Riyadh – Mubasher: Saudi Arabia’s real gross domestic product (GDP) is expected to increase by 2.3% in 2019, compared to 2.1% this year, the Ministry of Finance (MoF) said on Sunday.
The ministry also forecast that the oil-rich kingdom’s nominal GDP will rise to SAR 3.136 trillion next year, from SAR 2.934 trillion in 2018, according to the preliminary financial statement of fiscal year 2019/2020 budget.
The Saudi body further noted that inflation is expected to reach 2.3% in 2019, compared to 2.8% this year, expecting a downward path until hitting 2.1% in 2021.
