Middle East Economic Survey

VOL. XLVIII

No 42

17-October-2005

SAUDI ARABIA

SAMA Says Saudi GDP Rose By 5.3% In 2004

Saudi Arabias GDP grew by 5.3% and national income by 16.8% in 2004, according to the 2004 Annual Report of the Saudi Arabian Monetary Authority (SAMA) which was released last week. Presenting the report to King 'Abd Allah ibn 'Abd al-'Aziz, SAMA Governor Hamad al-Sayyari said that in 2004 the Saudi budget had a surplus of SR107bn ($28.5bn) and the current account in the balance of...