S\u00e3o Paulo \u2013 The Gross Domestic Product (GDP) of Saudi Arabia grew 5.94% in the first quarter of this year as against the same period in 2011, according to figures disclosed by the Saudi Central Department of Statistics published by local newspaper Arab News<\/i>. The figures, according to the daily paper, take into consideration inflation.<\/p>\n
A report by the organisations shows that in nominal values, not discounting inflation, that is, the country\u2019s economy grew 15.96%, from 528.002 billion Saudi rials (US$ 140.8 billion at current exchange rates) to 612.295 billion (US$ 163.2 billion).<\/p>\n
In real terms, discounting inflation, the public sector GDP rose 4.24%, while the private sector GDP rose by 6.33%. The oil sector alone, the most important in the country, grew 7.17%.<\/p>\n
According to International Monetary Fund (IMF) figures, the economy of Saudi Arabia grew 7.1% in 2011 and should expand 6% in 2012.<\/p>\n
For comparison purposes, the IMF forecasts growth of 3% for Brazil this year. In the first quarter, the economy of Brazil grew by 0.8% as against the same period in 2011 and 0.2% over the result for the last three months of 2011, according to the Brazilian Institute for Geography and Statistics (IBGE).<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The expansion was identified in the first quarter as against the same period last year. The International Monetary Fund forecasts 6% growth for the country in 2012.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-41705","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The expansion was identified in the first quarter as against the same period last year. The International Monetary Fund forecasts 6% growth for the country in 2012.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/41705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=41705"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/41705\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=41705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=41705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=41705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}