Markets Actual Q2 Q3 Q4 Q1 2020
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 8687.08 8403 8300 8199 8100 7903
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.07 0.5 0.6 0.8 0.8 0.5
GDP Annual Growth Rate (%) 3.60 2.3 2.4 2 2.1 2.5
Unemployment Rate (%) 6.00 6.1 6.1 6.1 5.9 5.9
Inflation Rate (%) -1.50 -1.8 -1.8 -1.7 2.5 3.1
Interest Rate (%) 3.00 3 2.75 2.75 2.5 2.75
Balance of Trade (Million SAR) 180059.00 130500 124500 116000 122000 132000
Current Account (USD Million) 18521.00 6200 6000 6500 4500 5290
Current Account to GDP (%) 9.20 3.4 3.4 3.4 2.7 2.7
Government Debt to GDP (%) 19.10 20 20 20 22 22
Government Budget (% of GDP) -9.20 -7.8 -7.8 -7.8 -5.6 -5.6
Business Confidence (Index Points) 3.00 5 5 5 5 5
Manufacturing PMI 57.30 56.9 57.5 57.9 56.5 56.9
Consumer Confidence (Index Points) 112.00 106 106 105 107 109
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.07 0.5 0.6 0.8 0.8 0.5
GDP Annual Growth Rate (%) 3.60 2.3 2.4 2 2.1 2.5
GDP (USD Billion) 683.83 758 758 758 780 780
GDP Constant Prices (SAR Million) 682514.00 646599 661559 696164 696847 713568
Gross Fixed Capital Formation (SAR Million) 185766.00 154821 134755 189481 189667 194218
GDP per capita (USD) 20796.32 21700 21700 21700 22000 22000
GDP per capita PPP (USD) 49045.41 49196 49196 49196 49304 49304
GDP From Agriculture (SAR Million) 13397.00 16316 15579 13665 13678 14007
GDP From Construction (SAR Million) 28856.00 27423 29109 29433 29462 30169
GDP From Manufacturing (SAR Million) 80778.00 79807 80873 82394 82474 84453
GDP From Mining (SAR Million) 268793.00 259377 269110 274169 274438 281023
GDP From Transport (SAR Million) 41435.00 37525 37750 42264 42305 43320
GDP From Utilities (SAR Million) 6092.00 10034 15401 6214 6220 6369
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 6.00 6.1 6.1 6.1 5.9 5.9
Unemployed Persons 970229.00 810000 815000 820000 820000 812000
Population (Million) 33.41 34.21 34.21 34.21 35.01 35.01
Labor Force Participation Rate (%) 55.90 57.7 57.8 58 58 58.4
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) -1.50 -1.8 -1.8 -1.7 2.5 3.1
Consumer Price Index CPI (Index Points) 105.70 105 105 104 108 108
Food Inflation (%) 1.80 1 0.7 0.5 1.5 2.6
Inflation Rate Mom (%) 0.10 0.1 -0.1 -0.2 0.2 0.2
Cpi Housing Utilities (Index Points) 103.20 109 107 104 107 108
CPI Transportation (Index Points) 119.70 117 117 117 122 121
Producer Prices (Index Points) 116.90 118 118 118 119 121
Producer Prices Change (%) 1.10 1.4 1 1 1.5 2.5
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 3.00 3 2.75 2.75 2.5 2.75
Interbank Rate (%) 2.86 2.86 2.61 2.61 2.36 2.61
Money Supply M2 (SAR Million) 1661233.00 1656908 1668531 1688446 1720402 1722215
Foreign Exchange Reserves (SAR Million) 1894071.00 1870000 1880000 1890000 1890000 1900000
Banks Balance Sheet (Million SAR) 2376667.00 2340000 2345000 2410000 2410000 2640000
Deposit Interest Rate (%) 3.40 3.4 3.15 3.15 2.9 3.15
Loan Growth (%) 2.00 2.5 2.8 3 3.3 3.5
Loans To Banks (SAR Million) 28540.00 63000 76000 82000 82000 87000
Loans To Private Sector (SAR Million) 1457126.00 1460183 1476329 1463589 1480069 1500179
Central Bank Balance Sheet (Million SAR) 1919486.00 1985000 1990000 19950000 19950000 2000000
Reverse Repo Rate (%) 2.50 2.5 2.5 2.5 2.5 2.5
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (Million SAR) 180059.00 130500 124500 116000 122000 132000
Current Account (USD Million) 18521.00 6200 6000 6500 4500 5290
Current Account to GDP (%) 9.20 3.4 3.4 3.4 2.7 2.7
Imports (Million SAR) 110449.00 129500 127500 129000 128000 132000
Exports (Million SAR) 290508.00 260000 252000 245000 250000 264000
Tourism Revenues (USD Million) 14848.00 11900 12200 12600 13500 13500
Crude Oil Production (BBL/D/1K) 9670.00 9890 10150 10000 9900 10100
Foreign Direct Investment (USD Million) 829.00 1000 1300 1800 2100 2430
Tourist Arrivals (Thousand ) 16119.00 18200 18600 19230 21230 21230
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 19.10 20 20 20 22 22
Government Budget (% of GDP) -9.20 -7.8 -7.8 -7.8 -5.6 -5.6
Government Spending (SAR Million) 195776.00 185535 158811 199692 199887 204684
Taxes Actual Q2 Q3 Q4 Q1 2020
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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 3.00 5 5 5 5 5
Manufacturing PMI 57.30 56.9 57.5 57.9 56.5 56.9
Industrial Production (%) 2.34 4.5 4.1 3.8 4.1 4.3
Changes in Inventories (SAR Million) -6297.00 41500 42000 42500 42500 42900
Industrial Production Mom (%) -0.35 0.5 0.6 0.7 0.7 0.8
Manufacturing Production (%) 3.71 6.8 7 7.2 7.2 9.4
Mining Production (%) 3.39 1.2 0.9 0.5 0.5 0.3
Steel Production (Thousand Tonnes) 480.00 435 435 440 440 500
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 112.00 106 106 105 107 109
Consumer Spending (SAR Million) 282278.00 282955 282648 287924 288206 295122
Households Debt To GDP (% of GDP) 11.60 13.3 13.2 13.3 13.3 13.1
Gasoline Prices (USD/Liter) 0.54 0.52 0.51 0.5 0.48 0.48
Housing Actual Q2 Q3 Q4 Q1 2020
Housing Index (Index Points) 80.40 81 82 82 82 85


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.