Markets Actual Q2 Q3 Q4 Q1 2020
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 9227.93 8686 8584 8484 8385 8189
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.60 0.5 0.6 0.8 0.8 0.5
GDP Annual Growth Rate (%) 3.60 1.9 1.7 1.2 2.1 2.3
Unemployment Rate (%) 6.00 6.1 6.1 6.1 5.9 5.9
Inflation Rate (%) -2.10 -1.8 -1.8 -1.7 2.5 3.1
Interest Rate (%) 3.00 3 3 3 3 3
Balance of Trade (Million SAR) 180059.00 130500 124500 116000 132000 129000
Current Account (USD Million) 18521.00 6200 6000 6500 4500 5290
Current Account to GDP (%) 8.30 3.4 3.4 3.4 2.7 2.7
Government Debt to GDP (%) 17.20 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 56.80 56.9 57.5 57.9 56.5 56.9
Consumer Confidence (Index Points) 109.00 106 106 105 107 109
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 (%) 1.60 0.5 0.6 0.8 0.8 0.5
GDP Annual Growth Rate (%) 3.60 1.9 1.7 1.2 2.1 2.3
GDP (USD Billion) 683.83 758 758 758 780 780
GDP Constant Prices (SAR Million) 682514.00 645321 659271 690704 696847 706590
Gross Fixed Capital Formation (SAR Million) 185766.00 154515 134289 187995 189667 192319
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 16116 15389 15579 15533 15937
GDP From Construction (SAR Million) 28856.00 27396 29095 29454 29368 30132
GDP From Manufacturing (SAR Million) 80778.00 79728 80833 81832 81592 83714
GDP From Mining (SAR Million) 268793.00 259120 268977 272301 271503 278564
GDP From Transport (SAR Million) 41435.00 37488 37731 38197 38085 39076
GDP From Utilities (SAR Million) 6092.00 10024 15393 15583 15538 15942
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 6.00 6.1 6.1 6.1 5.9 5.9
Unemployed Persons 847917.00 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 (%) -2.10 -1.8 -1.8 -1.7 2.5 3.1
Consumer Price Index CPI (Index Points) 107.90 105 105 104 108 108
Food Inflation (%) 1.40 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) 113.20 109 107 104 107 108
CPI Transportation (Index Points) 119.60 117 117 117 122 121
Producer Prices (Index Points) 116.50 116 116 116 118 119
Producer Prices Change (%) -0.40 -0.2 -0.3 -0.4 1.5 2.5
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 3.00 3 3 3 3 3
Interbank Rate (%) 2.94 2.94 2.94 2.94 2.94 2.94
Money Supply M2 (SAR Million) 1645643.00 1656908 1668531 1688446 1720402 1722215
Foreign Exchange Reserves (SAR Million) 1817241.00 1870000 1880000 1890000 1890000 1900000
Banks Balance Sheet (Million SAR) 2344974.37 2340000 2345000 2410000 2410000 2640000
Deposit Interest Rate (%) 3.40 3.63 3.88 3.25 3.25 6
Loan Growth (%) 3.00 2.5 2.8 3 3.3 3.5
Loans To Banks (SAR Million) 33388.00 63000 76000 82000 82000 87000
Loans To Private Sector (SAR Million) 1441792.85 1456000 1460000 1480000 1480000 1496000
Central Bank Balance Sheet (Million SAR) 1844400.00 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 132000 129000
Current Account (USD Million) 18521.00 6200 6000 6500 4500 5290
Current Account to GDP (%) 8.30 3.4 3.4 3.4 2.7 2.7
Imports (Million SAR) 110449.00 129500 127500 129000 128000 131000
Exports (Million SAR) 290508.00 260000 252000 245000 260000 260000
Tourism Revenues (USD Million) 14848.00 11900 12200 12600 13500 13500
Crude Oil Production (BBL/D/1K) 9787.00 10200 10150 10000 9900 10100
Foreign Direct Investment (USD Million) 829.00 1000 1300 1800 1800 2430
Tourist Arrivals (Thousand ) 16119.00 18200 18600 19230 21230 21230
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 17.20 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 185169 158262 198125 199887 202682
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 56.80 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 (%) 4.17 0.5 0.6 0.7 0.7 0.8
Manufacturing Production (%) 16.44 6.8 7 7.2 7.2 9.4
Mining Production (%) 1.95 1.2 0.9 0.5 0.5 0.3
Steel Production (Thousand Tonnes) 448.00 435 435 440 440 500
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 109.00 106 106 105 107 109
Consumer Spending (SAR Million) 282278.00 282396 281670 285665 288206 292236
Households Debt To GDP (% of GDP) 12.10 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.