Markets Actual Q1 Q2 Q3 Q4 2020
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 8453.89 8298 8200 8103 8007 7819
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.70 0.9 0.8 0.8 0.9 1
GDP Annual Growth Rate (%) -0.46 1.5 2.3 2.5 2.2 2.2
Unemployment Rate (%) 5.50 5.8 5.5 5.6 5.5 5.5
Inflation Rate (%) 0.20 1.7 2 2.3 2.5 2.3
Interest Rate (%) 2.25 2.25 2.5 2.5 2.5 3
Balance of Trade (Million SAR) 109229.00 132000 135500 128000 129000 129000
Current Account (USD Million) 9845.00 6500 4800 5000 5290 3850
Current Account to GDP (%) 9.20 1.5 1.5 1.5 1.5 -0.5
Government Debt to GDP (%) 19.10 24 24 24 24 27
Government Budget (% of GDP) -9.20 -6.5 -6.5 -6.5 -6.5 -8.5
Business Confidence (points) 3.00 10 10 20 30 40
Manufacturing PMI (points) 56.90 56.5 57.5 56.9 56.9 56.5
Consumer Confidence (points) 119.00 107 108 107 109 106
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 2020
GDP Growth Rate (%) -0.70 0.9 0.8 0.8 0.9 1
GDP Annual Growth Rate (%) -0.46 1.5 2.3 2.5 2.2 2.2
GDP (USD Billion) 782.48 785 785 785 785 801
GDP Constant Prices (SAR Million) 651392.00 665640 650171 659534 665723 680369
Gross Fixed Capital Formation (SAR Million) 156173.00 153537 181749 158125 159609 163120
GDP per capita (USD) 20775.20 20912 20912 20912 20912 21162
GDP per capita PPP (USD) 48995.60 49304 49304 49304 49304 49304
GDP From Agriculture (SAR Million) 15493.00 16296 16415 15687 15834 16182
GDP From Construction (SAR Million) 30093.00 29418 28875 30469 30755 31432
GDP From Manufacturing (SAR Million) 77996.00 81491 77046 78971 79712 81466
GDP From Mining (SAR Million) 248926.00 256342 251567 252038 254402 259999
GDP From Transport (SAR Million) 39607.00 41134 40271 40102 40478 41369
GDP From Utilities (SAR Million) 14382.00 3853 9397 14562 14698 15022
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.50 5.8 5.5 5.6 5.5 5.5
Unemployed Persons 1002855.00 1000000 940000 930000 930000 900000
Population (Million) 33.41 35.01 35.01 35.01 35.01 35.81
Labor Force Participation Rate (%) 58.40 59 59.2 59.2 59.5 60
Employed Persons (Thousand) 10085.90 11200 11200 11200 11200 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 (%) 0.20 1.7 2 2.3 2.5 2.3
Consumer Price Index CPI (points) 106.50 107 108 109 109 112
Food Inflation (%) 2.20 1.5 1.9 2.3 2.6 2.6
Inflation Rate Mom (%) 0.10 0.3 0.2 0.2 0.2 0.1
GDP Deflator (points) 112.10 114 114 115 115 118
Cpi Housing Utilities (points) 102.30 106 105 105 105 107
CPI Transportation (points) 120.60 121 123 123 124 126
Producer Prices (points) 120.70 121 122 123 124 127
Producer Prices Change (%) 3.30 3.5 2.3 2.3 2.5 2.8
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.25 2.25 2.5 2.5 2.5 3
Money Supply M0 (SAR Million) 321575.00 330571 333628 336685 339742 351969
Money Supply M1 (SAR Million) 1295770.00 1328199 1352432 1376666 1400899 1497833
Interbank Rate (%) 2.23 2.23 2.48 2.48 2.48 2.48
Money Supply M2 (SAR Million) 1722597.00 1763683 1789090 1814497 1839904 1941533
Money Supply M3 (SAR Million) 1916056.00 1966381 2003423 2040464 2077505 2225671
Foreign Exchange Reserves (SAR Million) 1875557.00 1850000 1870000 1890000 1900000 1920000
Banks Balance Sheet (Million SAR) 2575234.97 2525000 2570000 2595000 2640000 2760000
Deposit Interest Rate (%) 2.58 2.58 2.58 2.83 6 2.83
Loan Growth (%) 4.80 3.3 3.4 3.5 3.5 3.5
Loans To Private Sector (SAR Million) 1527593.84 1460499 1481877 1517754 1561201 1595547
Central Bank Balance Sheet (Million SAR) 1919508.00 1997500 1999500 2000000 2000000 2130000
Reverse Repo Rate (%) 1.75 1.75 2 2 2 2.5
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (Million SAR) 109229.00 132000 135500 128000 129000 129000
Current Account (USD Million) 9845.00 6500 4800 5000 5290 3850
Current Account to GDP (%) 9.20 1.5 1.5 1.5 1.5 -0.5
Imports (Million SAR) 126797.00 128000 130500 131000 132000 133000
Exports (Million SAR) 236094.00 252000 266000 259000 264000 271000
Tourism Revenues (USD Million) 14848.00 16500 16500 16500 16500 17500
Crude Oil Production (BBL/D/1K) 9890.00 9000 9500 9800 9800 10300
Foreign Direct Investment (USD Million) 1141.00 1800 2000 2100 2100 2500
Tourist Arrivals (Thousand ) 16109.00 21230 21230 21230 21230 21230
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 19.10 24 24 24 24 27
Government Budget (% of GDP) -9.20 -6.5 -6.5 -6.5 -6.5 -8.5
Government Spending (SAR Million) 173466.00 152748 175031 175634 177282 181182
Government Revenues (SAR Million) 894711.00 650000 650000 650000 650000 650000
Fiscal Expenditure (SAR Million) 1030415.00 970000 970000 970000 970000 970000
Military Expenditure (USD Million) 65843.00 99732 99732 99732 99732 99732
Government Budget Value (SAR Million) -135704.00 -320000 -320000 -320000 -320000 -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 (points) 3.00 10 10 20 30 40
Manufacturing PMI (points) 56.90 56.5 57.5 56.9 56.9 56.5
Industrial Production (%) 1.40 3.8 3.9 4 4.3 4.5
Industrial Production Mom (%) -4.28 -1.4 0.4 1.6 2.3 1.2
Manufacturing Production (%) -10.90 11 6.5 9 9.4 10.5
Mining Production (%) 7.30 0.4 0.2 0.2 0.3 0.3
Steel Production (Thousand Tonnes) 399.00 470 490 480 500 500
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 119.00 107 108 107 109 106
Consumer Spending (SAR Million) 290242.00 286969 292690 293870 296627 303153
Households Debt To GDP (% of GDP) 11.40 13.1 13.1 13.5 13.5 13.5
Gasoline Prices (USD/Liter) 0.55 0.6 0.62 0.63 0.65 0.65
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (points) 80.10 82 83 84 85 90


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.