: The petroleum sector accounts for roughly 70% of budget revenues, 33% of GDP, and almost all export earnings. Saudi Arabia has the largest reserves of petroleum in the world, ranks as the largest exporter of petroleum, plays a leading role in OPEC, and invests substantial amounts abroad.
_#_GDP: $79 billion, per capita $4,800; real growth rate 0.5% (1989 est.)
_#_Inflation rate (consumer prices): 0% (1990 est.)
_#_Unemployment rate: 0% (1989 est.)
_#_Budget: revenues $31.5 billion; expenditures $38.2 billion, including capital expenditures of $6.9 billion (1990)
_#_Exports: $28.3 billion (f.o.b., 1989 est.);
commodities—petroleum and petroleum products 85%;
partners—US 22%, Japan 20%, Singapore 7%, France 5%