Prices charged for goods and services rise but job creation remains static
Saudi GDP
budget surplus
Saudi Arabia posts surplus for first time since 2014
Oil revenues rose 48 percent from the same period in 2018
budget deficit
Saudi Arabia to issue $31.5bn in debt this year to help finance budget deficit
Saudi Arabia’s outstanding government debt stood at approximately $150 billion at the end of 2018
General Authority for Statistics Saudi Arabia
SMEs said to employ 1m Saudis, set to grow amid reforms
Jadwa Investment research says around 950,000 SMEs are registered for business purposes in Saudi Arabia
Banking & Finance
Video: Saudi’s 2019 budget prediction
Top oil exporter Saudi Arabia is on course to post a higher deficit and lower economic growth than budgeted, due to a renewed fall in oil prices, economic experts said.
clean energy
Saudi’s Dammam to see $6bn GDP boost from SPARK energy park plan
JLL report says King Salman Energy Park is set to boost sectors of Dammam Metropolitan Area’s real estate market
IMF
IMF raises Saudi growth forecast on higher oil prices
Saudi economy, which contracted by 0.9% last year, is now forecast to grow by 1.9% in 2018
Global oil demand
Jadwa ups forecast for Saudi economic growth in 2018
New research says Saudi economy to grow by 2.2% this year on the back of an improvement in the global oil market
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Saudi driving decree
Saudi Arabia said to see only tiny GDP boost from lifting of driving ban
Major social reform will likely boost Saudi Arabia’s potential GDP growth by just 0.1% a year, says report
non-oil sector
Saudi non-oil growth forecast to speed up in 2018
Increased sector activity and government spending will propel it to grow faster than in 2017