Tesco
Saudi Arabia
Report

Saudi Arabia

2013 Article IV Consultation

International Monetary Fund
IMF, 2013
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Editorial Rating

8

Qualities

  • Innovative
  • Overview
  • Background

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.

Take-Aways

  • Saudi Arabia’s real GDP growth of 6.25% per year between 2008 and 2012 (7.75%, excluding the oil sector) reveals a vibrant economy.
  • Despite its importance to the Saudi Arabian economy, oil output will likely grow more slowly over the next several years.
  • The government, which employs most Saudis, is boosting infrastructure spending, easing businesses’ access to credit and training business owners and workers to expand private sector employment for its growing population.

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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