Summary of Saudi Arabia

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Saudi Arabia summary
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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.

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.

 

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 during periods of disruption: In 2011, it increased its oil production to a 30-year high after Libyan output dropped sharply. In an area of rampant geopolitical tension, Saudi Arabia is a calming force on the energy front, as well as a financial supporter of “countries in transition” like Egypt, Morocco...


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