Muhanna bin Abdulkarim Al-Muhanna

Muhanna bin Abdulkarim Al-Muhanna latest

Share of the oil sector to the Kingdom’s GDP dropped from 29.5 percent to 22.2 percent in the two periods, which is a good indication that the Saudi economy has been increasingly supported by the private and nonoil sectors.

September 24th, 2013 - 09:28 GMT

Say what? Saudi's GDP reached SR 2.66 trillion in 2012

Saudi Arabia's GDP registered a record growth in the last five years to reach SR2.66 trillion ($580 billion) in 2012 compared to SR1.95 trillion in 2008, according to a government report.