Overview: Saudi Arabian economy
One of the major economies in the middle- east region and also a member of OPEC, Saudi Arabia, which expanded by 7.7% in 2003 – highest in 15 years – grew by 6.5% in 2005. The petroleum, oil and lubricants sector accounts for 75% of budget revenues, 45% of GDP, and 90% of export earnings. Soaring oil prices have helped countries in the entire middle-east region to post huge surpluses.
For complete IIPM article click here
Source:- IIPM Editorial, 2006
Editor:- Prof. Arindam Chaudhuri
For complete IIPM article click here
Source:- IIPM Editorial, 2006
Editor:- Prof. Arindam Chaudhuri
