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FINANCIAL NEWS
KSA GDP growth hits 3.8 percent in 2013
17 Mar 2014
(MENAFN) The governor of Saudi Arabian Monetary Authority (central bank) said that the gross domestic product (GDP) in Saudi Arabia grew 3.8 percent last year, The Peninsula Qatar reported.
The International Monetary Fund (IMF) expected that the country”s economic growth to slow down to 4.4 percent in 2013, from 6.8 percent the year before it.
The governor said that the budget surplus in the year hit USD48 billion, representing 6.5 percent of the GDP. The budget surplus came at USD102.9 billion in 2012.
The current account surplus hit USD130 billion, or 17.4 percent of the GDP. Inflation increased to 3.5 percent from 2.9 percent in 2012.
Public debt fell to 2.7 percent of GDP, or USD20 billion or 2.7 percent of GDP.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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