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SAMA Governor: Real GDP Grew by 6.8 Percent in 2012
SPA Published in Alriyadh on 04 - 03 - 2013

The Governor of Saudi Arabian Monetary Agency (SAMA) Dr. Fahd bin Abdullah Al-Mubarak confirmed that the Kingdom's economy continued to grow for 13th year in a row. He also said that the real Gross Domestic Product (GDP) in the Kingdom of Saudi Arabia grew by 6.8 percent in 2012.
This came in a speech delivered by Dr. Al-Mubarak at the beginning of the press conference held today at SAMA headquarters in Riyadh on the occasion of the issuance of SAMA's 48th annual report.
SAMA Governor said 'In 2012, the actual surplus in the state budget amounted to SR 386 billion, where the volume of public debt declined to less than SR 100 billion which is less than 4 percent of the GDP. The Kingdom has achieved a balance of payments surplus estimated at SR 670 billion.'
He also said that the inflation rate declined from 5.0 percent in 2011 to 4.6 percent in 2012.

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