Research on the Impact of COVID-19 on GDP of Saudi Arabia

DOI

10.2991/aebmr.k.220307.099How to use a DOI?

Keywords

Saudi Arabia; GDP level; oil price; COVID-19

Abstract

The global breakout of the COVID-19 has led to the inflicting heavy losses on the global economy where no country, whether developed or developing, has survived without significant losses. And what’s more, Saudi Arabia has been swept up and affected without exception, negatively affected in many sectors of the economy, including its oil price, and concerning GDP level, consumption level, and investment level of people. This paper is to focus on exploring the impact of the COVID-19 virus on the economy of the Kingdom of Saudi Arabia, seeking to reflect a descriptive overview of the GDP level, utilizing the comparison among the last 20 years and analyzing the estimated data from the World Bank to assess each indicator of GDP level. Also, this article is going to discuss how the Kingdom has tried to get out of this dilemma and confront it, as well as give some suggestions about its survival of the economy. From this essay, we can notice a considerable GDP shock of Saudi Arabia and meticulously interpret each situation of composing level to reflect the most realistic economic crisis of KSA.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Qianyi Ma
PY  - 2022
DA  - 2022/03/26
TI  - Research on the Impact of COVID-19 on GDP of Saudi Arabia
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 618
EP  - 622
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.099
DO  - 10.2991/aebmr.k.220307.099
ID  - Ma2022
ER  -