Country Report Saudi Arabia May 2011

Outlook for 2011-15: Forecast summary

Forecast summary
(% unless otherwise indicated)
Real GDP growth3.8c6.
Crude oil production ('000 b/d)8,3538,8908,9009,0009,2509,430
Oil exports (US$ bn)177.2241.4201.7182.2160.1161.4
Consumer price inflation (av)5.4c6.
Consumer price inflation (end-period)5.4c5.
Deposit rate (3-month; av)
Government balance (% of GDP)
Exports of goods fob (US$ bn)237.9313.3271.7256.2251.6258.3
Imports of goods fob (US$ bn)-88.3-102.6-107.6-113.1-118.8-124.7
Current-account balance (US$ bn)70.1124.175.853.442.141.8
Current-account balance (% of GDP)16.122.914.
External debt (end-period; US$ bn)81.099.3116.1129.9142.9147.8
Exchange rate SR:US$ (av)3.8c3.
Exchange rate SR:¥100 (av)4.3c4.
Exchange rate SR:€ (av)5.0c5.
a Economist Intelligence Unit estimates. b Economist Intelligence Unit forecasts. c Actual.

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