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,...