Saudi Arabian GDP posts massive 31 per cent increase

Saudi Arabian GDP posts massive 31 per cent increase
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Published February 20th, 2013 - 12:52 GMT via SyndiGate.info

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Saudi Arabia’s gross domestic product grew by 31 per cent in 2011, according to a new report
Saudi Arabia’s gross domestic product grew by 31 per cent in 2011, according to a new report
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Ibrahim Al-Assaf
,
Saudi Arabian Monetary Agency

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.

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