Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
Healthy first quarter economic growth-2012
Latest economic growth data confirm that the healthy performance of the Saudi economy continued into the first quarter of 2012. Growth was lower than in the previous three quarters and more dependent on the oil sector. However, performance remains robust even when the oil and government sectors are removed.
Private sector leads real GDP growth in Q2
Monthly chartbookLatest economic growth data released last week confirm that the healthy performance of the Saudi economy continued into the second quarter of 2012 albeit at slower pace than previous quarters. In real terms (that is, adjusted for price movements) the economy was 5.5 percent larger in the second quarter of 2012 than in the same quarter of 2011. The non-oil private sector registered the highest year-on-year growth in the second quarter.
