What is the targeted percentage of non-oil exports in non-oil GDP outlined in Saudi Vision 2030, reflecting the Kingdom's drive to diversify its foreign exchange earnings?
Answer and explanation
Correct answer: D. Increase from 16% to 50%
- Step 1: Review core macro-economic KPIs under Vision 2030: Expanding non-oil exports is essential to decouple fiscal accounts from hydrocarbon cyclical volatility.
- Step 2: The official Vision 2030 target is to increase the share of non-oil exports from a baseline of 16% to at least 50% of non-oil GDP by 2030.
Answer
Increase from 16% to 50%.
Why not the others: '5% to 25%' underestimates the baseline; '30% to 75%' and '10% to 90%' are inaccurate target metrics.
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