Saudi Arabia's 2014 budget
Macroeconomic ReportAnother expansionary budget was announced for 2014. The budget highlights the government's intention to continue to stimulate the economy. Budgeted spending and revenues were both at all-time highs. Spending priorities are consistent with previous years.
Macroeconomic Update – August 2021: (The Saudi economy: on a very firm footing)
Macroeconomic ReportBoth actual and flash estimates of the Kingdoms GDP published by the General Authority for Statistics (GaStat) have shown strong non-oil sector growth in H1 2021. This combined with our expectation of continued growth in H2, has led us to upgrade our full year 2021 GDP forecast.
Inflation Update – June 2021 (Inflationary pressures ahead)
Macroeconomic ReportThe latest General Authority for Statistics (GaStat) June inflation release shows that prices rose by 6.2 percent year-on-year and by 0.2 percent month-on-month.
Saudi Labor Market Update – Q1 2021
Macroeconomic ReportThe General Authority for Statistics (GaStat) latest labor market release shows that unemployment declined to 11.7 percent in Q1 2021, down from 12.6 percent in Q4 2020, marking the lowest rate since 2016.
