Markets Actual Q2 Q3 Q4 Q1 2022
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 10853.12 10592 10337 10087 9844 9358

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -0.50 1 1.5 1 1 1
GDP Annual Growth Rate (%) -3.00 6.1 3.5 2.5 3.1 4
Unemployment Rate (%) 7.40 8.5 8 8 7.5 7.5
Inflation Rate (%) 5.70 6.2 1.2 2 2.1 2
Interest Rate (%) 1.00 1 1 1 1 1
Balance of Trade (Million SAR) 57956.00 64741 71487 129000 129000 104666
Current Account (USD Million) 3349.00 3500 5500 6500 9500 9500
Current Account to GDP (% of GDP) -2.80 -1.5 -1.5 -1.5 1 1
Government Debt to GDP (% of GDP) 32.50 34 34 34 34 34
Government Budget (% of GDP) -11.20 -6.5 -6.5 -6.5 -4.5 -4.5
Manufacturing PMI (points) 56.40 56 55 58 60 57
Consumer Confidence (points) 125.00 118 120 115 110 110
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 2022
GDP Growth Rate (%) -0.50 1 1.5 1 1 1
GDP Annual Growth Rate (%) -3.00 6.1 3.5 2.5 3.1 4
GDP (USD Billion) 792.97 790 790 790 820 820
GDP Constant Prices (SAR Million) 634593.00 634306 643175 674565 654265 701547
Gross Fixed Capital Formation (SAR Million) 177330.00 145774 145508 171486 182827 178345
GDP per capita (USD) 19996.00 21162 21162 21162 21287 21287
GDP per capita PPP (USD) 46962.10 48950 48950 48950 48950 50100
GDP From Agriculture (SAR Million) 16648.00 15530 16141 14348 17164 14922
GDP From Construction (SAR Million) 30641.00 28863 31219 31422 31591 32679
GDP From Manufacturing (SAR Million) 82532.00 71480 72579 79973 85090 83171
GDP From Mining (SAR Million) 213033.00 252115 239162 238100 219637 247624
GDP From Transport (SAR Million) 40044.00 35362 38400 41879 41285 43555
GDP From Utilities (SAR Million) 4038.00 9084 14893 6056 4163 6298

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 7.40 8.5 8 8 7.5 7.5
Unemployed Persons 1002855.00 1031467 1025772 1050530 1050530 954030
Population (Million) 35.00 35.81 35.81 35.81 35.81 36.61
Labor Force Participation Rate (%) 61.00 60 60 60 61 61
Employed Persons (Thousand) 13391.00 11500 11500 11500 12000 12000
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 2022
Inflation Rate (%) 5.70 6.2 1.2 2 2.1 2
Consumer Price Index CPI (points) 104.09 104 105 106 106 108
Food Inflation (%) 7.40 8 5.5 3.5 1.5 3
Inflation Rate Mom (%) 0.20 0.3 0.52 0.2 0.2 0.2
Cpi Housing Utilities (points) 88.47 95.82 91.99 91.9 90.68 93.74
CPI Transportation (points) 112.48 99.21 109 109 113 111
GDP Deflator (points) 112.65 120 114 115 115 117
Producer Prices (points) 137.10 135 137 138 139 143
Producer Prices Change (%) 17.50 15.8 7.3 8.2 5.9 4

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 1.00 1 1 1 1 1
Money Supply M0 (SAR Million) 362435.00 370084 376497 382911 389325 408566
Money Supply M1 (SAR Million) 1538328.00 1582719 1629627 1676535 1723444 1864169
Interbank Rate (%) 0.80 0.8 0.8 0.8 0.8 0.8
Money Supply M2 (SAR Million) 1975585.00 2041801 2083457 2125113 2166768 2291735
Money Supply M3 (SAR Million) 2204765.00 2236234 2281790 2327345 2372901 2509568
Banks Balance Sheet (Million SAR) 3083042.32 3199274 3295284 3391294 3484831 3775332
Foreign Exchange Reserves (SAR Million) 1652829.00 1519797 1656803 1817138 1719797 1830106
Deposit Interest Rate (%) 1.65 1.65 1.65 1.65 1.65 1.65
Loan Growth (%) 14.40 12.9 10.1 11 8.3 5
Loans To Private Sector (SAR Million) 1884373.59 1773924 1784125 1806563 1929587 1878826
Central Bank Balance Sheet (Million SAR) 1831955.00 1891339 1921389 1951439 1981489 2081654
Reverse Repo Rate (%) 0.50 0.5 0.5 0.5 0.5 0.5

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (Million SAR) 57956.00 64741 71487 129000 129000 104666
Current Account (USD Million) 3349.00 3500 5500 6500 9500 9500
Current Account to GDP (% of GDP) -2.80 -1.5 -1.5 -1.5 1 1
Imports (Million SAR) 120980.00 132550 129500 133000 129800 133000
Exports (Million SAR) 178936.00 204037 214500 237666 216555 237666
Tourism Revenues (USD Million) 19849.00 15606 15606 15606 16029 16029
Crude Oil Production (BBL/D/1K) 8544.00 9800 10000 11000 11600 12000
Foreign Direct Investment (USD Million) 1871.00 1269 1315 1351 1500 1900
Tourist Arrivals (Thousand ) 16214.00 19500 19500 19500 19500 21000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 32.50 34 34 34 34 34
Government Budget (% of GDP) -11.20 -6.5 -6.5 -6.5 -4.5 -4.5
Government Spending (SAR Million) 164082.00 179531 186072 238609 169169 248153
Government Revenues (SAR Million) 781834.00 654732 654732 654732 730132 730132
Fiscal Expenditure (SAR Million) 1075734.00 1191292 1191292 1191292 1245349 1245349
Military Expenditure (USD Million) 55535.00 63750 63750 63750 71350 71350
Government Budget Value (SAR Million) -293900.00 -284629 -284629 -284629 -334271 -334271

Taxes Actual Q2 Q3 Q4 Q1 2022
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 10 10

Business Actual Q2 Q3 Q4 Q1 2022
Manufacturing PMI (points) 56.40 56 55 58 60 57
Industrial Production (%) -6.90 13.5 15.4 10 8.5 5
Manufacturing Production (%) -10.60 9.5 6.5 10.5 5.5 10.5
Mining Production (%) -6.20 6.5 1 2.5 5.5 2.5
Industrial Production Mom (%) 0.60 1.5 2.1 1.1 0.9 0.5
Steel Production (Thousand Tonnes) 440.00 600 610 650 610 650

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 125.00 118 120 115 110 110
Consumer Spending (SAR Million) 314937.00 258392 306059 308007 324700 320328
Households Debt To GDP (% of GDP) 14.60 14.5 13.2 13.5 13.5 13.5
Gasoline Prices (USD/Liter) 0.59 0.45 0.42 0.46 0.38 0.36

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 81.30 82 83 84 84 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.