Middle East Economic Survey
BUDGETS AND REVENUES
SAMA Annual Report Estimates GDP Growth At 13.7% In 2003
Saudi Arabias GDP in 2003 (1423-24H) grew at the rate of 13.7% at current prices, compared to 3% in 2002, according to the Governor of the Saudi Arabian Monetary Agency (SAMA) Hamad al-Sayyari. In his presentation on 26 October of SAMAs Annual Report to King Fahd ibn 'Abd al-'Aziz, Mr Sayyari attributed the high growth rate to the rise in oil prices and to the...