Saudi GDP to hit $465bn in '08

Saudi Arabia: Tuesday, April 08 - 2008 at 10:12

A new report by Riyadh-based Samba Financial Group predicts that Saudi Arabia's nominal GDP will be around $465bn this year, reported Khaleej Times. The nominal GDP, which was $309.9bn in 2005, is expected to grow to $517.3bn in 2009. The report said the Kingdom's economy is now on a par with that of Switzerland, accounts for a little more than half of the total output of the GCC, and is twice the size of the second largest GCC economy, the UAE.

Jeff  Florian Jeff Florian, Senior Reporter
Tuesday, April 08 - 2008 at 10:12 UAE local time (GMT+4)

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