The strength and resilience of the Saudi economy, along with the flourishing development indicators and the regional and international influence of the Kingdom of Saudi Arabia, led to its inclusion in the G20 in 2008. The Kingdom also plays a leading role in supplying the world with energy and maintaining the stability of oil markets. Additionally, the decline in domestic public debt, the gross domestic product (GDP) per capita growth, and the structural and administrative policies and reforms in the Kingdom have elevated its credit rating.
These factors have positioned the Kingdom among the world's top twenty economies, making it a member of the group that represents the world's largest economies. This group accounts for about 80 percent of global economic output, two-thirds of the world's population, and three-quarters of global trade volume. The Kingdom's presence in the G20 places it among the global economic decision-makers, involved in drafting regulations and standards. This membership enhances confidence in its market, industries, and exports, facilitates its trade transactions, and supports its efforts to become a link between three continents and a global investment hub.
Among the positive outcomes of the Kingdom's membership in this group is the provision of regular communication channels with global financial and economic policymakers, which enhances bilateral cooperation with major countries worldwide.
The expansion of the Saudi economic influence in the region has contributed to the Kingdom's classification among the world's emerging economies, alongside countries such as China and India. This classification highlights the Kingdom's significant economic weight in the Arabian Gulf, the Middle East, and Arab countries.
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