The relationship between inflation and GDP with reference to oil based economy

This study attempts to scientifically focus on the relationship between Saudi Arabia's GDP and inflation rate from 1969 to 2020. To link GDP and inflation rate, the study used various econometric models, including Ordinarily Least Square (OLS). The unit root test (ADF test) and normality tests (Jarque-Bera) use to confirm the accuracy of the data in this study. The study elaborates several literature reviews in which scholarly research papers are referenced in various parts and sections of the study, thereby focusing research gaps and allowing the investigation to proceed. Using the OLS model, the results reveal no significant association between GDP and inflation rate in Saudi Arabia throughout the period studied.