Summary of Saudi Arabia

2013 Article IV Consultation

IMF,

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Saudi Arabia summary
The story of Saudi Arabia goes far beyond oil.

Rating

8 Overall

7 Importance

8 Innovation

8 Style

Recommendation

Saudi Arabia’s economic growth has been among the best in the world in recent years, and its carefully constructed fiscal policies serve it well. For that to continue, the country will need to deal with fluctuating oil prices, find employment for its people and stimulate its private sector. This report from the International Monetary Fund does a commendable and detailed job of analyzing Saudi Arabia and its future prospects. getAbstract suggests this work to companies and individuals considering business in Saudi Arabia, as well as those with regional interests.

In this summary, you will learn

  • What Saudi Arabia’s growth prospects are
  • What challenges the country faces over the short and long term
  • What steps the government should take to balance its dominance in the oil industry with the needs of its citizens
 

Summary

In the shadow of giants China and India, it’s easy to overlook Saudi Arabia as a nation of economic progress. Yet real GDP growth of 6.25% per year between 2008 and 2012 (7.75% if you exclude its oil sector) reveals a vibrant economy. The country also plays a critical role in stabilizing oil prices ...
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About the Author

The International Monetary Fund is a global organization that provides advice and financing to member states in economic difficulties and works to reduce poverty in developing nations.


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