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Saudi Arabia's nominal GDP seen to top $749bn in 2013
- Saudi Arabia: Sunday, May 05 - 2013 at 01:34
According to a report by Saudi-based Jadwa Investment, the kingdom's budget and external surpluses are expected to reach a new record level in 2013, due to a high level of production and strong oil prices for the year, Arab News has reported. Budget surplus is projected to reach SR91.13bn this year with total revenue of SR2.81trn ($749.34bn), compared with SR2.72trn in 2012, the report said. "The growth would boost GDP per capita to $6,645 from last year's $6,627, even though the country's population is expected to increase by nearly 900,000 to 30.2 million in 2013," it said.
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