Markets Actual Q1 Q2 Q3 Q4 2020
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 8433.91 7698 7607 7517 7428 7254
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.05 0.6 0.5 0.6 0.8 0.5
GDP Annual Growth Rate (%) 2.50 2 2.1 2.3 2.4 2.3
Unemployment Rate (%) 6.00 6 6.1 6.1 6.1 5.9
Inflation Rate (%) 2.80 1.6 2 2.1 2 3.1
Interest Rate (%) 3.00 3 3.25 3.25 3.5 4
Balance of Trade (Million SAR) 184673.00 150000 135500 126500 95000 97000
Current Account (USD Million) 29583.00 6800 6200 6000 6500 5290
Current Account to GDP (%) 2.20 9.1 8.6 8.6 8.6 6.3
Government Debt to GDP (%) 17.20 20 20 20 20 22
Government Budget (% of GDP) -8.90 -1.9 -1.9 -1.9 -1.9 -2.2
Business Confidence (Index Points) 3.00 5 5 5 5 5
Manufacturing PMI 54.50 53.1 54.2 56 56.5 57
Consumer Confidence (Index Points) 106.00 110 106 106 105 109
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 2020
GDP Growth Rate (%) -0.05 0.6 0.5 0.6 0.8 0.5
GDP Annual Growth Rate (%) 2.50 2 2.1 2.3 2.4 2.3
GDP (USD Billion) 683.83 758 758 758 758 780
GDP Constant Prices (SAR Million) 653714.00 654237 645960 661232 669403 684799
Gross Fixed Capital Formation (SAR Million) 133157.00 603729 154668 134688 136353 139489
GDP per capita (USD) 20796.32 21700 21700 21700 21700 22000
GDP per capita PPP (USD) 49045.41 50405 50405 49196 49196 49304
GDP From Agriculture (SAR Million) 15214.00 16224 16116 15389 15579 15937
GDP From Construction (SAR Million) 28764.00 29410 27680 29426 29454 30132
GDP From Manufacturing (SAR Million) 79914.00 82308 79728 80833 81832 83714
GDP From Mining (SAR Million) 265919.00 257166 261813 272035 272301 278564
GDP From Transport (SAR Million) 37302.00 38724 37488 37731 38197 39076
GDP From Utilities (SAR Million) 15218.00 3757 10024 15393 15583 15942
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 6.00 6 6.1 6.1 6.1 5.9
Unemployed Persons 847917.00 790000 810000 815000 820000 810000
Population (Million) 32.61 34 34 34 34 34.5
Labor Force Participation Rate (%) 56.20 57.5 57.7 57.8 58 58.5
Employed Persons (Thousand) 11168.50 11350 11350 11350 11350 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 2020
Inflation Rate (%) 2.80 1.6 2 2.1 2 3.1
Consumer Price Index CPI (Index Points) 106.50 110 110 109 109 112
Food Inflation (%) 7.70 4.8 4.7 4.2 4.3 3.9
Inflation Rate Mom (%) -0.20 0.1 0.1 0.2 0.1 0.2
GDP Deflator (Index Points ) 126.49 141 141 141 141 146
Cpi Housing Utilities (Index Points) 106.80 115 113 111 109 112
CPI Transportation (Index Points) 119.20 122 122 122 122 125
Producer Prices (Index Points) 116.90 120 120 119 119 122
Producer Prices Change (%) 16.20 2.7 2.4 2.3 2.2 2.5
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 3.00 3 3.25 3.25 3.5 4
Money Supply M0 (SAR Million) 310686.00 315000 319000 321000 324000 355000
Money Supply M1 (SAR Million) 1205891.00 1250000 1280000 1290000 1316269 1313443
Interbank Rate (%) 2.81 2.81 3.06 3.06 3.31 3.31
Money Supply M2 (SAR Million) 1628223.00 1680000 1700000 1720000 1743033 1792800
Money Supply M3 (SAR Million) 1803690.00 1840000 1843000 1847000 1850000 1880000
Foreign Exchange Reserves (SAR Million) 1891405.00 1880000 1870000 1880000 1890000 1900000
Banks Balance Sheet (Million SAR) 2332630.72 2320000 2340000 2345000 2410000 2640000
Deposit Interest Rate (%) 3.13 2.9 3.63 3.88 3.25 6
Loan Growth (%) 2.30 2 2.5 2.8 3 3.5
Loans To Banks (SAR Million) 48055.00 57000 63000 76000 82000 87000
Loans To Private Sector (SAR Million) 1447532.40 1450000 1456000 1460000 1480000 1496000
Central Bank Balance Sheet (Million SAR) 1924183.00 1980000 1985000 1990000 19950000 2000000
Reverse Repo Rate (%) 2.50 2.25 2.5 2.5 2.5 3
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (Million SAR) 184673.00 150000 135500 126500 95000 97000
Current Account (USD Million) 29583.00 6800 6200 6000 6500 5290
Current Account to GDP (%) 2.20 9.1 8.6 8.6 8.6 6.3
Imports (Million SAR) 101438.00 130000 129500 127500 126000 131000
Exports (Million SAR) 286111.00 280000 265000 254000 245000 260000
Capital Flows (USD Million) 27408.00 -3600 -4000 -2000 1000 1500
Tourism Revenues (USD Million) 14848.00 11890 11900 12200 12600 13500
Crude Oil Production (BBL/D/1K) 10643.00 10200 10200 10150 10000 10200
Foreign Direct Investment (USD Million) 779.00 800 1000 1300 1800 2430
Tourist Arrivals (Thousand ) 16119.00 17500 18200 18600 19230 21230
Remittances (SAR Million) 29872.00 32300 32400 32280 33500 36800
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 17.20 20 20 20 20 22
Government Budget (% of GDP) -8.90 -1.9 -1.9 -1.9 -1.9 -2.2
Government Spending (SAR Million) 156928.00 643598 187278 160537 160694 164390
Government Revenues (SAR Million) 691505.00 640000 640000 640000 640000 650000
Fiscal Expenditure (SAR Million) 929999.00 1000000 1000000 1000000 1000000 970000
Government Budget Value (SAR Million) -238494.00 -360000 -360000 -360000 -360000 -320000
Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 3.00 5 5 5 5 5
Manufacturing PMI 54.50 53.1 54.2 56 56.5 57
Industrial Production (%) 5.84 4 4.5 4.1 3.8 4.3
Changes in Inventories (SAR Million) 43955.00 41000 41500 42000 42500 42900
Industrial Production Mom (%) 4.17 0.5 0.5 0.6 0.7 0.8
Manufacturing Production (%) 16.44 6.5 6.8 7 7.2 9.4
Mining Production (%) 1.95 1.5 1.2 0.9 0.5 0.1
Steel Production (Thousand Tonnes) 470.00 436 435 435 440 500
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 106.00 110 106 106 105 109
Consumer Spending (SAR Million) 279296.00 279698 282675 282508 285999 292577
Households Debt To GDP (% of GDP) 12.10 13.4 13.3 13.2 13.3 13.1
Gasoline Prices (USD/Liter) 0.54 0.51 0.5 0.49 0.47 0.47
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (Index Points) 82.30 81 81 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.