A comparative study on the Economic Indicators of Ministry of Health, Kingdom of Saudi Arabia

This research paper focuses on the Economic Indicators of Ministry of Health, Kingdom of Saudi Arabia for the years for the years 2006, 2011 and 2016. Objectives: To compare the economic indicators of the Ministry of Health, Kingdom of Saudi Arabia for the years 2006, 2011 and 2016. Research Methods: It is a descriptive and comparative research study in which historical data was analysed (Library Research). Significance of Research: There is a growing demand of healthcare services in the Kingdom of Saudi Arabia and the Saudi Arabian General Investment Authority has identified healthcare as a priority sectors for investment and nationalization for employment. Research Design: The economic indicators of the Ministry of Health, Kingdom of Saudi Arabia for the years 2006, 2011 and 2016 were compared and analysed by using the rates or percentages. Study Population: This research is limited to the economic indicators of Ministry of Health, Kingdom of Saudi Arabia for the years 2006, 2011 and 2016. Data Collections: The data were collected from the annual reports of Ministry of Heath, Kingdom of Saudi Arabia for the years 2006, 2011 and 2016, relevant published journals, articles, research papers, academic literature and web portals. Conclusion: There is an increase in the GDP per capita (in US Dollars) by 37.32% and MOH Budget (Percentage of Governmental Budget) by 16.83 % in the year 2016 as compared to the year 2006. Hence, there is a significant improvement in the economic indicators of the Kingdom of Saudi Arabia, MOH and there are enormous opportunities in the Kingdom of Saudi Arabia for the investment of international and national entrepreneurs and employment for Saudi nationals in the lucrative healthcare service industry.