Markets Actual Q1 Q2 Q3 Q4 2022
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 8846.95 8663 8454 8250 8051 7653

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 1.80 1 1.5 0.5 1 1
GDP Annual Growth Rate (%) -4.60 2.2 4.5 3.5 3 2.5
Unemployment Rate (%) 8.50 10.5 11 10.6 10.2 8.5
Inflation Rate (%) 5.30 7 9.1 4.3 4.2 5
Interest Rate (%) 1.00 1 1 1 1 1
Balance of Trade (Million SAR) 55070.00 129000 64741 71487 129000 129000
Current Account (USD Million) 2321.00 3000 3500 4500 4500 6500
Current Account to GDP (%) 6.30 1 1 1 1 2
Government Debt to GDP (%) 22.80 33 33 33 33 34
Government Budget (% of GDP) -4.50 -5 -5 -5 -5 -5
Manufacturing PMI (points) 57.00 55 56 55 58 57
Consumer Confidence (points) 104.00 110 113 111 106 106
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 2022
GDP Growth Rate (%) 1.80 1 1.5 0.5 1 1
GDP Annual Growth Rate (%) -4.60 2.2 4.5 3.5 3 2.5
GDP (USD Billion) 792.97 790 790 790 790 820
GDP Constant Prices (SAR Million) 621425.00 674685 668419 624741 727788 694925
Gross Fixed Capital Formation (SAR Million) 140587.00 166248 154971 143576 198089 171236
GDP per capita (USD) 20542.20 21162 21162 21162 21162 21287
GDP per capita PPP (USD) 46962.10 48950 48950 48950 48950 50100
GDP From Agriculture (SAR Million) 15595.00 13311 16486 15296 16304 13711
GDP From Construction (SAR Million) 30163.00 30084 30494 28428 30825 30986
GDP From Manufacturing (SAR Million) 70125.00 77325 75430 70402 85639 79645
GDP From Mining (SAR Million) 231074.00 252870 252811 248313 284971 260456
GDP From Transport (SAR Million) 37101.00 42720 43422 34829 39975 44002
GDP From Utilities (SAR Million) 14389.00 5814 3915 8947 16308 5989

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 8.50 10.5 11 10.6 10.2 8.5
Unemployed Persons 1002855.00 1063306 1031467 1025772 1050530 954030
Population (Million) 34.22 35.81 35.81 35.81 35.81 36.61
Labor Force Participation Rate (%) 59.40 58 58 58 60 60
Employed Persons (Thousand) 13391.00 10500 10500 10500 10500 10500
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 60.00 60 60 60 60 60

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 5.30 7 9.1 4.3 4.2 5
Consumer Price Index CPI (points) 103.80 104 106 107 111 109
Food Inflation (%) 12.70 3.5 1 2.3 3 3
Inflation Rate Mom (%) -0.20 0.1 0.1 0.1 0.1 0.1
Cpi Housing Utilities (points) 90.10 96.99 97.69 98.44 111 101
CPI Transportation (points) 106.90 106 108 102 124 110
GDP Deflator (points) 112.10 119 120 122 117 124
Producer Prices (points) 127.50 127 128 130 121 133
Producer Prices Change (%) 5.20 5.8 11 3.1 4.9 3.5

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 1.00 1 1 1 1 1
Money Supply M0 (SAR Million) 349694.00 387989 396921 405853 414786 450516
Money Supply M1 (SAR Million) 1464307.00 1609204 1659435 1709665 1759896 1960817
Interbank Rate (%) 0.84 0.84 0.84 0.84 3.19 0.84
Money Supply M2 (SAR Million) 1935791.00 2022949 2073256 2123562 2173869 2374537
Money Supply M3 (SAR Million) 2138993.00 2215805 2266941 2318077 2369214 2573759
Banks Balance Sheet (Million SAR) 2967729.84 3103265 3199274 3295284 3391294 3775332
Foreign Exchange Reserves (SAR Million) 1713605.00 1566845 1519797 1456803 1519797 1330106
Deposit Interest Rate (%) 1.65 6 1.65 1.65 1.65 1.65
Loan Growth (%) 14.90 6.5 6 5 3.5 3.5
Loans To Private Sector (SAR Million) 1755046.13 1523321 1669473 1747173 1784125 1569021
Central Bank Balance Sheet (Million SAR) 1858604.00 1669504 1721189 1772875 1826246 1882988
Reverse Repo Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (Million SAR) 55070.00 129000 64741 71487 129000 129000
Current Account (USD Million) 2321.00 3000 3500 4500 4500 6500
Current Account to GDP (%) 6.30 1 1 1 1 2
Imports (Million SAR) 103379.00 134904 132550 129500 133000 133000
Exports (Million SAR) 158449.00 199645 204037 214500 237666 237666
Tourism Revenues (USD Million) 19849.00 15606 15606 15606 15606 16029
Crude Oil Production (BBL/D/1K) 8980.00 11000 11000 11000 11000 11000
Foreign Direct Investment (USD Million) 1034.00 1228 1269 1315 1351 1515
Tourist Arrivals (Thousand ) 16214.00 19500 19500 19500 19500 21000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 22.80 33 33 33 33 34
Government Budget (% of GDP) -4.50 -5 -5 -5 -5 -5
Government Spending (SAR Million) 179780.00 207889 171015 176823 208763 214126
Government Revenues (SAR Million) 926846.00 654732 654732 654732 654732 730132
Fiscal Expenditure (SAR Million) 1059445.00 1191292 1191292 1191292 1191292 1245349
Military Expenditure (USD Million) 65843.00 63750 63750 63750 63750 71350
Government Budget Value (SAR Million) -132599.00 -284629 -284629 -284629 -284629 -334271

Taxes Actual Q1 Q2 Q3 Q4 2022
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 (%) 15.00 15 15 15 15 10

Business Actual Q1 Q2 Q3 Q4 2022
Manufacturing PMI (points) 57.00 55 56 55 58 57
Industrial Production (%) -13.40 -11 25 15 10 5
Manufacturing Production (%) -20.50 5.5 9.5 6.5 10.5 10.5
Mining Production (%) -11.20 3.5 6.5 1 2.5 2.5
Industrial Production Mom (%) 10.20 1.8 1.8 1.5 1.2 0.3
Steel Production (Thousand Tonnes) 720.00 590 600 610 650 650

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 104.00 110 113 111 106 106
Consumer Spending (SAR Million) 295709.00 288982 295329 254495 301003 297652
Households Debt To GDP (% of GDP) 12.80 14.5 14.5 13.2 13.5 13.5
Gasoline Prices (USD/Liter) 0.41 0.48 0.34 0.33 0.46 0.46

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (points) 80.50 81 82 82 85 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.