Business Confidence in Saudi Arabia increased to 3 in the second quarter of 2016 from -12 in the first quarter of 2016. Saudi Arabia Business Confidence - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Business Confidence in Saudi Arabia averaged 30.10 from 2009 until 2016, reaching an all time high of 63.00 in the third quarter of 2011 and a record low of -12.00 in the first quarter of 2016. This page provides - Saudi Arabia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Dun & Bradstreet

Business Confidence in Saudi Arabia is expected to be 10.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Saudi Arabia to stand at 30.00 in 12 months time. In the long-term, the Saudi Arabia Business Confidence is projected to trend around 40.00 points in 2021, according to our econometric models.

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Saudi Arabia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
3.00 -12.00 63.00 -12.00 2009 - 2016 points Quarterly

Saudi Arabia Business Confidence
In Saudi Arabia, the Business Optimism Index (BOI) assesses the level of optimism that business executives in the hydrocarbon sector have about current and expected developments regarding sales, profits, selling prices, orders, inventories and employment. The index is based on a sample which includes business executives from Saudi Arabia´s mining, oil and gas companies. Business confidence is measured on a scale of -100 to 100, where levels above 0 indicate optimism, 0 neutrality and below 0 pessimism.