Riyadh-Mubasher: Saudi Arabia's GDP is expected to fall 8% to SAR 2.25 trillion ($601 billion) this year, compared with SAR 2.45 trillion ($653.2 billion) in 2015, and then would rise to SAR 2.5 trillion ($669 billion) in 2017, Jadwa Investment said in a recent report.
The average price of crude basket in the kingdom is expected to reach $30.3 per barrel in 2016, compared with $49.4 a year earlier, and will likely increase to $40.6 in 2017, the research firm said.
Revenues are expected to reach SAR 488 billion this year, compared with SAR 608 billion in 2015 and SAR 1040 billion in 2014. In addition, spending would reach SAR 890 billion in 2016, compared with SAR 975 billion and SAR 1111 billion in 2015 and 2014, respectively.
