Saudi Arabia Economy Expanded 3.8% in 2010

Saudi Arabia Economy Expanded 3.8% in 2010

Saudi Arabia's economy performed very well in 2010 , with the steady increase in the price of oil. Indicators point to the Saudi economy has expanded by around 3.8% in 2010. This increase saw the kingdom's budget post a surplus of 28 billion dollars compared to the deficit of 20 billion forecasted at the beginning of the year.

These measures will continue to grow into the new year and beyond hopefully. The government hopes that the GDP for 2011 will expand by 4% or more, while raising the activity in main sectors such as construction and logistics.

http://www.english.globalarabnetwork.com/201101068556/Economics/saudi-arabia-economy-expanded-38-in-2010.html