Against the background of strong economic growth and socio-economic change in the Kingdom of Saudi Arabia, household income development should be closely monitored. Saudi Aramco has commissioned a study to GWS for the projection of future household income. The analysis should provide information for possible governmental interventions to correct the future path of household income. The objectives of the study in detail are:
- The aggregate forecast of household income in Saudi Arabia for the period 2013-2035
- Estimation of the number of future Saudi households by size and working members
- Macroeconomic model for Saudi economy based on national accounts data
- Projection of income as a function of GDP and based on sources of income
Evaluation of possible interventions by the government to improve the future levels of household income.