Markets Actual Q1 Q2 Q3 Q4 2021
Currency 3.76 3.76 3.76 3.76 3.76 3.76
Stock Market (points) 6377.59 6223 6073 5926 5784 5498

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) -0.70 0.9 0.8 0.8 0.9 1
GDP Annual Growth Rate (%) -0.30 -0.3 -1.2 1.5 2.1 2.2
Unemployment Rate (%) 5.50 5.8 5.5 5.6 5.5 5.5
Inflation Rate (%) 1.20 1.3 1.4 2.3 2.5 2.3
Interest Rate (%) 1.00 1 0.75 0.75 0.75 1
Balance of Trade (Million SAR) 121276.00 80850 86000 128000 132000 138000
Current Account (USD Million) 12417.00 4500 5800 6800 7500 11500
Current Account to GDP (%) 9.00 1.5 1.5 1.5 1.5 -0.5
Government Debt to GDP (%) 19.10 24 24 24 24 27
Government Budget (% of GDP) -9.20 -6.5 -6.5 -6.5 -6.5 -8.5
Manufacturing PMI (points) 52.50 49 46 51 52 54
Consumer Confidence (points) 119.00 107 108 107 109 106
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) -0.70 0.9 0.8 0.8 0.9 1
GDP Annual Growth Rate (%) -0.30 -0.3 -1.2 1.5 2.1 2.2
GDP (USD Billion) 785.00 790 790 790 790 820
GDP Constant Prices (SAR Million) 651392.00 659694 638922 656277 665071 679703
Gross Fixed Capital Formation (SAR Million) 156173.00 152165 178605 157344 159453 162961
GDP per capita (USD) 20912.00 21037 21037 21037 21037 21162
GDP per capita PPP (USD) 48995.60 46756 46756 46756 46756 47651
GDP From Agriculture (SAR Million) 15493.00 16151 16131 15609 15818 16166
GDP From Construction (SAR Million) 30093.00 29155 28376 30319 30725 31401
GDP From Manufacturing (SAR Million) 77996.00 80763 75713 78581 79634 81386
GDP From Mining (SAR Million) 248926.00 254052 247215 250793 254153 259745
GDP From Transport (SAR Million) 39607.00 40767 39574 39904 40439 41328
GDP From Utilities (SAR Million) 14382.00 3818 9234 14490 14684 15007

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 5.50 5.8 5.5 5.6 5.5 5.5
Unemployed Persons 1002855.00 1000000 940000 930000 930000 900000
Population (Million) 34.22 35.01 35.01 35.01 35.01 35.81
Labor Force Participation Rate (%) 58.40 59 59.2 59.2 59.5 60
Employed Persons (Thousand) 10085.90 11200 11200 11200 11200 11200
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 1.20 1.3 1.4 2.3 2.5 2.3
Consumer Price Index CPI (points) 98.70 98.67 99.07 101 101 103
Food Inflation (%) 3.40 1.5 1.9 2.3 2.6 2.6
Inflation Rate Mom (%) 0.30 0.3 0.2 0.2 0.2 0.1
Cpi Housing Utilities (points) 91.50 92.99 92.07 92.99 93.79 95.95
CPI Transportation (points) 100.40 98.16 99.88 102 102 105
GDP Deflator (points) 112.10 114 114 115 115 118
Producer Prices (points) 121.70 123 124 123 124 128
Producer Prices Change (%) 4.50 4.7 4 2.3 2.5 2.8

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 1.00 1 0.75 0.75 0.75 1
Money Supply M0 (SAR Million) 330486.00 330571 333628 336685 339742 351969
Money Supply M1 (SAR Million) 1325714.00 1328199 1352432 1376666 1400899 1497833
Interbank Rate (%) 2.19 2.19 1.94 1.94 1.94 2.19
Money Supply M2 (SAR Million) 1791108.00 1763683 1789090 1814497 1839904 1941533
Money Supply M3 (SAR Million) 1968399.00 1978907 2003423 2040464 2077505 2225671
Banks Balance Sheet (Million SAR) 2622174.11 2525000 2570000 2595000 2640000 2760000
Foreign Exchange Reserves (SAR Million) 1881889.00 1850000 1870000 1890000 1900000 1920000
Deposit Interest Rate (%) 1.30 1.3 1.05 1.05 1.05 1.3
Loan Growth (%) 9.60 9.5 6.9 6.8 5 3.5
Loans To Private Sector (SAR Million) 1564575.72 1447453 1456239 1510259 1578996 1613734
Central Bank Balance Sheet (Million SAR) 1913822.00 1997500 1999500 2000000 2000000 2130000
Reverse Repo Rate (%) 1.25 1.25 1 1 1 1.75

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (Million SAR) 121276.00 80850 86000 128000 132000 138000
Current Account (USD Million) 12417.00 4500 5800 6800 7500 11500
Current Account to GDP (%) 9.00 1.5 1.5 1.5 1.5 -0.5
Imports (Million SAR) 117252.00 119000 130500 131000 132000 133000
Exports (Million SAR) 238528.00 199850 216500 259000 264000 271000
Tourism Revenues (USD Million) 16975.00 14759 14759 14759 14759 15606
Crude Oil Production (BBL/D/1K) 9784.00 10300 13000 11100 11000 10500
Foreign Direct Investment (USD Million) 1041.00 1800 2000 2100 2100 2500
Tourist Arrivals (Thousand ) 17570.00 24101 24101 24101 24101 24977

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 19.10 24 24 24 24 27
Government Budget (% of GDP) -9.20 -6.5 -6.5 -6.5 -6.5 -8.5
Government Spending (SAR Million) 173466.00 151384 172003 174767 177109 181005
Government Revenues (SAR Million) 894711.00 650000 650000 650000 650000 650000
Fiscal Expenditure (SAR Million) 1030415.00 970000 970000 970000 970000 970000
Military Expenditure (USD Million) 65843.00 99732 99732 99732 99732 99732
Government Budget Value (SAR Million) -135704.00 -320000 -320000 -320000 -320000 -320000

Taxes Actual Q1 Q2 Q3 Q4 2021
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
Social Security Rate (%) 22.00 22 22 22 22 22
Social Security Rate For Companies (%) 12.00 12 12 12 12 12
Social Security Rate For Employees (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 5.00 5 5 5 5 5

Business Actual Q1 Q2 Q3 Q4 2021
Manufacturing PMI (points) 52.50 49 46 51 52 54
Industrial Production (%) -6.70 -3.6 -5.8 -3.4 -5.1 2.5
Manufacturing Production (%) -12.80 11 6.5 9 9.4 10.5
Mining Production (%) -4.70 0.4 0.2 0.2 0.3 0.3
Industrial Production Mom (%) -0.13 -1.4 0.4 1.6 2.3 1.2
Steel Production (Thousand Tonnes) 423.00 470 490 480 500 500

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) 119.00 107 108 107 109 106
Consumer Spending (SAR Million) 290242.00 284406 287626 292419 296337 302856
Households Debt To GDP (% of GDP) 11.50 13.1 13.1 13.5 13.5 13.5
Gasoline Prices (USD/Liter) 0.55 -0.55 -0.52 -0.5 -0.46 -0.46

Housing Actual Q1 Q2 Q3 Q4 2021
Housing Index (points) 80.10 82 83 84 85 90


This page has economic forecasts for Saudi Arabia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Saudi Arabia economy.