Balance of payments: Surplus

How long will the Black Gold last?

Saudi Arabia outlook

Saudi Arabia’s international investment position is very impressive, thanks to the rising crude oil prices. Current account surplus for 2005 stood at a whopping $90.66 billion, as compared to $51.92 billion in 2004. Current account as percentage of GDP was at 28.3 in 2005, as against 20.6 in 2004. Reserves in terms of number of months of import cover totaled 21.20 in 2005, which declined from 25.50 in 2004.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

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