Kingdom of Saudi Arabia is a country in West Asia that occupies the bulk of the Arabian Peninsula. With GDP at over $1.1 trillion nominally, and more than $2.3 trillion by purchasing power parity, Saudi Arabia has the second largest economy in the Middle East, the largest in the Arab world, and the 18th largest in the world as of 2026. It has the world's second-largest proven reserves of petroleum, of which it is third largest producer and the largest exporter; the country also has the sixth-largest proven natural gas reserves. Saudi Arabia has the third highest total estimated value of natural resources, valued at US$34.4 trillion in 2016.
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