Government Spending in Saudi Arabia increased to 173466 SAR Million in the third quarter of 2019 from 173041 SAR Million in the second quarter of 2019. Saudi Arabia Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Saudi Arabia averaged 142105.62 SAR Million from 2008 until 2019, reaching an all time high of 212452 SAR Million in the fourth quarter of 2017 and a record low of 76217 SAR Million in the first quarter of 2008. This page provides - Saudi Arabia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Saudi Arabian Monetary Agency

Government Spending in Saudi Arabia is expected to be 152748.00 SAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Saudi Arabia to stand at 177282.00 in 12 months time. In the long-term, the Saudi Arabia Government Spending is projected to trend around 181182.00 SAR Million in 2021 and 185712.00 SAR Million in 2022, according to our econometric models.

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Saudi Arabia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
173466.00 173041.00 212452.00 76217.00 2008 - 2019 SAR Million Quarterly
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Saudi Arabia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.