Middle East Economic Survey
VOL. LIV
No 22
30-May-2011
SAUDI ARABIA
Saudi Current Account Surplus For 2010 Lowered To $66.8Bn, Says Jadwa
The official estimate for the Saudi Arabian current account surplus has been lowered to $66.8bn (15.4% of GDP) from $69.6bn owing to higher imports, said Jadwa Investment in its May Monthly Bulletin. Based on recent data on the kingdoms balance of payments for 2010, the bank noted that total exports were revised to $251bn in 2010, up by 31% from 2009,...
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