Markets Actual Q3 Q4 Q1 Q2 2021
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 8251.74 8053 7859 7669 7484 7115

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 1.20 0.5 1.5 1 0.9 1
GDP Annual Growth Rate (%) -1.00 -5 2.5 2.2 4.5 3
Unemployment Rate (%) 5.70 5.8 5.8 5.7 5.5 5.6
Inflation Rate (%) 6.20 6.2 6.6 6.9 8.2 2.5
Interest Rate (%) 1.00 1 1 1 1 1
Balance of Trade (Million SAR) 85162.00 48000 129000 64741 71487 129000
Current Account (USD Million) 2858.00 -3500 -2500 -5500 -1500 -1500
Current Account to GDP (%) 6.30 -3.5 -3.5 -4 -4 -4
Government Debt to GDP (%) 22.80 24 24 27 27 27
Government Budget (% of GDP) -9.20 -12.5 -12.5 -8.5 -8.5 -8.5
Manufacturing PMI (points) 48.80 49 50 53 55 56
Consumer Confidence (points) 104.00 107 109 110 113 106
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 2021
GDP Growth Rate (%) 1.20 0.5 1.5 1 0.9 1
GDP Annual Growth Rate (%) -1.00 -5 2.5 2.2 4.5 3
GDP (USD Billion) 792.97 745 745 790 790 790
GDP Constant Prices (SAR Million) 654030.00 635107 702083 668419 683461 723145
Gross Fixed Capital Formation (SAR Million) 151635.00 152269 173000 154971 158459 178189
GDP per capita (USD) 20542.20 20490 20490 21162 21162 21162
GDP per capita PPP (USD) 46962.10 45500 45500 48950 48950 48950
GDP From Agriculture (SAR Million) 16131.00 15106 13852 16486 16857 14267
GDP From Construction (SAR Million) 29838.00 29341 31306 30494 31181 32245
GDP From Manufacturing (SAR Million) 73806.00 76046 80466 75430 77127 82880
GDP From Mining (SAR Million) 247369.00 242703 263139 252811 258501 271033
GDP From Transport (SAR Million) 42487.00 38617 44455 43422 44399 45789
GDP From Utilities (SAR Million) 3831.00 14022 6051 3915 4003 6232

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 5.70 5.8 5.8 5.7 5.5 5.6
Unemployed Persons 1002855.00 1158826 1095146 1063306 1031467 1050530
Population (Million) 34.22 35.01 35.01 35.81 35.81 35.81
Labor Force Participation Rate (%) 58.20 57 57 58 58 60
Employed Persons (Thousand) 10085.90 9500 9500 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 Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 6.20 6.2 6.6 6.9 8.2 2.5
Consumer Price Index CPI (points) 104.20 104 105 106 106 108
Food Inflation (%) 13.50 9.5 5.5 3.5 1 3
Inflation Rate Mom (%) 0.20 0.2 0.2 0.1 0.1 0.1
Cpi Housing Utilities (points) 91.03 96.54 97.54 97.6 97.63 99.98
CPI Transportation (points) 107.16 106 107 107 101 109
GDP Deflator (points) 112.10 119 120 120 121 122
Producer Prices (points) 126.70 126 126 126 126 129
Producer Prices Change (%) 5.10 4.9 4.2 4.4 8.3 2.1

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 1.00 1 1 1 1 1
Money Supply M0 (SAR Million) 362632.00 370124 379056 387989 396921 414786
Money Supply M1 (SAR Million) 1420897.00 1508744 1558974 1609204 1659435 1759896
Interbank Rate (%) 0.96 1.03 1.03 1.03 1.03 1.03
Money Supply M2 (SAR Million) 1864120.00 1922335 1972642 2022949 2073256 2173869
Money Supply M3 (SAR Million) 2049699.00 2113532 2164668 2215805 2266941 2369214
Banks Balance Sheet (Million SAR) 2829482.52 2911246 3007255 3103265 3199274 3391294
Foreign Exchange Reserves (SAR Million) 1679963.00 1660297 1613691 1566845 1519797 1519797
Deposit Interest Rate (%) 1.65 1.65 1.65 1.65 1.65 1.65
Loan Growth (%) 13.50 9.9 5 2.5 3.3 3.5
Loans To Private Sector (SAR Million) 1684584.73 1461541 1585182 1669473 1747173 1632737
Central Bank Balance Sheet (Million SAR) 1811439.00 1766133 1717818 1669504 1721189 1826246
Reverse Repo Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (Million SAR) 85162.00 48000 129000 64741 71487 129000
Current Account (USD Million) 2858.00 -3500 -2500 -5500 -1500 -1500
Current Account to GDP (%) 6.30 -3.5 -3.5 -4 -4 -4
Imports (Million SAR) 111838.00 131500 132000 134904 132550 133000
Exports (Million SAR) 197000.00 179500 195347 199645 204037 237666
Tourism Revenues (USD Million) 16975.00 9900 9900 15606 15606 15606
Crude Oil Production (BBL/D/1K) 8984.00 8500 9000 11000 11000 11000
Foreign Direct Investment (USD Million) 1613.00 1146 1187 1228 1269 1351
Tourist Arrivals (Thousand ) 17570.00 4500 4500 19500 19500 19500

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 22.80 24 24 27 27 27
Government Budget (% of GDP) -9.20 -12.5 -12.5 -8.5 -8.5 -8.5
Government Spending (SAR Million) 167334.00 169129 216331 171015 174864 222821
Government Revenues (SAR Million) 926846.00 497850 497850 654732 654732 654732
Fiscal Expenditure (SAR Million) 1059445.00 1137236 1137236 1191292 1191292 1191292
Military Expenditure (USD Million) 65843.00 55500 55500 63750 63750 63750
Government Budget Value (SAR Million) -132599.00 -234987 -234987 -284629 -284629 -284629

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Manufacturing PMI (points) 48.80 49 50 53 55 56
Industrial Production (%) -22.40 -8.5 -5.1 5.5 10 2.5
Manufacturing Production (%) -22.30 -15 -5 5.5 9.5 10.5
Mining Production (%) -23.20 -6.5 -2.5 3.5 6.5 2.5
Industrial Production Mom (%) -7.10 1.6 2.3 1.8 1.8 1.2
Steel Production (Thousand Tonnes) 560.00 480 500 590 600 650

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 104.00 107 109 110 113 106
Consumer Spending (SAR Million) 288972.00 282986 300718 295329 301976 309739
Households Debt To GDP (% of GDP) 12.10 13.5 13.7 14.5 13.5 13.5
Gasoline Prices (USD/Liter) 0.43 0.36 0.34 0.33 0.31 0.29

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