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FINANCIAL NEWS
Saudi private sector’s contribution to GDP to hit 58.7 percent in 2014
24 Dec 2013
(MENAFN) The Saudi Finance Ministry said the contribution of the Saudi private sector to the gross domestic product (GDP) is expected to go over 58.75 percent this year, Arab News reported.
The Kingdom’s GDP is expected to grow by 3.8 percent in 2013, following a 5.5 percent increase in the year before.
The oil sector is expected to drop by 0.61 percent, while the government sector to grow 3.73 percent and the private sector by 5.5 percent.
Components of the nonoil GDP all registered positive growth this year, especially the industrial sector, construction, and transport, storage and communication which expanded by 4.72 percent, 8.11 percent and 7.2 percent respectively.
More News
08 Apr 2026
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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