KSA’s current account surplus to GDP reaches 0.7% in Q2 – GASTAT

KSA’s current account surplus to GDP reaches 0.7% in Q2 – GASTAT
KSA’s current account surplus to GDP reaches 0.7% in Q2 – GASTAT

Riyadh – Mubasher: The surplus in the current account of Saudi Arabia’s balance of payments to its gross domestic product (GDP) reached 0.7% during the second quarter of 2017, data by the Saudi General Authority for Statistics (GASTAT) showed.

The Kingdom’s current account of the balance of payments to the GDP had registered a 4.4% deficit in Q2-16, the GASTAT added.

The surplus in Saudi Arabia’s current account reached SAR 4.095 billion in Q2-17, against a deficit of SAR 26.512 billion in the corresponding period in the year earlier.

Year-on-year, Saudi Arabia’s GDP stood at SAR 618.692 billion in Q2-17 up from  SAR 603.856 billion.

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Source: Mubasher

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