Â鶹ԭ´´

Saudi Arabia’s economy is expected to be adversely affected by COVID-19 pandemic in 2020. The growth of real gross domestic product (GDP) of Saudi Arabia is expected to shrink, unemployment level to increase and current account balance to reduce due to COVID-19 this year. As of 06^th Aug 2020, Saudi Arabia had 282,824 confirmed COVID-19 cases out of which 245,314 people have recovered from the disease while 3,020 have lost their lives.

This blog post covers economic impact of COVID-19 pandemic along with fiscal, monetary, employment and social policy measures taken by Saudi Arabia government under following sections –

1. Impact of COVID-19 on Saudi Arabia Economy in 2020

2. COVID-19 Containment Measures of Saudi Arabia

3. Fiscal Policy Measures by Saudi Arabia

4. Monetary Policy Measures by Saudi Arabia

5. Employment Policy Measures by Saudi Arabia

6. Social Policy Measures by Saudi Arabia

Ìý

Ìý

1. Impact of COVID-19 on Saudi Arabia Economy in 2020

Saudi Arabia’s real gross domestic product (GDP) was SAR 2639.797 billion in 2019 and due to COVID-19 outbreak it is estimated to decrease by 6.8% to be around SAR 2460.291 billion in 2020.

...