Saudi Arabia : Selected Issues

Publication Date: September 18, 2012
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Summary: This chapter reviews developments in GDP over the past several decades. The analysis shows that accumulation of labor and capital explains the bulk of overall output growth since 1990, with changes in total factor productivity playing only a minor role. Moreover, while increases in total factor productivity (TFP) during 1990-2009 have been close to the worldwide average, the pace of TFP growth fell during the 2000s. This suggests scope for increasing the efficiency of factor markets and highlights the importance of recent reforms to promote knowledge-based activity.
Series: Country Report No. 12/272
Subject(s): Economic growth | Labor markets | Employment | Private sector | Fiscal policy | Oil revenues | Nonoil sector | Monetary policy | Selected issues | Saudi Arabia

Notes Also Available in Arabic
Publication Date: September 18, 2012
ISBN/ISSN: 9781475510621/1934-7685 Format: Paper
Stock No: 1SAUEA2012004 Pages: 62
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