oil GDF deflator showed an increase of 2.40 percent. 3- Foreign Trade and Balance of Payment The Saudi Arabian Monetary Agency (SAMA) estimates the total value of exports of goods and services at SR 691.6 ($184.4) billion in 2009, representing a contraction of about 41.0 percent compared to 2008. Non-oil exports of goods are estimated at SR 101.8 ($27.1) billion, reflecting a decline of 16.4 percent and representing 15.0 percent of total goods exported. Total imports of goods are estimated at SR 301.3 ($80.4) billion in 2009, representing a decline of 21.0 percent compared to 2008. According to SAMA preliminary data, trade balance is estimated to record a surplus of SR 390.3 ($104.1) billion in 2009, a decline of 50.9 per cent compared to last year, as a result of the decline in oil price and quantity as well as non-oil exports. Current account is estimated to record a surplus amounting to SR 76.7 ($20.5) billion in 2009 compared to SR 496.2 ($132.3) billion in 2008, a decline of 84.5 percent. 4. Money and Banking The broad money supply during the first ten months of FY 2009 grew by 8.0 percent. Bank deposits recorded a growth rate of 8.2 percent during the first ten months of 2009 and total bank claims on public and private sectors declined by 5.7 per cent. Bank"s capital and reserves increased by 24.1 per cent reaching SR 163.6 ($43.63) billion. 5- Capital Market The Capital Market Authority (CMA) continued its efforts to develop the bonds market and improve the transparency, faireness, and investors" protection. --MORE
