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Country Report Saudi Arabia May 2011
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HTMLOutlook for 2011-15: Forecast summary
| Forecast summary | ||||||
| (% unless otherwise indicated) | ||||||
| 2010a | 2011b | 2012b | 2013b | 2014b | 2015b | |
| Real GDP growth | 3.8c | 6.3 | 5.3 | 4.8 | 5.0 | 4.8 |
| Crude oil production ('000 b/d) | 8,353 | 8,890 | 8,900 | 9,000 | 9,250 | 9,430 |
| Oil exports (US$ bn) | 177.2 | 241.4 | 201.7 | 182.2 | 160.1 | 161.4 |
| Consumer price inflation (av) | 5.4c | 6.6 | 4.2 | 3.8 | 4.2 | 5.1 |
| Consumer price inflation (end-period) | 5.4c | 5.4 | 4.0 | 4.0 | 4.6 | 5.1 |
| Deposit rate (3-month; av) | 0.6 | 0.8 | 1.2 | 2.0 | 3.1 | 3.2 |
| Government balance (% of GDP) | 7.0 | 10.4 | 0.4 | -5.2 | -7.1 | -6.9 |
| Exports of goods fob (US$ bn) | 237.9 | 313.3 | 271.7 | 256.2 | 251.6 | 258.3 |
| Imports of goods fob (US$ bn) | -88.3 | -102.6 | -107.6 | -113.1 | -118.8 | -124.7 |
| Current-account balance (US$ bn) | 70.1 | 124.1 | 75.8 | 53.4 | 42.1 | 41.8 |
| Current-account balance (% of GDP) | 16.1 | 22.9 | 14.1 | 9.6 | 7.1 | 6.5 |
| External debt (end-period; US$ bn) | 81.0 | 99.3 | 116.1 | 129.9 | 142.9 | 147.8 |
| Exchange rate SR:US$ (av) | 3.8c | 3.8 | 3.8 | 3.8 | 3.8 | 3.8 |
| Exchange rate SR:¥100 (av) | 4.3c | 4.6 | 4.6 | 4.6 | 4.6 | 4.5 |
| Exchange rate SR:€ (av) | 5.0c | 5.1 | 4.9 | 4.6 | 4.6 | 4.8 |
| a Economist Intelligence Unit estimates. b Economist Intelligence Unit forecasts. c Actual. | ||||||
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