Saudi Arabia recorded a Current Account surplus of 12407 USD Million in the second quarter of 2019. Current Account in Saudi Arabia averaged 13059.27 USD Million from 1971 until 2019, reaching an all time high of 90060.70 USD Million in the fourth quarter of 2005 and a record low of -27509.30 USD Million in the fourth quarter of 1991. source: Saudi Arabian Monetary Agency

Current Account in Saudi Arabia is expected to be 9000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Saudi Arabia to stand at 5000.00 in 12 months time. In the long-term, the Saudi Arabia Current Account is projected to trend around 3850.00 USD Million in 2020, according to our econometric models.

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Saudi Arabia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
9845.00 12407.00 90060.70 -27509.30 1971 - 2019 USD Million Quarterly


Saudi Arabia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Saudi Arabia Trade Last Previous Highest Lowest Unit
Balance of Trade 109229.00 127500.00 454159.00 3898.00 Million SAR [+]
Current Account 9845.00 12407.00 90060.70 -27509.30 USD Million [+]
Current Account to GDP 9.20 1.50 28.50 -21.00 percent [+]
Imports 126797.00 127699.00 222985.00 2578.00 Million SAR [+]
Exports 236094.00 255199.00 677144.00 9118.00 Million SAR [+]
Capital Flows 7364.63 12301.00 102296.29 -49295.00 USD Million [+]
Tourism Revenues 14848.00 13438.00 14848.00 3418.00 USD Million [+]
Gold Reserves 323.07 323.07 323.10 142.95 Tonnes [+]
Crude Oil Production 9890.00 10303.00 11093.00 2340.00 BBL/D/1K [+]
Foreign Direct Investment 1141.00 1072.00 11746.54 264.00 USD Million [+]
Terrorism Index 5.24 5.48 5.81 2.41 [+]
Remittances 27616.00 28441.00 38101.00 12479.00 SAR Million [+]
Tourist Arrivals 16109.00 18049.00 18260.00 6585.00 Thousand [+]