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FINANCIAL NEWS
Saudi’s GDP beats goals
23 Mar 2012
(MENAFN) Saudi Arabia’s Ministry of Economy and Planning stated that the country’s gross domestic product (GDP) went up by 4.64 percent at fixed prices in the first year of the 9th development plan (2010-2014), exceeding the target of 4.3 percent, reported SPA.
The ministry said that most economic indicators in the first year appeared positive, backed by soaring oil prices and public revenues.
Economic stability is the Kingdom’s basic strength, the ministry added, saying that the Kindom obtained 9th place in the world in terms of economic stability, thus beating a number of developed countries.
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