Failing to build the private sector more quickly is also taking its toll on improvement of real incomes among Saudi citizens and residents. Looking at nominal GDP figures, which fluctuate widely based on oil prices, per-capita GDP figures have shown a distinct improvement in the last decade. Each Saudi resident earned $20,651 in 2011, a surge of 124 percent since 2000.
Yet these data can be viewed unrepresentative; per capita income measured at constant prices tell a very different story.
According to this measure, real per-capita income growth has been stagnant since the early-1980s. Each Saudi resident was earning $9,061 in 2011, virtually on par with the level in 1991 and below a 1980 peak of $14,733.
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