Markets Actual Q1 Q2 Q3 Q4 2022
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 9151.71 8859 8646 8437 8233 7827

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 2.80 1 1.5 0.5 1 1
GDP Annual Growth Rate (%) -3.80 2.2 4.5 3.5 2.5 2.5
Unemployment Rate (%) 8.50 8.5 8.5 8 8 7.5
Inflation Rate (%) 5.70 5.9 8.3 4 6 5
Interest Rate (%) 1.00 1 1 1 1 1
Balance of Trade (Million SAR) 55070.00 64741 71487 85000 104666 104666
Current Account (USD Million) 2321.00 3000 3500 5500 6500 9500
Current Account to GDP (%) 6.30 -2.5 -2.5 -2.5 1 1
Government Debt to GDP (%) 22.80 33 33 33 33 34
Government Budget (% of GDP) -4.50 -6.5 -6.5 -6.5 -6.5 -4.5
Manufacturing PMI (points) 57.10 55 56 55 58 57
Consumer Confidence (points) 114.00 110 113 120 115 110
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 (%) 2.80 1 1.5 0.5 1 1
GDP Annual Growth Rate (%) -3.80 2.2 4.5 3.5 2.5 2.5
GDP (USD Billion) 792.97 790 790 790 790 820
GDP Constant Prices (SAR Million) 621425.00 668419 624741 643175 636961 652885
Gross Fixed Capital Formation (SAR Million) 140587.00 154971 143576 145508 144102 147704
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 16486 15296 16141 15985 16384
GDP From Construction (SAR Million) 30163.00 30494 28428 31219 30917 31690
GDP From Manufacturing (SAR Million) 70125.00 75430 70402 72579 71878 73675
GDP From Mining (SAR Million) 231074.00 252811 248313 239162 236851 242772
GDP From Transport (SAR Million) 37101.00 43422 34829 38400 38029 38979
GDP From Utilities (SAR Million) 14389.00 3915 8947 14893 14749 15117

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 8.50 8.5 8.5 8 8 7.5
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 (%) 59.50 59 60 60 60 61
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 (%) 5.70 5.9 8.3 4 6 5
Consumer Price Index CPI (points) 104.00 105 106 108 110 116
Food Inflation (%) 12.30 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) 90.00 96.69 97.72 94.54 95.51 100
CPI Transportation (points) 109.10 106 101 112 113 119
GDP Deflator (points) 112.10 119 121 117 119 125
Producer Prices (points) 128.70 128 130 133 136 144
Producer Prices Change (%) 5.20 5.8 11 4.8 6.4 6

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 1.00 1 1 1 1 1
Money Supply M0 (SAR Million) 352651.00 363670 370084 376497 382911 408566
Money Supply M1 (SAR Million) 1488926.00 1535810 1582719 1629627 1676535 1864169
Interbank Rate (%) 0.82 0.82 0.82 0.82 0.82 0.82
Money Supply M2 (SAR Million) 1962842.00 2000146 2041801 2083457 2125113 2291735
Money Supply M3 (SAR Million) 2149267.00 2190678 2236234 2281790 2327345 2509568
Banks Balance Sheet (Million SAR) 2979460.98 3103265 3199274 3295284 3391294 3775332
Foreign Exchange Reserves (SAR Million) 1701209.00 1566845 1519797 1456803 1519797 1330106
Deposit Interest Rate (%) 1.65 1.65 1.65 1.65 1.65 1.65
Loan Growth (%) 14.00 12.6 11.6 10.1 11 5
Loans To Private Sector (SAR Million) 1762500.54 1669473 1747173 1784125 1806563 1851727
Central Bank Balance Sheet (Million SAR) 1846795.00 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 64741 71487 85000 104666 104666
Current Account (USD Million) 2321.00 3000 3500 5500 6500 9500
Current Account to GDP (%) 6.30 -2.5 -2.5 -2.5 1 1
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) 9103.00 9900 11000 11000 11000 12000
Foreign Direct Investment (USD Million) 1034.00 1228 1269 1315 1351 1900
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 -6.5 -6.5 -6.5 -6.5 -4.5
Government Spending (SAR Million) 179780.00 171015 176823 186072 184275 188881
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) 57.10 55 56 55 58 57
Industrial Production (%) -10.00 -11 25 15 10 5
Manufacturing Production (%) -15.60 5.5 9.5 6.5 10.5 10.5
Mining Production (%) -9.00 3.5 6.5 1 2.5 2.5
Industrial Production Mom (%) -0.40 1.8 1.8 1.5 1.2 0.3
Steel Production (Thousand Tonnes) 440.00 590 600 610 650 650

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 114.00 110 113 120 115 110
Consumer Spending (SAR Million) 295709.00 295329 254495 306059 303102 310679
Households Debt To GDP (% of GDP) 12.80 14.5 14.5 13.2 13.5 13.5
Gasoline Prices (USD/Liter) 0.47 0.45 0.42 0.4 0.38 0.36

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