Gross Domestic Product (GDP) According to the Central Department of Statistics and information (CDSI), GDP is estimated to reach SR 2,727.4 (US $727.3) billions in current prices in 2012, reflecting a growth of 8.6 percent compared to 2011. The private sector is estimated to grow by 11.5 percent in current prices in 2012. As a result of the aggregate economic census implemented by CDSI to update the economic activities of the private sector, real GDP growth for 2011 has been revised upward to 8.5 percent instead of 7.0 percent. In real terms, GDP for 2012 is estimated to grow by 6.8 percent, with the oil sector growing by 5.5 percent and non-oil sector by 7.2 percent. In real terms, the government sector is estimated to grow by 6.2 percent and the private sector by 7.5 percent. In real terms, the private sector's contribution to GDP is expected to reach 58 percent. All components of GDP recorded positive and healthy growth in 2012. More specifically, non-oil industrial sector is estimated to grow by 8.3 percent; construction by 10.3 percent; electricity, gas, and water sector by 7.3 percent; transport, storage and communication sector by 10.7 percent; wholesale, retail, restaurants, and hotels by 8.3 percent; and finance, insurance and real estate by 4.4 percent. --MORE
