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