What percentage of Saudi Arabia is middle class?

Class 1 was termed “affluent” and included 11.01% of Governorates, class 2 “upper middle class” (44.91%), class 3 “lower middle class” (33.05%) and class 4 “deprived” (11.01%). The populated urbanised Governorates were found to be the most affluent whereas the smaller rural Governorates were the most deprived.

What percentage of Saudi is middle class?

The LCA found a 4 class model as the best model fit. Class 1 was termed "affluent" and included 11.01% of Governorates, class 2 "upper middle class" (44.91%), class 3 "lower middle class" (33.05%) and class 4 "deprived" (11.01%).

What is the social class of Saudi Arabia?

Most Saudi nationals generally belong to the middle or upper classes. Members of the elite class are often distinguishable by conspicuous displays of wealth (such as owning luxury cars) or by their family name. They may be more religious, educated, wealthy or hold positions of power in industries such as oil.

How wealthy is the average Saudi?

Wealth Per Capita (2022): $90,975

Saudi Arabia had a total wealth of $2.26 trillion in 2022. Since 2012, Saudi Arabia's total wealth has increased by 80.80%.

What is Saudi Arabia's poverty rate?

Poverty in most GCC countries has declined since 2010; 528,000 GCC citizens have been lifted from poverty. In Saudi Arabia alone, poverty fell from 18.23 per cent in 2010 to 13.56 per cent in 2021, accounting for the bulk of poverty reduction in the GCC region.

Why 82% of Saudi Arabians Just Live in These Lines

Is there a middle class in Saudi Arabia?

Traditionally, Saudi society was divided into distinct socio-economic groups including upper, basic, and peripheral class (Alnuaim, 2013). However, ongoing economic reforms and diversification efforts have contributed to the expansion of the middle class.

Is Saudi richer than USA?

On size of economy not even close, the USA produces probably 15 times what KSA does in GDP.

What is the average income of a family in Saudi Arabia?

The average household earnings in Saudi Arabia was approximately 14.9 thousand Saudi riyal per month in the Eastern Region in 2018. In comparison, the average household monthly income in Najran was approximately 8.7 thousand Saudi riyal in 2018.

How many people in Saudi Arabia are millionaires?

The Global Wealth Report indicated that the number of dollar millionaires in the Kingdom grew by 8 percent, reaching 354,000 in 2022, up from 325,000 millionaires the previous year. This development shows Saudi Arabia's growing economic strength and its emergence as a significant player in the global wealth landscape.

How many non Saudis live in Saudi Arabia?

More than 40 percent of Saudi Arabia's population is made up of foreign nationals, according to the Saudi Census 2022 organised by the kingdom's General Authority for Statistics. The Saudi Arabian population stands at 32.2 million with 18.8 million Saudi nations and 13.4 million foreigners - which make up 41.6 percent.

What is the standard of life in Saudi Arabia?

The standard of living is high in Saudi Arabia, as the cost of living is low. It is very common for expats to enlist the services of drivers, maids, nannies, and gardeners. While these things depend on your preferences, many expats enjoy a good lifestyle.

How is social life in Saudi Arabia?

Families. Being part of a reserved, family-oriented society, Saudis tend to prefer to do business with, socialize with, and communicate with family members rather than outsiders, be they foreigners, or Saudis from other clans.

What is the average salary in Saudi Arabia?

What is the average income for expats in Saudi Arabia? The average income for expats in Saudi Arabia varies depending on the expat's job and level of experience. According to the Saudi Arabian Monetary Agency, the average monthly salary for expats is around 11,000 SAR (3,000 USD) per month.

Which country has the richest middle class?

However, since 2019 Canada has the wealthiest middle class of any country in the world. The most common figure used by researchers and economics professors when comparing middle-class economies across different countries is median annual income, standardized to U.S. dollars.

How much salary is enough to live in Saudi Arabia?

A salary of 45,000 SAR (Saudi Riyals) per month with benefits such as housing, a company car, private health insurance, and an annual return ticket for you and your family is generally considered a very good package in Riyadh, Saudi Arabia.

What is the best salary to live in Saudi Arabia?

Wages and salary in Saudi Arabia

Most monthly incomes fall in the range of SAR 8,000 and 15,000, but director-level positions can pay closer to SAR 50,000. For more information, browse by sector and job title on GulfTalent.

Does it cost a lot to live in Saudi Arabia?

Saudi Arabia has a lower cost of living than many other Middle Eastern destinations. Most expats enjoy a luxurious lifestyle, especially if their employment package includes housing, transport and education allowances. Compound accommodation is expensive and international school fees are high.

What's the wealthiest country in the world?

Luxembourg, whose financial sector makes up 25% of its GDP, is the world's richest country by GDP per capita.

How many Americans live in Saudi Arabia?

There is a sizable community of around 80,000 Americans living in Saudi Arabia, one of the largest populations of American nationals in the Arab world. Most work in the oil industry and in the construction and financial sectors.

Why are the Saudi family so rich?

Since the discovery of oil in the 1930s, the wealth of the Saudi royal family has been anchored in oil revenues. This liquid gold has fueled their fortunes, channelled primarily through Saudi Aramco, the world's largest state-controlled oil company.

Do Saudi citizens get money from government?

Welfare and Social Support: The government aims to improve the overall well-being of its citizens by providing financial support to those in need. This includes various welfare programs, subsidies, and cash transfers to help low-income families and individuals.