Markets Actual Q4 Q1 Q2 Q3 2022
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 10810.60 11094 10892 10694 10499 10120

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 5.80 3 1 0.5 0.7 0.5
GDP Annual Growth Rate (%) 6.80 2.9 4.1 3.3 3 4
Unemployment Rate (%) 6.60 6.3 6.1 6 6 6
Inflation Rate (%) 0.80 1.6 2.3 2.3 2.2 2
Interest Rate (%) 1.00 1 1.25 1.25 1.25 1.5
Balance of Trade (Million SAR) 110649.93 104660 86755 89125 109800 145000
Current Account (USD Million) 12017.00 1425 927 430 430 1000
Current Account to GDP (% of GDP) -2.80 3 2 2 2 2
Government Debt to GDP (% of GDP) 32.50 34 34 34 34 34
Government Budget (% of GDP) -11.20 -3.5 -2.5 -2.5 -2.5 -2.5
Manufacturing PMI (points) 57.70 58 60 57 55 57
Consumer Confidence (points) 122.00 115 110 110 110 110
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 5.80 3 1 0.5 0.7 0.5
GDP Annual Growth Rate (%) 6.80 2.9 4.1 3.3 3 4
GDP (USD Billion) 700.12 790 820 820 820 820
GDP Constant Prices (SAR Million) 608791.00 727788 677197 660611 628881 704285
Gross Fixed Capital Formation (SAR Million) 181917.00 198089 172155 184601 187920 179041
GDP per capita (USD) 18691.25 21162 21287 21287 21287 21287
GDP per capita PPP (USD) 44328.18 48950 50100 50100 50100 50100
GDP From Agriculture (SAR Million) 15060.00 16304 14404 17331 15557 14980
GDP From Construction (SAR Million) 28079.00 30825 31545 31897 29006 32807
GDP From Manufacturing (SAR Million) 76679.00 85639 80285 85916 79209 83496
GDP From Mining (SAR Million) 218143.00 284971 239029 221767 225342 248591
GDP From Transport (SAR Million) 37030.00 39975 42043 41686 38252 43725
GDP From Utilities (SAR Million) 8846.00 16308 6079 4204 9138 6323

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 6.60 6.3 6.1 6 6 6
Unemployed Persons 945387.00 1138100 1070431 1036596 1036596 1020530
Population (Million) 35.00 35.81 35.81 36.61 36.61 36.61
Labor Force Participation Rate (%) 60.80 61 61 61 61 61
Employed Persons (Thousand) 13391.00 11500 12000 12000 12000 12000
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 2022
Inflation Rate (%) 0.80 1.6 2.3 2.3 2.2 2
Consumer Price Index CPI (points) 104.95 105 106 107 107 108
Food Inflation (%) 1.40 3.5 1.5 1.3 1.3 3
Inflation Rate Mom (%) 0.20 0.2 0.2 0.2 0.2 0.2
CPI Housing Utilities (points) 88.85 91.54 90.85 90.17 90.08 93.37
CPI Transportation (points) 113.84 114 114 115 115 115
GDP Deflator (points) 103.72 105 106 106 106 107
Producer Prices (points) 142.60 142 144 146 148 147
Producer Prices Change (%) 11.90 11.7 9.3 4.5 3.9 3.3

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 1.00 1 1.25 1.25 1.25 1.5
Money Supply M0 (SAR Million) 353711.00 382911 389325 396147 396147 408566
Money Supply M1 (SAR Million) 1527001.00 1676535 1723444 1774925 1774925 1864169
Interbank Rate (%) 0.80 3.19 1.05 1.05 1.05 1.3
Money Supply M2 (SAR Million) 2002186.00 2125113 2166768 2197185 2197185 2291735
Money Supply M3 (SAR Million) 2272957.00 2327345 2372901 2413781 2413781 2509568
Banks Balance Sheet (Million SAR) 3151241.79 3391294 3484831 3564972 3564972 3775332
Foreign Exchange Reserves (SAR Million) 1745594.00 1817138 1719797 1824712 1824712 1830106
Deposit Interest Rate (%) 1.65 1.65 1.9 1.9 1.9 2.15
Loan Growth (%) 15.80 11 8.3 6.5 6 5
Loans To Private Sector (SAR Million) 1985710.70 1813613 1948303 1997783 2045282 1886158
Central Bank Balance Sheet (Million SAR) 1890704.00 1951439 1981489 2016419 2016419 2081654
Reverse Repo Rate (%) 0.50 0.5 0.5 0.75 0.75 1

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (Million SAR) 110649.93 104660 86755 89125 109800 145000
Current Account (USD Million) 12017.00 1425 927 430 430 1000
Current Account to GDP (% of GDP) -2.80 3 2 2 2 2
Imports (Million SAR) 126841.00 133000 129800 134630 135200 135000
Exports (Million SAR) 237491.00 237660 216555 223755 245000 280000
Tourism Revenues (USD Million) 19849.00 15606 16029 16029 16029 16029
Crude Oil Production (BBL/D/1K) 9780.00 10000 9900 10000 10500 10500
Foreign Direct Investment (USD Million) 13829.00 1730 1600 1400 1000 500
Tourist Arrivals (Thousand ) 16214.00 19500 21000 21000 21000 21000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 32.50 34 34 34 34 34
Government Budget (% of GDP) -11.20 -3.5 -2.5 -2.5 -2.5 -2.5
Government Spending (SAR Million) 181365.00 208763 239540 170809 187350 249121
Government Revenues (SAR Million) 781834.00 654732 730132 730132 730132 730132
Fiscal Expenditure (SAR Million) 1075734.00 1191292 1245349 1245349 1245349 1245349
Military Expenditure (USD Million) 55535.00 63750 71350 71350 71350 71350
Government Budget Value (SAR Million) -293900.00 -284629 -334271 -334271 -334271 -334271

Taxes Actual Q4 Q1 Q2 Q3 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 10 10 10 10

Business Actual Q4 Q1 Q2 Q3 2022
Manufacturing PMI (points) 57.70 58 60 57 55 57
Industrial Production (%) 5.80 4.8 16.5 23 12 12.1
Manufacturing Production (%) 5.00 10.5 5.5 3.5 3.5 10.5
Mining Production (%) 6.50 2.5 5.5 2.5 2.5 2.5
Industrial Production Mom (%) 3.60 1.1 0.9 0.9 0.9 0.5
Steel Production (Thousand Tonnes) 440.00 650 610 610 610 650

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 122.00 115 110 110 110 110
Consumer Spending (SAR Million) 321916.00 301003 309209 327849 332539 321578
Households Debt To GDP (% of GDP) 15.10 13.5 13.5 13.5 13.5 13.5
Gasoline Prices (USD/Liter) 0.62 0.46 0.56 0.53 0.51 0.48

Housing Actual Q4 Q1 Q2 Q3 2022
Housing Index (points) 80.90 84 84 85 85 85


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 Monday, November 29, 2021.