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.
Healthy second quarter economic growth
Macroeconomic reportQuarterly economic growth data has been published for the first time in the Kingdom. It shows that the economy grew by 15.2 percent year-on-year in nominal terms in the second quarter of 2010. Growth in the non-oil private sector was 6.2 percent.
The Saudi Economy’s Golden Era: Phase Two
Macroeconomic reportThe growth driver of Saudi Arabias four-year-old boom is shifting from rising oil revenues to private sector activity, marking a new phase in a period of sustained high growth in the Saudi economy. Over the years to 2010, spending will pick up, cutting fiscal and trade surpluses, but inflation will remain relatively low. The positive macroeconomic backdrop should result in steady gains in share prices.
Royal decrees, regional unrest and the Saudi economy
Macroeconomic reportThe Middle East is going through a period of turmoil that is affecting the economies of all countries in the region, regardless of whether they have touched by unrest. In response, oil prices have shot up and foreign investors have become more cautious. At the same time, two royal decrees have been issued in the Kingdom that entail large new spending commitments.
The Saudi economy in 2011
Macroeconomic reportThe Saudi economy is expected to strengthen in 2011. Economic growth will rise, financial conditions will get better, inflation will be contained and the budget will remain in surplus.
