Business Confidence in Saudi Arabia increased to 3 in the second quarter of 2016 from -12 in the first quarter of 2016. 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.

Business Confidence in Saudi Arabia is expected to be 5.00 Index 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 5.00 in 12 months time. In the long-term, the Saudi Arabia Business Confidence is projected to trend around 5.00 Index Points in 2020, according to our econometric models.

Saudi Arabia Business Confidence
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Saudi Arabia Business Last Previous Highest Lowest Unit
Business Confidence 3.00 -12.00 63.00 -12.00 Index Points [+]
Manufacturing PMI 57.30 57.00 61.80 51.40 [+]
Industrial Production 1.40 2.34 25.87 -24.93 percent [+]
Changes in Inventories 22332.00 55807.00 64489.00 -51388.00 SAR Million [+]
Internet Speed 6705.52 6321.15 6705.52 1242.08 KBps [+]
IP Addresses 3510242.00 3551866.00 4339235.00 177395.00 IP [+]
Industrial Production Mom -2.90 -0.35 4.17 -3.10 percent [+]
Manufacturing Production -10.90 3.71 21.50 -10.90 percent [+]
Mining Production 7.30 3.39 7.30 -6.75 percent [+]
Crude Oil Rigs 58.00 59.00 81.00 11.00 [+]
Competitiveness Index 70.03 67.50 70.03 4.54 Points [+]
Competitiveness Rank 36.00 39.00 41.00 17.00 [+]
Ease of Doing Business 92.00 92.00 96.00 10.00 [+]
Corruption Index 49.00 49.00 52.00 33.00 Points [+]
Corruption Rank 58.00 57.00 80.00 46.00 [+]
Steel Production 440.00 440.00 558.00 7.00 Thousand Tonnes [+]


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. This page provides - Saudi Arabia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Business Confidence - actual data, historical chart and calendar of releases - was last updated on October of 2019.

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




Country Last Previous
Australia 0.00 Sep/19
Brazil 59.40 Sep/19
Canada 48.70 Sep/19
China 49.80 Sep/19
Euro Area -0.22 Sep/19
France 102.00 Sep/19
Germany 94.60 Sep/19
India 112.80 Sep/19
Indonesia 108.81 Jun/19
Italy 98.80 Sep/19
Japan 5.00 Sep/19
Mexico 50.30 Sep/19
Netherlands 3.30 Sep/19
Russia -2.00 Sep/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 21.00 Sep/19
South Korea 71.00 Sep/19
Spain -5.30 Sep/19
Switzerland 93.20 Sep/19
Turkey 98.80 Sep/19
United Kingdom -32.00 Sep/19
United States 47.80 Sep/19


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