Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
Strong economic growth in the first half
Macroeconomic reportNew data show that economic growth in the first half of the year was strong, at 26.1 percent year-on-year in nominal terms, with oil by far the fastest growing sector, at 39.5 percent. Non-oil growth was 12.9 percent, with the non-oil private sector growing by 8.4 percent.
Economic projections for 2011 revised up
Macroeconomic reportWe have revised some of our 2011 forecasts to take account of a recent flow of data that has generally been stronger than we had anticipated. Although risks to our outlook are on the downside for the remainder of the year given the uncertainty over events in the Eurozone, 2011 will be a year of strong performance for the Saudi economy.
