Statistics on Our Struggling Economy {Saudi Arabia}

[mumon]

Folks, here's what you're NOT hearing about!

http://www.arabnews.com/?page=7§ion=0&article=33238&d=8&m=10&y=2003


•Average economic growth in Saudi Arabia in the past 20 years (1980-2000) has been no more than 1.5 percent, which is even lower than the average growth in developing countries, which stood at 4.9 percent.

• Even though the government invested a lot in the 1980s, its investments in the country declined in the 1990s. The average investment in the country was 30 percent of the GDP in the 1980s, but by 2001 it had nosedived to 18 percent.

• The government spent SR14.1 billion on infrastructure in 1981, whereas 20 years later in 2001, spending is only SR2.5 billion.

• The public debt in Saudi Arabia in 1988 was SR50 billion, whereas in 2002 it stood at SR651 billion.

• A working person in the Kingdom in 1999 supported an average of 5.35 people, whereas in Egypt it was 2.76, and in Venezuela 2.59 in the same period.


Yep, folks. a LOTTA good we're doing in Iraq- NOT.

Saudi Arabia is basically in the toilet economically.

[happyslug]

1. Sounds like France 1788

Rich but Corrupt, and the only way to eliminate the Corruption is to overthrow not only the Saudis themselves but the whole political structure , like what happen in France in 1789-1815. It happened In Russian From 1917-1939 and China 1948-1972 and even England 1630-1660. Unlike those countries at the time of their Revolutions, the rest of the world is dependent on Arabia being peaceful (i.e. to maintain oil supplies). You do NOT invade a revolution (Prussia and Austria found that out in 1792, Britain, France and the US found that out in 1919, even Korea was to close to a country in revolution so again you had a fight 1951-1953). The main reason is revolutions have no center to destroy, conquer or control. Furthermore outsiders are viewed as trying to impose the old regime back and opposed by all sides of the Revolution (Including sides fighting one another).

Thus this is bad, very bad.