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About 40% of GDP comes from the private sector. Roughly five and a half million foreign workers play an important role in the Saudi economy. The government is encouraging private sector growth to lessen the kingdom's dependence on oil and increase employment opportunities for the swelling Saudi population. Priorities for government spending in the short term include additional funds for education and for the water and sewage systems.
Indicators 2001 2002 2003
GDP (USD billion) 183.257 188.471 211.440
Real GDP growth (constant prices) 1.3% 1.0% 6.4%
GDP per capita (USD) 8598.756 8544.373 9261...
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Common topics in this essay:
- Saudi Arabia Case.
- Budget Deficit
- Deficit Spending: The Deficit Good Or Bad
- Saudi Arabia Joining WTO
- What Factors Led to the Slowdown of the US Economy in 2001? Have matters improved in 2004? Evaluate the Risks of a Downturn in 2005 if Oil Prices Remain Over $40 a Barrel. What Are the Effects on the European and Asian Economies?
- Saudi Arabia
- Saudi Arabia
- t o what extent can the right of women in saudi arabia be justified?
- Deficit Spending
- Nurse Shortage in Saudi Arabia
- Traditional Clothing of Japan and Saudi Arabia
- Influence of Islam on Leadership & Teamwork in Private and Public Sectors in Saudi Arabia
- saudi arabia and islam
- Budget 2005
- Working Women in Saudi Arabia
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