Oil and non-oil export and its impact on economic performance in Saudi Arabia

Abstract

Oil and non-oil export played essential role in economic activity in Saudi Arabia with amount average of 841816.0 and 162654.6 Saudi riyal respectively in the period 2005-2019. This study investigates from an empirical point of view the impact of oil and non-oil export on economic performance in Saudi Arabia during the period 2005-2019. Data were collected from General Authority for Statistics in Kingdom of Saudi Arabia. Ordinary least square method has been applied to estimate linear and non-linear form of the study models. The obtained results showed that oil export and non-oil export have positive impact on economic performance in Saudi Arabia during period of the study.