Markets Actual Q4 Q1 Q2 Q3 2020
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 7631.02 7987 7883 7780 7679 7481
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.00 0.6 0.9 0.8 0.8 0.9
GDP Annual Growth Rate (%) 0.50 0.9 1.5 2.3 2.7 2.5
Unemployment Rate (%) 5.60 6 6 5.8 5.9 5.9
Inflation Rate (%) -1.10 0.3 2.5 2.7 2.9 3.1
Interest Rate (%) 2.50 2.25 2.25 2 2 2
Balance of Trade (Million SAR) 127500.00 116000 132000 132000 135500 129000
Current Account (USD Million) 12407.00 6500 4500 4800 5000 5290
Current Account to GDP (%) 9.20 6 5 5 5 5
Government Debt to GDP (%) 19.10 22 24 24 24 24
Government Budget (% of GDP) -9.20 -7.8 -5.6 -5.6 -5.6 -5.6
Business Confidence (Index Points) 3.00 5 5 5 5 5
Manufacturing PMI 57.30 56.7 56.5 57.5 56.9 56.9
Consumer Confidence (Index Points) 114.00 105 107 108 111 109
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.00 0.6 0.9 0.8 0.8 0.9
GDP Annual Growth Rate (%) 0.50 0.9 1.5 2.3 2.7 2.5
GDP (USD Billion) 782.48 785 800 800 800 800
GDP Constant Prices (SAR Million) 642779.00 690704 696847 670595 657563 706590
Gross Fixed Capital Formation (SAR Million) 179683.00 187995 189667 154680 155899 192319
GDP per capita (USD) 20775.20 21700 22000 22000 22000 22000
GDP per capita PPP (USD) 48995.60 49196 49304 49304 49304 49304
GDP From Agriculture (SAR Million) 16228.00 15579 15533 16418 16601 15937
GDP From Construction (SAR Million) 28547.00 29454 29368 29637 29204 30132
GDP From Manufacturing (SAR Million) 76170.00 81832 81592 82097 77922 83714
GDP From Mining (SAR Million) 248707.00 272301 271503 258251 254427 278564
GDP From Transport (SAR Million) 39813.00 38197 38085 41440 40729 39076
GDP From Utilities (SAR Million) 9290.00 15583 15538 3881 9504 15942
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 5.60 6 6 5.8 5.9 5.9
Unemployed Persons 1002855.00 820000 815000 815000 812000 812000
Population (Million) 33.41 33.72 34.02 34.02 34.02 34.02
Labor Force Participation Rate (%) 57.90 58 58 58.2 58.2 58.4
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) -1.10 0.3 2.5 2.7 2.9 3.1
Consumer Price Index CPI (Index Points) 106.10 104 108 108 109 108
Food Inflation (%) 1.00 1.1 1.5 1.9 2.3 2.6
Inflation Rate Mom (%) 0.10 0.2 0.2 0.1 0.3 0.2
Cpi Housing Utilities (Index Points) 102.40 104 107 107 106 108
CPI Transportation (Index Points) 121.00 117 122 121 124 121
Producer Prices (Index Points) 120.00 116 119 121 122 118
Producer Prices Change (%) 2.70 3.2 3.5 2.3 2.3 2.5
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 2.50 2.25 2.25 2 2 2
Interbank Rate (%) 2.48 2.48 2.48 2.23 2.23 2.23
Money Supply M2 (SAR Million) 1711058.00 1698446 1720402 1728000 1734000 1722215
Foreign Exchange Reserves (SAR Million) 1904798.00 1890000 1850000 1870000 1890000 1900000
Banks Balance Sheet (Million SAR) 2512797.19 2410000 2425000 2510000 2545000 2640000
Deposit Interest Rate (%) 3.40 3.4 3.4 3.15 3.15 3.15
Loan Growth (%) 2.40 3 3.3 3.4 3.5 3.5
Loans To Private Sector (SAR Million) 1487015.30 1480000 1447805 1471371 1498725 1496000
Central Bank Balance Sheet (Million SAR) 1943897.00 1995000 1997500 1999500 2000000 2000000
Reverse Repo Rate (%) 2.00 2.25 2 2 2.25 2.25
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (Million SAR) 127500.00 116000 132000 132000 135500 129000
Current Account (USD Million) 12407.00 6500 4500 4800 5000 5290
Current Account to GDP (%) 9.20 6 5 5 5 5
Imports (Million SAR) 127699.00 119000 128000 130500 131000 132000
Exports (Million SAR) 255199.00 240000 252000 266000 259000 264000
Tourism Revenues (USD Million) 14848.00 14600 14500 14800 14600 14900
Crude Oil Production (BBL/D/1K) 9129.00 8000 9000 10000 10000 10100
Foreign Direct Investment (USD Million) 1072.00 1800 2100 2200 2300 2430
Tourist Arrivals (Thousand ) 16109.00 19230 21230 21230 21230 21230
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 19.10 22 24 24 24 24
Government Budget (% of GDP) -9.20 -7.8 -5.6 -5.6 -5.6 -5.6
Government Spending (SAR Million) 173041.00 198125 199887 153885 177021 202682
Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 3.00 5 5 5 5 5
Manufacturing PMI 57.30 56.7 56.5 57.5 56.9 56.9
Industrial Production (%) 1.40 1.5 3.8 3.9 4 4.3
Industrial Production Mom (%) -2.90 0.7 0.7 0.8 0.7 0.8
Manufacturing Production (%) -10.90 11 11 6.5 9 9.4
Mining Production (%) 7.30 0.5 0.4 0.2 0.2 0.3
Steel Production (Thousand Tonnes) 440.00 440 470 490 480 500
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 114.00 105 107 108 111 109
Consumer Spending (SAR Million) 289362.00 285665 288206 289105 296017 292236
Households Debt To GDP (% of GDP) 11.40 13.3 13.1 13.1 13.1 13.1
Gasoline Prices (USD/Liter) 0.58 0.5 0.48 0.5 0.49 0.48
Housing Actual Q4 Q1 Q2 Q3 2020
Housing Index (Index Points) 80.40 82 82 83 83 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.