VOL. XLIV

No. 09

26-February-2001

SAUDI ARABIA

Saudi Arabia Achieves Real Growth Of 4.1%, But Still Faces Debt Burden And Fiscal Challenges

An average oil price of $27/B and increased oil production allowed Saudi Arabia to achieve a sharp rise in export revenues in 2000 (to $77bn from $40bn the year before) and a budget surplus, according to the Saudi American Bank (Samba). In a report issued by the banks Chief Economist, Brad Bourland, entitled The Saudi Economy: 2000 Performance, 2001 Forecast,...