Saudi Arabia : 2015 Article IV Consultation - Press Release; Staff Report; and Informational Annexl

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

September 9, 2015

Electronic Access:

Free Full text (PDF file size is 3287 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2015 Article IV Consultation highlights that the rising oil prices and production resulted in large external and fiscal surpluses for Saudi Arabia. Real GDP growth is projected to slow to 2.8 percent in 2015, and then further to 2.4 percent in 2016 as government spending begins to adjust to the lower oil price environment. Nevertheless, government debt is very low and was 1.6 percent of GDP at end-2014. The current account surplus declined to 10.9 percent of GDP in 2014. It is expected to move into a small deficit in 2015 but return to surplus during 2016–20. Over the medium term, growth is expected to be about 3 percent. Inflation is likely to remain subdued.

Series:

Country Report No. 15/251

Subject:

Notes:

Also Available in Arabic

English

Publication Date:

September 9, 2015

ISBN/ISSN:

9781513551111/1934-7685

Stock No:

1SAUEA2015001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

70

Please address any questions about this title to publications@imf.org