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FINANCIAL NEWS
Saudi nominal GDP to hit USD751.6b in 2013
02 May 2013
(MENAFN) Jadwa Investments stated that the economy of Saudi Arabia is projected to increase by USD24.3 billion in current prices in 2013, driven by strong oil prices and higher spending, reported Emirates 24/7.
The Riyadh-based firm added that the Kingdom’s nominal gross domestic product (GDP) is projected to hit USD751.6 billion this year, from USD727.3 billion in 2012.
It said that the growth would boost GDP per capita to USD6,645 from last year’s USD6,627, even though the country’s population is expected to increase by nearly 900,000 to 30.2 million.
It is worth noting that the country’s actual surplus is projected to grow to around USD47.45 billion, boosted by higher oil prices, while actual revenue is expected to hit USD279.15 billion and spending to increase to USD231.95 billion.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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