Saudi Arabia's (GDP), balanced for expansion, developed by only 0.9 percent from a year prior in the second from last quarter of 2016.
This contrasted with the 1.4 percent development found in the second quarter, as per information from the Central Department of Statistics appeared.
The Q3 development was the slowest recorded since 0.3 percent in the primary quarter of 2013.
The stoppage comes as Saudi Arabia effectively cut into its tremendous state spending deficiency this year and says it will build government spending in 2017 to support hailing monetary development.
The deficiency shrank to 297 billion riyals ($79 billion) in 2016. That was well beneath a record 367 billion hole in 2015, and underneath the administration's projection in its unique 2016 spending arrangement of a shortfall of 326 billion riyals.
The money related difficulties for Saudi Arabia stem generally from the fall in the worldwide cost of oil in the course of the last more than two years.
This contrasted with the 1.4 percent development found in the second quarter, as per information from the Central Department of Statistics appeared.
The Q3 development was the slowest recorded since 0.3 percent in the primary quarter of 2013.
The stoppage comes as Saudi Arabia effectively cut into its tremendous state spending deficiency this year and says it will build government spending in 2017 to support hailing monetary development.
The deficiency shrank to 297 billion riyals ($79 billion) in 2016. That was well beneath a record 367 billion hole in 2015, and underneath the administration's projection in its unique 2016 spending arrangement of a shortfall of 326 billion riyals.
The money related difficulties for Saudi Arabia stem generally from the fall in the worldwide cost of oil in the course of the last more than two years.
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