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FinancialNews


  • 19-09-13

    Saudi account surplus expected to decline

    (MENAFN) Jadwa Investment stated that the current account surplus in Saudi Arabia will decrease this year versus last year due to lower oil export revenue, Saudi Gazette reported. The surplus will decrease to 14.2 percent of the gross domestic product (GDP) down from 23.2 percent of the GDP in 2012. In dollar terms, the surplus will drop to USD105.8 billion this year from USD164.8 billion last year registering a 35.7 percent drop.

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