Oxford Economics expected that the Saudi gross domestic product will achieve a growth of 7.5% in 2022 and that the Saudi economy will exceed the trillion dollar barrier for the first time this year.
According to Arabiya Net, the International Monetary Fund had expected the growth to be in the range of 7.6%.
On Sunday, the rapid estimates of the Saudi General Authority for Statistics showed that the real GDP of Saudi Arabia grew by 11.8% in the second quarter of 2022, compared to the same quarter of 2021.
The Saudi Ministry of Finance announced the actual budget figures for the second quarter of this year, which revealed the achievement of revenues that exceeded 370.3 billion riyals, including oil revenues of more than 250 billion riyals.
The Saudi budget achieved a surplus of nearly 78 billion riyals in the second quarter, benefiting from the jump in oil revenues by nearly 90%.
The surplus in the first six months of the year exceeded 135 billion riyals, while the estimated budget expected a surplus of 90 billion riyals for the entire current year.
Among the goals of the Kingdom's Vision 2030, is for Saudi Arabia to become among the 15 largest global economies in 2030, and to record an expected domestic product of $1.7 trillion.
