SR8.5 billion contract signed to establish Jubail-Buraidah pipeline project    Aramco Chief: Initial operation of Jafurah gas field to start this year    Zelenskyy calls Oval Office clash with Trump 'regrettable,' expresses readiness for peace under U.S. leadership    Riyadh's PSU tops Saudi universities in research quality    Historic Jeddah hosts 'Ramadan Season 2025' with diverse cultural events    Bevatel leads the WhatsApp Business API and Meta Solutions for GCC businesses    Aramco reports $106.2 billion net income for 2024    Project launched to evaluate degraded sites in Saudi regions    Trump's tariffs risk economic turbulence and voter backlash    Two dead after car plows into crowd in Germany    Pope Francis 'alert' after respiratory failure    In-person school classes will remain suspended in some parts of Makkah region on Tuesday    Al-Ahli CEO Ron Gourlay to step down in April    HONOR unveils New Corporate Strategy to Transition to an AI Device Ecosystem Company Illuminating a three-step roadmap underpinned by openness and collaboration    UK death rate 'reaches record low'    Anora sweeps Oscars with best picture, best director and best actress for Mikey Madison    Bassogog stuns Al-Ittihad with last-minute equalizer as Al-Okhdood snatches a dramatic draw    Cristiano Ronaldo left out of Al-Nassr squad for AFC Champions League clash against Esteghlal in Iran    Toney's hat-trick stuns Al Hilal as Al Ahli claims thrilling victory in Saudi Clasico    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    SFDA warns against Maragatty chicken broth for containing banned colorants    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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Recent Economic Developments and Highlights of Fiscal Years 1435/1436 (2014) & 1436/1437 (2015) 4 Riyadh


Gross Domestic Product (GDP)
In FY 1435/1436 (2014(, in current prices, according to the Central Department of Statistics and information (CDSI), GDP is estimated to reach SR 2,821.7 (US $752.5) billion, in national terms a growth rate of (1.09) percent compared to 2013. The non-oil GDP is estimated to grow by (8.21) percent, whereas the non-oil public and private sectors are estimated to grow by (6.06) and (9,11) percent, respectively, and the oil sector is estimated to decline by (7.17) percent.
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15:18 LOCAL TIME 12:18 GMT
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