Saudi Arabia: 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex
IMF Staff Country Reports, October 13, 2016
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- Saudi Arabia: 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex
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Bibliographic details
- Published: October 13, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475539523.002
Economic growth and outlook
- Real GDP growth is expected to slow to 1.2 percent in 2016.
- Real GDP growth is expected to recover to 2 percent in 2017 as the pace of fiscal consolidation eases.
Inflation and prices
- Inflation has risen in recent months to more than 4 percent owing to increase in energy and water prices.
Banking sector and financial conditions
- Bank deposits have declined.
- Growth of credit to the private sector remains strong.
- Capital buffers are high.
- Nonperforming loans are low.
- Banks are well provisioned against loan losses.
External sector and current account
- The current account deficit is projected to narrow to 6.4 percent of GDP in 2016.
- The current account is projected to move close to balance by 2021 as oil prices partial recover.
Publication metadata and topics covered
- Pages: 80
- Volume: 2016
- Issue: 326
- Series: Country Report No. 2016/326
- DOI: https://doi.org/10.5089/9781475539523.002
- Stock No: 1SAUEA2016001
- ISBN: 9781475539523
- ISSN: 1934-7685
- Subject keywords: Commodities, Credit, Expenditure, Fiscal consolidation, Fiscal policy, Money, Oil, Oil prices, Prices
International Monetary Fund. Middle East and Central Asia Dept. "Saudi Arabia: 2016 Article IV Consultation-Press Release; Staff Report; and Informational Annex", IMF Staff Country Reports 2016, 326 (2016).
Content in this bundle
- Saudi Arabia 2016 Article Iv Consultation—Press Release; Staff Report; And Informational Annex
- المملكة العربية السعودية: تقرير خبراء الصندوق في إطار مشاورات المادة الرابعة لعام ٢٠١٦ - أهم القضايا