Saudi per capita income may hit SR 116900

Experts have predicted that Saudi per capita income in the gross domestic product (GDP) will climb to SR 116,900 but, however, warned against growing inflation. Earlier, the International Monetary Fund (IMF) predicted that Saudi per capita income would rise by 27.6 percent in 2011 to SR 81,200 compared to SR 63,600 in 2010. Based on the Kingdom\'s annual population growth of 2.21 percent, Saudi population will reach 19.8 million and Saudi per capita income will hit SR 116,900 on the current prices and SR 48,800 based on fixed prices, economic expert Fahad Jumaa said, according to Arab News newspaper. He voiced concern that inflation will remain a major threat to Saudi income in the current year.