Markets Actual Q2 Q3 Q4 Q1 2022
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 10228.35 9982 9741 9506 9277 8819

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 2.50 1 1.5 1 1 1
GDP Annual Growth Rate (%) -3.90 4.5 3.5 2.5 3.1 2.5
Unemployment Rate (%) 7.40 8.5 8 8 7.5 7.5
Inflation Rate (%) 4.90 6.7 1.2 2 2.1 2
Interest Rate (%) 1.00 1 1 1 1 1
Balance of Trade (Million SAR) 57956.00 64741 71487 129000 129000 104666
Current Account (USD Million) 3349.00 3500 5500 6500 9500 9500
Current Account to GDP (%) 6.30 -1.5 -1.5 -1.5 1 1
Government Debt to GDP (%) 22.80 34 34 34 34 34
Government Budget (% of GDP) -4.50 -6.5 -6.5 -6.5 -4.5 -4.5
Manufacturing PMI (points) 55.20 56 55 58 60 57
Consumer Confidence (points) 114.00 113 120 115 110 110
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 2022
GDP Growth Rate (%) 2.50 1 1.5 1 1 1
GDP Annual Growth Rate (%) -3.90 4.5 3.5 2.5 3.1 2.5
GDP (USD Billion) 792.97 790 790 790 820 820
GDP Constant Prices (SAR Million) 658112.00 661224 624741 727788 674565 691429
Gross Fixed Capital Formation (SAR Million) 167303.00 153303 143576 198089 171486 175773
GDP per capita (USD) 20542.20 21162 21162 21162 21287 21287
GDP per capita PPP (USD) 46962.10 48950 48950 48950 48950 50100
GDP From Agriculture (SAR Million) 13998.00 16308 15296 16304 14348 14707
GDP From Construction (SAR Million) 30656.00 30166 28428 30825 31422 32208
GDP From Manufacturing (SAR Million) 78022.00 74618 70402 85639 79973 81972
GDP From Mining (SAR Million) 232293.00 250090 248313 284971 238100 244053
GDP From Transport (SAR Million) 40858.00 42954 34829 39975 41879 42926
GDP From Utilities (SAR Million) 5908.00 3873 8947 16308 6056 6207

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 7.40 8.5 8 8 7.5 7.5
Unemployed Persons 1002855.00 1031467 1025772 1050530 1050530 954030
Population (Million) 34.22 35.81 35.81 35.81 35.81 36.61
Employed Persons (Thousand) 13391.00 11500 11500 11500 12000 12000
Labor Force Participation Rate (%) 61.00 60 60 60 61 61
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 60.00 60 60 60 60 60

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 4.90 6.7 1.2 2 2.1 2
Consumer Price Index CPI (points) 103.72 104 105 111 106 108
Food Inflation (%) 10.20 8 5.5 3.5 1.5 3
Cpi Housing Utilities (points) 88.81 96.32 96.28 111 91.9 93.74
CPI Transportation (points) 111.09 106 99.68 124 109 111
GDP Deflator (points) 112.65 119 120 114 115 117
Inflation Rate Mom (%) -0.10 0.3 0.52 0.2 0.2 0.2
Producer Prices (points) 131.60 130 132 121 137 145
Producer Prices Change (%) 8.70 13 6 7.5 6.2 6

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 1.00 1 1 1 1 1
Money Supply M0 (SAR Million) 355108.00 370084 376497 382911 389325 408566
Money Supply M1 (SAR Million) 1519653.00 1582719 1629627 1676535 1723444 1864169
Interbank Rate (%) 0.80 0.81 0.81 3.19 0.81 0.81
Money Supply M2 (SAR Million) 1972361.00 2041801 2083457 2125113 2166768 2291735
Money Supply M3 (SAR Million) 2187305.00 2236234 2281790 2327345 2372901 2509568
Banks Balance Sheet (Million SAR) 3035138.55 3199274 3295284 3391294 3484831 3775332
Foreign Exchange Reserves (SAR Million) 1683549.00 1519797 1456803 1519797 1519797 1330106
Deposit Interest Rate (%) 1.65 1.65 1.65 1.65 1.65 1.65
Central Bank Balance Sheet (Million SAR) 1853418.00 1891339 1921389 1951439 1981489 2081654
Loan Growth (%) 14.60 11.6 10.1 11 8.3 5
Loans To Private Sector (SAR Million) 1871568.69 1747173 1784125 1806563 1882894 1851727
Reverse Repo Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (Million SAR) 57956.00 64741 71487 129000 129000 104666
Current Account (USD Million) 3349.00 3500 5500 6500 9500 9500
Current Account to GDP (%) 6.30 -1.5 -1.5 -1.5 1 1
Imports (Million SAR) 120980.00 132550 129500 133000 129800 133000
Exports (Million SAR) 178936.00 204037 214500 237666 216555 237666
Tourism Revenues (USD Million) 19849.00 15606 15606 15606 16029 16029
Crude Oil Production (BBL/D/1K) 8138.00 11000 11000 11000 11600 12000
Foreign Direct Investment (USD Million) 1871.00 1269 1315 1351 1500 1900
Tourist Arrivals (Thousand ) 16214.00 19500 19500 19500 19500 21000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 22.80 34 34 34 34 34
Government Budget (% of GDP) -4.50 -6.5 -6.5 -6.5 -4.5 -4.5
Government Spending (SAR Million) 232789.00 169175 176823 208763 238609 244574
Government Revenues (SAR Million) 926846.00 654732 654732 654732 730132 730132
Fiscal Expenditure (SAR Million) 1059445.00 1191292 1191292 1191292 1245349 1245349
Military Expenditure (USD Million) 62525.00 63750 63750 63750 71350 71350
Government Budget Value (SAR Million) -132599.00 -284629 -284629 -284629 -334271 -334271

Taxes Actual Q2 Q3 Q4 Q1 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 10 10

Business Actual Q2 Q3 Q4 Q1 2022
Manufacturing PMI (points) 55.20 56 55 58 60 57
Industrial Production (%) -10.00 13.5 15.4 10 8.5 5
Manufacturing Production (%) -15.60 9.5 6.5 10.5 5.5 10.5
Mining Production (%) -9.00 6.5 1 2.5 5.5 2.5
Industrial Production Mom (%) -0.40 1.5 2.1 1.1 0.9 0.5
Steel Production (Thousand Tonnes) 440.00 600 610 650 610 650

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 114.00 113 120 115 110 110
Consumer Spending (SAR Million) 300495.00 292151 254495 301003 308007 315708
Households Debt To GDP (% of GDP) 13.80 14.5 13.2 13.5 13.5 13.5
Gasoline Prices (USD/Liter) 0.57 0.45 0.42 0.46 0.38 0.36

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 80.80 82 82 85 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.