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Ministry of Finance Issues Press Release on Highlights of Fiscal Years 1434/1435 (2013) and 1435/1436 (2014) 5 Riyadh
Published in Saudi Press Agency on 23 - 12 - 2013


Foreign Trade and Balance of Payments
According to the Saudi Arabia Monetary Agency (SAMA) preliminary data, total exports of goods are estimated to be around SR 1,376.2 (US $367) billions in 2013, a decrease of (5.5) percent from last year. Non-oil exports of goods are estimated at around SR 197.6 (US $52.2) billions, reflecting an increase of about (3.9) percent over last year and (14.4) percent of total goods exported.
Total imports of goods are estimated at around SR 574.1 (US $153.1) billions in 2013, growing by (8.0) percent compared to last year.
According to preliminary data from SAMA, the trade balance is estimated to record a surplus of around SR 802.1 (US $213.9) billions in 2013, reflecting a decrease of (13.3) percent compared to last year.
The current account is estimated to record a surplus of around SR 486.8 (US $129.8) billions in 2013 compared to a surplus of SR 617.9 (US $164.8) last year, representing a decrease of 21.2 percent.
4 - Money and Banking
The money supply during the first ten months of FY 2013 grew by (6.6) percent compared to (10) percent for the same period last year.
With regard to the banking sector during the first ten months of fiscal year 2013, bank deposits recorded a growth rate of (6.5) percent, total banks claims on the public and private sector increased by (13) percent, and banks capital and reserves increased by (8.7) percent reaching around SR 227.6 (US $60.7) billions.
5 - Economic, financial and organizational developments
A number of developments, initiatives and actions taken by the governments in 2013 have contributed to a rise in private sector confidence and robust growth performance including:
-The continued implementation for the second phase of the National e-Government Project, which was launched in (1427/1428H), to support the initiatives and projects for the second operational plan for the e-Government (2012-2016). Currently, nearly (1600) online services are available through the National e-Government Portal (SAUDI). Moreover, the number of government entities connected to the secure electronic network is (160), and the number of government entities that exchange data electronically through government integration channel is (65). Furthermore, a National Call Center was launched to serve the beneficiaries of the electronic services around the clock through multiple channels of communication.
--More
16:59 LOCAL TIME 13:59 GMT
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