Markets Actual Q2 Q3 Q4 Q1 2023
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 12427.96 12562 12295 12033 11776 11281

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 1.60 0.5 0.7 0.5 0.5 0.5
GDP Annual Growth Rate (%) 9.60 6.2 4 5.8 2.7 3
Unemployment Rate (%) 6.90 6.5 6.3 6.1 6.2 6
Inflation Rate (%) 2.30 1.6 1.9 1.7 1.5 2
Interest Rate (%) 1.75 2.25 3 3.5 3.5 4
Balance of Trade (Million SAR) 60140.00 40000 44200 41300 40100 42900
Current Account (USD Million) 26596.00 12100 8500 7700 11320 4000
Current Account to GDP (% of GDP) -2.80 3.8 3.8 3.8 2.3 2.3
Government Debt to GDP (% of GDP) 32.50 34 34 34 34 33
Government Budget (% of GDP) -11.20 6.5 6.5 6.5 3.5 3.5
Manufacturing PMI (points) 55.70 57 55 57 57 57
Consumer Confidence (points) 126.00 120 120 120 113 113
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 2023
GDP Growth Rate (%) 1.60 0.5 0.7 0.5 0.5 0.5
GDP Annual Growth Rate (%) 9.60 6.2 4 5.8 2.7 3
GDP (USD Billion) 700.12 820 820 820 860 860
GDP Constant Prices (SAR Million) 705517.00 646808 691837 746437 724566 768830
Gross Fixed Capital Formation (SAR Million) 198029.00 193196 187598 209515 203376 215800
GDP per capita (USD) 18691.25 21287 21287 21287 21402 21402
GDP per capita PPP (USD) 44328.18 50100 50100 50100 50100 50300
GDP From Agriculture (SAR Million) 14287.00 15933 16519 15116 14673 15569
GDP From Construction (SAR Million) 29459.00 27855 30164 31168 30254 32103
GDP From Manufacturing (SAR Million) 81911.00 76279 74916 86662 84123 89262
GDP From Mining (SAR Million) 255364.00 230488 259554 270175 262259 278280
GDP From Transport (SAR Million) 42400.00 36823 38575 44859 43545 46205
GDP From Utilities (SAR Million) 5388.00 8326 13836 5701 5533 5872

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 6.90 6.5 6.3 6.1 6.2 6
Unemployed Persons 945387.00 1036596 1036596 1020530 1020530 1005580
Population (Million) 35.00 35.8 35.8 35.8 36 36
Labor Force Participation Rate (%) 61.50 62 62.3 62.5 62.6 62.8
Employed Persons (Thousand) 9786.90 12000 12000 12000 12000 13000
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 2023
Inflation Rate (%) 2.30 1.6 1.9 1.7 1.5 2
Consumer Price Index CPI (points) 106.29 106 107 107 107 109
Food Inflation (%) 4.30 1.3 1.3 3 3 3
CPI Housing Utilities (points) 88.82 89.55 89.81 90.2 90.14 92
CPI Transportation (points) 117.07 117 118 118 118 118
GDP Deflator (points) 103.72 105 106 105 105 108
Producer Prices (points) 149.00 146 148 149 136 154
Producer Prices Change (%) 10.70 4.5 3.9 3.3 3.1 3.5
Inflation Rate Mom (%) 0.40 0.2 0.2 0.2 0.2 0.2

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 1.75 2.25 3 3.5 3.5 4
Money Supply M0 (SAR Million) 356545.00 364021 363755 364518 367500 372565
Money Supply M1 (SAR Million) 1584187.00 1593027 1610712 1633026 1655000 1716754
Interbank Rate (%) 1.96 2.46 3.21 3.71 3.71 3.96
Money Supply M2 (SAR Million) 2088583.00 2089048 2111749 2147515 2187515 2250396
Money Supply M3 (SAR Million) 2371991.00 2385751 2423252 2463942 2525000 2621900
Banks Balance Sheet (Million SAR) 3370359.48 3564972 3564972 3775332 3775332 3775332
Foreign Exchange Reserves (SAR Million) 1692599.00 1824712 1824712 1830106 1830106 1830106
Deposit Interest Rate (%) 1.57 2.07 2.82 3.32 3.32 3.57
Loan Growth (%) 14.00 13.8 13 12.5 7 6
Loans To Private Sector (SAR Million) 2134096.20 2053868 2065139 2152062 2191717 2216624
Central Bank Balance Sheet (Million SAR) 1884999.00 2016419 2016419 2081654 2081654 2201853
Reverse Repo Rate (%) 1.25 0.75 0.75 1 1 1.25

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (Million SAR) 60140.00 40000 44200 41300 40100 42900
Current Account (USD Million) 26596.00 12100 8500 7700 11320 4000
Current Account to GDP (% of GDP) -2.80 3.8 3.8 3.8 2.3 2.3
Imports (Million SAR) 48289.00 48500 48800 46700 48900 49100
Exports (Million SAR) 108429.00 88500 93000 88000 89000 92000
Tourism Revenues (USD Million) 5960.00 16029 16029 16029 16452 16452
Crude Oil Production (BBL/D/1K) 10441.00 10400 10500 10500 10600 11000
Foreign Direct Investment (USD Million) 1933.00 1400 1000 500 400 500
Tourist Arrivals (Thousand ) 16214.00 21000 21000 21000 21000 22000

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 32.50 34 34 34 34 33
Government Budget (% of GDP) -11.20 6.5 6.5 6.5 3.5 3.5
Government Spending (SAR Million) 233828.00 192610 185979 247390 240141 254812
Government Revenues (SAR Million) 965486.00 730132 730132 730132 730132 730132
Fiscal Expenditure (SAR Million) 1038933.00 1245349 1245349 1245349 1245349 1267347
Military Expenditure (USD Million) 55535.00 71350 71350 71350 71350 71350
Government Budget Value (SAR Million) -73447.00 -334271 -334271 -334271 -334271 -334271

Taxes Actual Q2 Q3 Q4 Q1 2023
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 10 10 10 10 10

Business Actual Q2 Q3 Q4 Q1 2023
Manufacturing PMI (points) 55.70 57 55 57 57 57
Industrial Production (%) 24.80 10.5 3.8 4.5 4.1 4
Manufacturing Production (%) 22.00 3.5 3.5 3 3 3
Mining Production (%) 26.60 2.5 2.5 2.5 2.5 2.5
Industrial Production Mom (%) 2.00 0.9 0.9 0.5 0.5 0.5
Steel Production (Thousand Tonnes) 440.00 610 610 650 650 650

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) 126.00 120 120 120 113 113
Consumer Spending (SAR Million) 333555.00 301003 327849 332539 331573 321578
Households Debt To GDP (% of GDP) 16.10 13.5 13.5 13.5 13.5 13.5
Gasoline Prices (USD/Liter) 0.62 0.64 0.66 0.69 0.71 0.71

Housing Actual Q2 Q3 Q4 Q1 2023
Housing Index (points) 81.70 81.8 81.9 82 82.5 84


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Saudi Arabia Forecast - was last updated on Saturday, May 21, 2022.