Riyadh - SPA
SAMA Governor announced that the Saudi GDP has grown by 3.8% in 2013 as compared by
2.9% growth of the global economy. The private sector has grown by 5.5%. Saudi Arabia
realized SR 180.3 billion budget surplus that represents 6.5% of the GDP. Public debt
fell 2.7% of the GDP. The balance of payment current account achieved surplus worth SR
486.8 billion. Inflation rate increased to 3.5 % from 2.9%. However, according to the
latest data inflation dropped to 2.8% as compared to 6.2% in emerging and developing
economies.
Last Modified Date: 17/03/2014 - 7:51 AM Saudi Arabia Time