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Book
Global forum on transparency and exchange of information for tax purposes, Saudi Arabia 2019 (second round) : peer review report on the exchange of information on request.
Authors: --- ---
ISBN: 9264691162 9264377611 Year: 2019 Publisher: Paris, France : Organisation for Economic Co-Operation and Development,


Book
Saudi’s Growth and Financial Spillovers to Other GCC Countries: An Empirical Analysis
Authors: --- ---
ISBN: 1484391101 Year: 2018 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This paper examines real and financial linkages between Saudi Arabia and other GCC countries. Growth spillovers from Saudi Arabia to Bahrain are found to be sizeable and statistically significant, but those to other GCC countries are not found to be significant. Equity market movements in Saudi Arabia are found to have significant implications for other GCC countries, while there is no evidence of co-movements in bonds markets. These findings suggest some degree of interdependence among GCC countries.


Book
Saudi Arabia : 2017 Article IV Consultation-Press Release; and Staff Report.
Author:
ISBN: 1484323238 Year: 2017 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

This 2017 Article IV Consultation highlights Saudi Arabia’s launch of a bold reform program under Vision 2030, announced in 2016. The authorities have made considerable progress in initiating the implementation of their ambitious reform agenda. Non-oil growth is projected to pick up to 1.7 percent in 2017. Growth is expected to strengthen over the medium term as structural reforms are implemented. Risks mainly come from uncertainties about future oil prices, as well as questions about how the ongoing reforms will affect the economy. Employment growth has weakened, and the unemployment rate among Saudi nationals has increased to 12.3 percent. The fiscal deficit is also projected to narrow substantially in the coming years.

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