Arab Today, arab today saudi economy grew 66 in q4
Last Updated : GMT 22:09:42
Arab Today, arab today
Arab Today, arab today

Saudi economy grew 6.6% in Q4

Arab Today, arab today

Arab Today, arab today Saudi economy grew 6.6% in Q4

Jeddah - Arabstoday

Saudi Arabia’s gross domestic product grew 6.64 percent from a year earlier in the fourth quarter of last year, accelerating from 5.1 percent growth in the third quarter. The oil sector, which accounts for nearly a third of the economy, expanded 6.13 percent in the fourth quarter, the Central Department of Statistics and Information in Riyadh said in a report yesterday. The oil sector GDP rose to SR82.66 billion in the fourth quarter of 2011. The report said private sector growth, at 9.9 percent, outpaced the state sector’s 3.6 percent expansion. Private sector GDP amounted to SR112.91 billion in the fourth quarter compared to SR102.75 billion in 2010. The construction sector expanded 13.3 percent because of a real estate boom and heavy government spending on infrastructure. In its report, the department also said that the value of the Kingdom’s exports in February surged by 32 percent to reach SR38.61 billion compared to SR29.30 billion in the same period last year while the weight of the imports of Saudi Arabia amounted to 4507,000 tons against 3135,000 tons in the same period of last year, an increase of 44 percent. China ranked first of countries exporting goods to Saudi Arabia, followed by the US, Germany, Japan and South Korea. Saudi Arabia exported Saudi-origin nonoil goods to the GCC countries in the amount of SR2.32 billion compared to SR2.05 billion in the same period last year, an increase of 13 percent. The UAE topped the list of exporters to and importers from Saudi Arabia among GCC countries with exports to UAE amounting to SR391 million and imports from it amounting to SR111 million, followed by Qatar, Oman and Bahrain. Saudi Arabia\'s nonoil exports in February 2012 amounted to SR14.31 billion, an increase of SR2.98 billion representing 26 percent. The report said the exported weight reached 3878, 000 tons compared to 3408,000 tons in the same period last year, an increase of 470,000 tons representing 14 percent. The report added that petrochemicals were the most goods exported in February 2012 amounting to SR5.28 billion, a rate of 37 percent, followed by plastic products in the amount of SR4.47 billion (31 percent), re-exported goods amounting to SR1.68 billion (12 percent), foodstuffs valued SR886 million (6 percent), ordinary minerals and their products fetching SR627 million (4 percent), and other goods totaling SR1.37 billion (10 percent). China ranked first as Saudi Arabia\'s importer of its nonoil exports worth SR2.08 billion (14 percent), followed by the United Arab Emirates in the amount of SR1.53 billion (11 percent), Singapore with Saudi imports totaling SR836 million (6 percent), India amounting to SR800 million (6 percent), and Turkey in the amount of SR714 million (5 percent) and other countries with imports from Saudi Arabia amounting to SR8,36 million (58 percent). Asian non-Arab and Islamic countries topped the list of Saudi Arabia\'s purchasing economic blocs of its nonoil in products in the amount of SR4.81 billion (34 percent), followed by the GCC bloc amounting to SR3.04 billion (21 percent), Arab League member states in the amount of SR2.31 billion (16 percent), European Union countries amounting to SR1.67 billion (12 percent), non-Arab Islamic countries amounting to SR1.42 billion (10 percent) and other blocs in the amount of SR1.08 billion (7 percent).

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi economy grew 66 in q4 Arab Today, arab today saudi economy grew 66 in q4

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi economy grew 66 in q4 Arab Today, arab today saudi economy grew 66 in q4

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday