Kingdom's spending focus restrains private sector
Arab News - Saudi Arabia
The reasons behind this sluggish trend in real income have been rapid population growth occurring without a correspondingly large expansion in the economy, particularly the non-oil economy. Compared with countries such as Nigeria, Malaysia, South Africa or Turkey, Saudi Arabia's population has grown tremendously quickly. Re-based data of the United Nations Population Division show the Saudi population expanded 182.4 percent between 1980 and 2010.,…(19 May 2011)