Rabiah pointed out that economic reforms undertaken by the Kingdom have been reflected on economic environment and statistics indicate the increase of Gross Domestic Product by 28% in 2011 in comparison with 2010, due to the growth of petroleum sector by 40%, adding that with regard to foreign trade, revenues amounted to SR 1300 billion in 2011, an increase of 37% compared to the previous year 2010, and it is expected to increase by 14% next year. He noted that imports amounted to SR 320 billion in 2011, an increase of 2% from the previous year 2010, indicating that economic balance achieved a surplus of SR 315 billion by 59%. --More
