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.
- Explain this, Mr. Erdogan: income of Turkey's richest 7.7 times that of poorest
- When it comes to business, introducing yourself is an art
- Why India is likely to re-emerge as the UAE's top trade partner
- What's really attracting high net worth individuals to living in the UAE?
- Forbes Middle East reveals names region's 200 most powerful women