http://www.inquiriesjournal.com/authors/2203/hammad-s-alhamad Inquiries Journal provides undergraduate and graduate students around the world a platform for the wide dissemination of academic work over a range of core disciplines. en-us Mon, 07 Sep 2026 02:50:22 -0400 Mon, 07 Sep 2026 02:50:22 -0400 http://www.inquiriesjournal.com/articles/918/the-high-cost-of-living-in-saudi-arabia-growth-and-inflation-in-a-macroeconomic-perspective By Hammad S. Alhamad - Over the past decade Saudi Arabia witnessed high growth rates. In nominal terms, its growth from 2004 to 2013 was 13.4%, but in real terms the growth rate was 6.3%. By definition the difference between nominal and real value is inflation, because the real value of GDP is holding the GDP to a base year, and nominal value is the GDP in current terms. This implies high inflation in the economy because of the big difference between the nominal and real figures for Saudi Arabia. Morovere, almost half of the current growth reflects inflationary factors. In Figure 1 we can see the difference between... Wed, 24 Sep 2014 12:45 EDT http://www.inquiriesjournal.com/articles/918/the-high-cost-of-living-in-saudi-arabia-growth-and-inflation-in-a-macroeconomic-perspective http://www.inquiriesjournal.com/articles/905/the-labor-market-in-saudi-arabia-foreign-workers-unemployment-and-minimum-wage By Hammad S. Alhamad - On the other hand, Saudi nationals have witnessed high levels of unemployment for the past decade. Unemployment peaked in 2011 at 12.4% (Saudi Ministry of Labor, 2012); this was due mainly to structural problems such as competition from lower paid foreign workers. In addition to the problem of the many unskilled Saudi workers who need training in order to be integrated into the labor market, there is a demographic issue: the largest age group is the youth between 20 and 34. The labor market needs to accommodate this large number of workers every year, estimated to be around 300,000 (Fakieh, 2013... Sat, 28 Jun 2014 10:12 EDT http://www.inquiriesjournal.com/articles/905/the-labor-market-in-saudi-arabia-foreign-workers-unemployment-and-minimum-wage