Sunday 14 July 2013

Saudi Arabia's GDP growth slows on lower oil output - The National

"Growth in Saudi Arabia's gross domestic product, adjusted for inflation, slowed to 2.13 per cent in the first quarter of 2013 from 6.5 per cent a year ago, data from the Central Department of Statistics showed on Sunday.

The headline figures reflect a fall in Saudi crude oil output over the year, while growth in the non-oil private sector also slowed to 4.31 per cent from 5.18 per cent at constant 1999 prices.

The statistics department revised its first quarter 2012 GDP growth figure to 6.5 per cent from the 8.3 per cent growth rate it announced in April."

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