Markets Actual Q4 Q1 Q2 Q3 2021
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 8693.47 8484 8280 8080 7885 7496

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 1.20 1.5 1 0.9 0.5 1
GDP Annual Growth Rate (%) -4.20 2.5 2.2 4.5 3.5 3
Unemployment Rate (%) 9.00 6 5.9 5.5 5.5 5.6
Inflation Rate (%) 5.80 6 7 9.1 4.3 5.2
Interest Rate (%) 1.00 1 1 1 1 1
Balance of Trade (Million SAR) 10258.00 63347 64741 71487 85000 104666
Current Account (USD Million) -17980.00 -7000 -5500 -1500 -850 -1500
Current Account to GDP (%) 6.30 -3.5 -4 -4 -4 -4
Government Debt to GDP (%) 22.80 24 27 27 27 27
Government Budget (% of GDP) -4.50 -12.5 -8.5 -8.5 -8.5 -8.5
Manufacturing PMI (points) 51.00 50 53 55 55 56
Consumer Confidence (points) 104.00 109 110 113 111 106
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 1.20 1.5 1 0.9 0.5 1
GDP Annual Growth Rate (%) -4.20 2.5 2.2 4.5 3.5 3
GDP (USD Billion) 792.97 745 790 790 790 790
GDP Constant Prices (SAR Million) 597838.00 706590 702083 668419 683461 727788
Gross Fixed Capital Formation (SAR Million) 137393.00 192319 173000 154971 158459 198089
GDP per capita (USD) 20542.20 20490 21162 21162 21162 21162
GDP per capita PPP (USD) 46962.10 45500 48950 48950 48950 48950
GDP From Agriculture (SAR Million) 14637.00 15937 13852 16486 16857 16304
GDP From Construction (SAR Million) 27204.00 30132 31306 30494 31181 30825
GDP From Manufacturing (SAR Million) 67370.00 83714 80466 75430 77127 85639
GDP From Mining (SAR Million) 237620.00 278564 263139 252811 258501 284971
GDP From Transport (SAR Million) 33329.00 39076 44455 43422 44399 39975
GDP From Utilities (SAR Million) 8562.00 15942 6051 3915 4003 16308

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 9.00 6 5.9 5.5 5.5 5.6
Unemployed Persons 1002855.00 1095146 1063306 1031467 1025772 1050530
Population (Million) 34.22 35.01 35.81 35.81 35.81 35.81
Labor Force Participation Rate (%) 59.40 58 58 58 58 60
Employed Persons (Thousand) 10085.90 9500 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 Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 5.80 6 7 9.1 4.3 5.2
Consumer Price Index CPI (points) 104.10 104 106 107 108 110
Food Inflation (%) 13.00 5.5 3.5 1 2.3 3
Inflation Rate Mom (%) 0.10 0.2 0.1 0.1 0.1 0.1
Cpi Housing Utilities (points) 90.80 96.99 97.69 98.44 94.81 102
CPI Transportation (points) 107.00 106 108 102 113 112
GDP Deflator (points) 112.10 119 120 122 117 125
Producer Prices (points) 127.40 127 128 130 131 133
Producer Prices Change (%) 5.60 4.5 5.8 11 3.1 4.9

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 1.00 1 1 1 1 1
Money Supply M0 (SAR Million) 351527.00 379056 387989 396921 405853 414786
Money Supply M1 (SAR Million) 1431834.00 1558974 1609204 1659435 1709665 1759896
Interbank Rate (%) 0.88 2.94 0.91 0.91 0.91 3.19
Money Supply M2 (SAR Million) 1882852.00 1972642 2022949 2073256 2123562 2173869
Money Supply M3 (SAR Million) 2107115.00 2164668 2215805 2266941 2318077 2369214
Banks Balance Sheet (Million SAR) 2879696.52 3007255 3103265 3199274 3295284 3391294
Foreign Exchange Reserves (SAR Million) 1678503.00 1613691 1566845 1519797 1456803 1519797
Deposit Interest Rate (%) 1.65 6 1.65 1.65 1.65 1.65
Loan Growth (%) 15.20 9.5 6.5 6 5 3.5
Loans To Private Sector (SAR Million) 1723792.01 1585182 1669473 1747173 1759072 1632737
Central Bank Balance Sheet (Million SAR) 1822348.00 1717818 1669504 1721189 1772875 1826246
Reverse Repo Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (Million SAR) 10258.00 63347 64741 71487 85000 104666
Current Account (USD Million) -17980.00 -7000 -5500 -1500 -850 -1500
Current Account to GDP (%) 6.30 -3.5 -4 -4 -4 -4
Imports (Million SAR) 106861.00 132000 134904 132550 129500 133000
Exports (Million SAR) 117120.00 195347 199645 204037 214500 237666
Tourism Revenues (USD Million) 19849.00 9900 15606 15606 15606 15606
Crude Oil Production (BBL/D/1K) 8982.00 9000 11000 11000 11000 11000
Foreign Direct Investment (USD Million) 945.00 1187 1228 1269 1315 1351
Tourist Arrivals (Thousand ) 16214.00 4500 19500 19500 19500 19500

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 22.80 24 27 27 27 27
Government Budget (% of GDP) -4.50 -12.5 -8.5 -8.5 -8.5 -8.5
Government Spending (SAR Million) 169209.00 202682 216331 171015 174864 208763
Government Revenues (SAR Million) 926846.00 497850 654732 654732 654732 654732
Fiscal Expenditure (SAR Million) 1059445.00 1137236 1191292 1191292 1191292 1191292
Military Expenditure (USD Million) 65843.00 55500 63750 63750 63750 63750
Government Budget Value (SAR Million) -132599.00 -234987 -284629 -284629 -284629 -284629

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2021
Manufacturing PMI (points) 51.00 50 53 55 55 56
Industrial Production (%) -13.40 -15 -11 25 15 10
Manufacturing Production (%) -20.50 -5 5.5 9.5 6.5 10.5
Mining Production (%) -11.20 -2.5 3.5 6.5 1 2.5
Industrial Production Mom (%) 10.20 2.3 1.8 1.8 1.5 1.2
Steel Production (Thousand Tonnes) 748.00 500 590 600 610 650

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 104.00 109 110 113 111 106
Consumer Spending (SAR Million) 243536.00 292236 300718 295329 254495 301003
Households Debt To GDP (% of GDP) 12.10 13.7 14.5 14.5 13.2 13.5
Gasoline Prices (USD/Liter) 0.42 0.48 0.34 0.33 0.31 0.46

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (points) 81.00 80 81 82 82 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.