VOL. XL

No. 45

10-November-1997

SAUDI ARABIA

SAMA Reports Strong Saudi Economic Growth In 1996

Saudi gross domestic product (GDP) is provisionally estimated to have grown at 8.6% atcurrent prices in 1416-17 (1996), with non-oil GDP rising by 3.7%, according to theGovernor of the Saudi Arabian Monetary Agency (SAMA), Mr. Hamad al-Sayyari. Presenting the1996 SAMA Annual Report to King Fahd Ibn Abd al-Aziz of Saudi Arabia on 3 November,Mr. Sayyari noted that the strong GDP growth was occasioned by...