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Recent Economic Developments and Highlights of Fiscal Years 1435/1436 (2014) & 1436/1437 (2015) 5 Riyadh

oil sectors are estimated to grow by (3.66) and (5.7) percent, respectively. All components of non-oil GDP recorded positive and healthy growth in FY 1435/1436 (2014(. Non-oil industrial sector is estimated to grow by (6.54) percent; construction by (6.7) percent; transport, storage and communication sector by (6.13) percent; wholesale, retail, restaurants, and hotels by (5.97) percent; and finance, insurance and real estate by (4.46) percent.
2 - General Price Level
In FY 1435/1436 (2014), Inflation, as measured by the cost of living index for 2007 base year, has increased by (2.7) percent compared to 2013, while the non-oil GDP deflator is estimated to increase by (2.99) percent.
3 - Foreign Trade and Balance of Payments
In FY 1435/1436 (2014), according to the Saudi Arabia Monetary Agency (SAMA) preliminary data, total exports of goods are estimated to be around SR 1,348.4 (US $359.6) billion, a decrease of (4.4) percent from last year. Non-oil exports of goods are estimated to be around SR 208.2 (US $55.5) billion, an increase of (3.1) percent compared to 2013. The Non-oil exports of goods represents (15.4) percent of total goods exported. Total imports of goods are estimated to be around SR 564.1 (US $150.4) billion, decreasing by (2.6) percent compared to 2013. The trade balance surplus is estimated to be around SR 788.7 (US $210.3) billion, a decline of (5.6) percent compared to 2013.
In FY 1435/1436 (2014(, the current account is estimated to register surplus of around SR 399 (US $106.4) billion compared to a surplus of SR 497.4 (US $132.6) billion in 2013, a decrease of (19.8) percent.
4 - Money and Banking
The money supply grew by (10.4) percent in the first ten months of 2014 compared to (6.6) percent for the same period in 2013. In the same period, bank deposits recorded a growth rate of (11) percent total banks claims on the public and private sector increased by (13.8) percent, and banks' capital and reserves increased by (11.1) percent reaching around SR 250.9 (US $66.9) billion.
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15:18 LOCAL TIME 12:18 GMT
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