Saudi Arabian GDP posts massive 31 per cent increase
Saudi Arabia’s gross domestic product at current prices (including import duties) recorded a rise of 31 percent to SR 2.24 trillion ($7 billion) in 2011, according to the 48th annual report of Saudi Arabian Monetary Agency, which was released yesterday.
Finance Minister Dr. Ibrahim Al-Assaf presented a copy of the report to Custodian of the Two Holy Mosques King Abdullah. The oil sector GDP rose by 47.7 percent to SR 1.28 trillion in 2011, the report said.
- Saudis' income bubble may burst: but for now personal earnings soar
- During 2000-04, Qatar’s nominal GDP is estimated to have grown at a CAGR of 12.5%
- Saudi GDP to reach $185 billion in fiscal year 2002
- Mixed signals: why Kuwait's GDP might just decrease in 2014
- Saudi real GDP to increase by 4.4% this year