http://www.inquiriesjournal.com/keyword/economic-growth 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 Wed, 15 Apr 2026 01:27:49 -0400 Wed, 15 Apr 2026 01:27:49 -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