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.