SAMA delivers positive assessment of the Saudi Arabia’s economy | ZAWYA MENA Edition:
The Saudi Arabian Monetary Authority (SAMA) has published its 55th annual report which reviews the economic and financial developments in the Kingdom during 2018. In its report, SAMA assessed the economic and the banking performance of the Kingdom as fair for last year.
The report said that under balanced economic policies the Saudi economy showed positive developments in most sectors during the year. This robust economic performance benefitted from the economic and financial reform package that was introduced by the government when the Kingdom’s Vision 2030 was announced in April 2016.
The reforms helped the different sectors of the economy to achieve positive developments in 2018, as evidenced by the growth registered in the gross domestic product (GDP) of 2.21 percent to SR2,625.5 billion ($700 billion) in 2018, compared to a decline of 0.74 percent in 2017.
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