A report of the predictive indicator which was prepared by Riyadh Chamber , predicted the growth of the national economy by 2,3% during 2016 and that is less than the average rate i.e. 5,5% which was fulfilled during the last years (2010- 2014) . The report referred that to the decline of international oil markets and the slowness of international economy growth .
The report of the indicator which was prepared by the sector of studies and information in Riyadh Chamber , stated that non-oil sectors can play a significant role in boosting economic growth and compensate for the reduction of oil prices . Non-oil sectors also benefit from governmental investment which was pumped during the last years . In addition , the results of economic transformation program which was adopted by the government . The program seeks to rationalize public expenditures ,continue development programs and projects, stimulate employment of Saudis and increase the efforts of private sector .
The indicator observed negative effects of reduction on the Kingdom's revenues of oil . Which included the need of depending on financial reserve to cover inability of revenues , fear of draining them in case of the continuum of oil price reduction , reduction of government investment in the end of 2015 to an expected rate of 1,2% compared to the amount of investments in 2014 .