Markets Actual Q3 Q4 Q1 Q2 2020
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 8957.80 8710 8599 8490 8382 8171
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.07 0.6 0.8 0.9 0.8 0.9
GDP Annual Growth Rate (%) 1.70 2 2 2.1 2.3 2.5
Unemployment Rate (%) 5.70 5.9 6 6 5.8 5.9
Inflation Rate (%) -1.50 -1.5 -1.7 2.5 2.7 3.1
Interest Rate (%) 3.00 2.75 2.75 2.5 2.5 2.75
Balance of Trade (Million SAR) 131636.00 124500 116000 132000 122000 129000
Current Account (USD Million) 11518.00 12000 6500 4500 4800 5290
Current Account to GDP (%) 9.20 3.4 3.4 2.7 2.7 2.7
Government Debt to GDP (%) 19.10 20 20 22 22 22
Government Budget (% of GDP) -9.20 -7.8 -7.8 -5.6 -5.6 -5.6
Business Confidence (Index Points) 3.00 5 5 5 5 5
Manufacturing PMI 57.40 57.5 57.9 56.5 57.5 56.9
Consumer Confidence (Index Points) 112.00 106 105 107 108 109
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.07 0.6 0.8 0.9 0.8 0.9
GDP Annual Growth Rate (%) 1.70 2 2 2.1 2.3 2.5
GDP (USD Billion) 782.48 780 780 800 800 800
GDP Constant Prices (SAR Million) 660685.00 666788 696164 674559 675881 713568
Gross Fixed Capital Formation (SAR Million) 152394.00 135820 189481 155594 155899 194218
GDP per capita (USD) 20775.20 21700 21700 22000 22000 22000
GDP per capita PPP (USD) 48995.60 49196 49196 49304 49304 49304
GDP From Agriculture (SAR Million) 16175.00 15518 13665 16515 16547 14007
GDP From Construction (SAR Million) 29199.00 29339 29433 29812 29871 30169
GDP From Manufacturing (SAR Million) 80884.00 81512 82394 82583 82744 84453
GDP From Mining (SAR Million) 254434.00 271237 274169 259777 260286 281023
GDP From Transport (SAR Million) 40828.00 38048 42264 41685 41767 43320
GDP From Utilities (SAR Million) 3824.00 15522 6214 3904 3912 6369
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 5.70 5.9 6 6 5.8 5.9
Unemployed Persons 970229.00 815000 820000 815000 815000 812000
Population (Million) 33.41 34.21 34.21 35.01 35.01 35.01
Labor Force Participation Rate (%) 56.40 57.8 58 58 58.2 58.4
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) -1.50 -1.5 -1.7 2.5 2.7 3.1
Consumer Price Index CPI (Index Points) 105.70 105 104 108 109 108
Food Inflation (%) 1.80 0.7 0.5 1.5 1.9 2.6
Inflation Rate Mom (%) 0.10 -0.1 -0.2 0.2 0.1 0.2
Cpi Housing Utilities (Index Points) 103.20 107 104 107 106 108
CPI Transportation (Index Points) 119.70 118 117 121 123 121
Producer Prices (Index Points) 119.10 115 116 119 119 118
Producer Prices Change (%) 2.20 1 1 1.5 1.3 2.5
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 3.00 2.75 2.75 2.5 2.5 2.75
Interbank Rate (%) 2.85 2.85 2.85 2.6 2.6 2.85
Money Supply M2 (SAR Million) 1693336.00 1668531 1688446 1720402 1728000 1722215
Foreign Exchange Reserves (SAR Million) 1939078.00 1880000 1890000 1850000 1870000 1900000
Banks Balance Sheet (Million SAR) 2406598.00 2345000 2410000 2425000 2510000 2640000
Deposit Interest Rate (%) 3.40 3.4 3.4 3.15 3.15 3.4
Loan Growth (%) 3.20 2.8 3 3.3 3.4 3.5
Loans To Private Sector (SAR Million) 1474018.34 1470562 1463589 1480069 1490640 1500179
Central Bank Balance Sheet (Million SAR) 1964981.00 1990000 19950000 19975000 19995000 2000000
Reverse Repo Rate (%) 2.50 2.25 2.25 2 2 2.25
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (Million SAR) 131636.00 124500 116000 132000 122000 129000
Current Account (USD Million) 11518.00 12000 6500 4500 4800 5290
Current Account to GDP (%) 9.20 3.4 3.4 2.7 2.7 2.7
Imports (Million SAR) 117194.00 117500 119000 128000 130500 132000
Exports (Million SAR) 248830.00 252000 245000 250000 266000 264000
Tourism Revenues (USD Million) 14848.00 12200 12600 13500 13500 13500
Crude Oil Production (BBL/D/1K) 9782.00 9900 10000 9900 10000 10100
Foreign Direct Investment (USD Million) 1249.00 1300 1800 2100 2200 2430
Tourist Arrivals (Thousand ) 16119.00 18600 19230 21230 21230 21230
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 19.10 20 20 22 22 22
Government Budget (% of GDP) -9.20 -7.8 -7.8 -5.6 -5.6 -5.6
Government Spending (SAR Million) 151611.00 160067 199692 154795 155098 204684
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 3.00 5 5 5 5 5
Manufacturing PMI 57.40 57.5 57.9 56.5 57.5 56.9
Industrial Production (%) 2.34 4.1 3.8 4.1 3.9 4.3
Industrial Production Mom (%) -0.35 0.6 0.7 0.7 0.8 0.8
Manufacturing Production (%) 3.71 7 7.2 7.2 7.2 9.4
Mining Production (%) 3.39 0.9 0.5 0.4 0.2 0.3
Steel Production (Thousand Tonnes) 420.00 455 440 470 490 500
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 112.00 106 105 107 108 109
Consumer Spending (SAR Million) 284833.00 284882 287924 290814 291384 295122
Households Debt To GDP (% of GDP) 11.60 13.2 13.3 13.1 13.1 13.1
Gasoline Prices (USD/Liter) 0.54 0.51 0.5 0.48 0.48 0.48
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (Index Points) 80.40 82 82 82 83 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.