Markets Actual Q2 Q3 Q4 Q1 2021
Currency 3.76 3.76 3.76 3.76 3.76 3.76
Stock Market (points) 7050.66 6881 6715 6553 6395 6079

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -0.70 -1.5 0.8 0.9 1 1
GDP Annual Growth Rate (%) -0.30 -1.2 -0.5 2.1 2.2 2.2
Unemployment Rate (%) 5.70 6 5.8 5.5 5.5 5.5
Inflation Rate (%) 1.30 1.2 0.6 0.4 2 2.3
Interest Rate (%) 1.00 0.75 0.75 0.75 0.75 1
Balance of Trade (Million SAR) 121276.00 27300 48500 63347 67645 104666
Current Account (USD Million) 12417.00 -4500 -3500 -2500 -5500 -1500
Current Account to GDP (%) 6.30 -3.5 -3.5 -3.5 -4 -4
Government Debt to GDP (%) 19.10 24 24 24 24 27
Government Budget (% of GDP) -9.20 -12.5 -12.5 -12.5 -8.5 -8.5
Manufacturing PMI (points) 44.40 46 51 52 53 54
Consumer Confidence (points) 121.00 108 107 109 110 106
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 2021
GDP Growth Rate (%) -0.70 -1.5 0.8 0.9 1 1
GDP Annual Growth Rate (%) -0.30 -1.2 -0.5 2.1 2.2 2.2
GDP (USD Billion) 785.00 790 790 790 820 820
GDP Constant Prices (SAR Million) 684959.00 638922 649764 699343 700028 714729
Gross Fixed Capital Formation (SAR Million) 168780.00 178605 155783 172324 172493 176116
GDP per capita (USD) 20912.00 21037 21037 21037 21162 21162
GDP per capita PPP (USD) 48995.60 49304 49304 49304 46756 47651
GDP From Agriculture (SAR Million) 13514.00 16131 15454 13798 13811 14101
GDP From Construction (SAR Million) 30542.00 28376 30018 31183 31214 31869
GDP From Manufacturing (SAR Million) 78503.00 75713 77801 80152 80230 81915
GDP From Mining (SAR Million) 256721.00 247215 248304 262112 262369 267879
GDP From Transport (SAR Million) 43371.00 39574 39508 44282 44325 45256
GDP From Utilities (SAR Million) 5903.00 9234 14346 6027 6033 6160

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 5.70 6 5.8 5.5 5.5 5.5
Unemployed Persons 1002855.00 940000 930000 930000 930000 900000
Population (Million) 34.22 35.01 35.01 35.01 35.81 35.81
Labor Force Participation Rate (%) 58.80 57 57 59 58 60
Employed Persons (Thousand) 10085.90 11200 11200 11200 11200 11200
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 2021
Inflation Rate (%) 1.30 1.2 0.6 0.4 2 2.3
Consumer Price Index CPI (points) 97.40 98.87 98.99 98.89 101 101
Food Inflation (%) 6.10 1.9 2.3 2.6 2.6 2.6
Inflation Rate Mom (%) -0.10 0.2 0.2 0.2 0.1 0.1
Cpi Housing Utilities (points) 91.40 91.89 91.45 91.87 93.13 93.98
CPI Transportation (points) 97.80 99.68 101 100 103 103
GDP Deflator (points) 112.10 113 113 113 114 115
Producer Prices (points) 118.20 121 120 119 123 123
Producer Prices Change (%) 3.30 1.4 0 -1.5 1.5 2.8

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 1.00 0.75 0.75 0.75 0.75 1
Money Supply M0 (SAR Million) 340692.00 333628 336685 339742 342799 351969
Money Supply M1 (SAR Million) 1365094.00 1352432 1376666 1400899 1425133 1497833
Interbank Rate (%) 1.30 1.05 1.05 1.05 1.05 1.05
Money Supply M2 (SAR Million) 1825387.00 1789090 1814497 1839904 1865311 1941533
Money Supply M3 (SAR Million) 2009043.00 2035069 2040464 2077505 2114547 2225671
Banks Balance Sheet (Million SAR) 2724590.82 2570000 2595000 2640000 2640000 2760000
Foreign Exchange Reserves (SAR Million) 1775160.00 1870000 1890000 1900000 1900000 1920000
Deposit Interest Rate (%) 1.30 1.3 1.05 6 1.05 1.3
Loan Growth (%) 11.80 6.9 6.8 5 2.5 3.5
Loans To Private Sector (SAR Million) 1633535.41 1456239 1495269 1578996 1598996 1613734
Central Bank Balance Sheet (Million SAR) 1823745.00 1999500 2000000 2000000 2000000 2130000
Reverse Repo Rate (%) 0.50 1 1 1 1 1.75

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (Million SAR) 121276.00 27300 48500 63347 67645 104666
Current Account (USD Million) 12417.00 -4500 -3500 -2500 -5500 -1500
Current Account to GDP (%) 6.30 -3.5 -3.5 -3.5 -4 -4
Imports (Million SAR) 117252.00 130500 131000 132000 132000 133000
Exports (Million SAR) 238528.00 157800 179500 195347 199645 237666
Tourism Revenues (USD Million) 16975.00 14759 14759 14759 15606 15606
Crude Oil Production (BBL/D/1K) 12007.00 7500 9500 10000 11000 11000
Foreign Direct Investment (USD Million) 1041.00 2000 2100 2100 2100 2500
Tourist Arrivals (Thousand ) 17570.00 24101 24101 24101 24977 24977

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 19.10 24 24 24 24 27
Government Budget (% of GDP) -9.20 -12.5 -12.5 -12.5 -8.5 -8.5
Government Spending (SAR Million) 211055.00 172003 173032 215487 215698 220228
Government Revenues (SAR Million) 894711.00 450000 450000 450000 550000 550000
Fiscal Expenditure (SAR Million) 1030415.00 1137236 1137236 1137236 1191292 1191292
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 Q2 Q3 Q4 Q1 2021
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 15

Business Actual Q2 Q3 Q4 Q1 2021
Manufacturing PMI (points) 44.40 46 51 52 53 54
Industrial Production (%) -5.70 -5.8 -3.4 -5.1 10 2.5
Manufacturing Production (%) -12.70 6.5 9 9.4 9.4 10.5
Mining Production (%) -3.40 0.2 0.2 0.3 0.3 0.3
Industrial Production Mom (%) 0.15 0.4 1.6 2.3 1.8 1.2
Steel Production (Thousand Tonnes) 612.00 490 480 500 500 500

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) 121.00 108 107 109 110 106
Consumer Spending (SAR Million) 293383.00 287626 289516 299544 299837 306134
Households Debt To GDP (% of GDP) 11.90 13.1 13.5 13.5 13.5 13.5
Gasoline Prices (USD/Liter) 0.22 0.21 0.2 0.19 0.18 0.17

Housing Actual Q2 Q3 Q4 Q1 2021
Housing Index (points) 80.40 83 84 85 87 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.