Saudi Arabia Crude Oil Production  Forecast 2016-2020

Crude Oil Production in Saudi Arabia is expected to be 9725.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Saudi Arabia to stand at 9711.00 in 12 months time. In the long-term, the Saudi Arabia Crude Oil Production is projected to trend around 10200.69 BBL/D/1K in 2020, according to our econometric models.

Saudi Arabia Crude Oil Production
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Forecast Actual Q1/17 Q2/17 Q3/17 Q4/17 2020 Unit
Crude Oil Production 9748 9725 9708 9721 9711 10201 BBL/D/1K
Saudi Arabia Crude Oil Production Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Saudi Arabia Crude Oil Production using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Saudi Arabia Crude Oil Production - was last predicted on Wednesday, March 29, 2017.
Saudi Arabia Trade Last Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 88253 77000 68800 71000 91500 54000
Exports 193479 175000 170000 175000 215000 260000
Imports 105226 134000 132000 124000 11800 140000
Current Account -1197 -2335 -3579 -2750 -1065 7180
Current Account to GDP -8.2 -3 -3 -3 -3 7
Capital Flows -15817 -25540 -19521 -15000 -20834 12844
Tourism Revenues 9263 11165 11165 11165 11165 13547
Gold Reserves 323 323 323 323 323 323
Crude Oil Production 9748 9725 9708 9721 9711 10201
Foreign Direct Investment 1711 1750 1784 1800 1853 2474
Tourist Arrivals 15098 17100 17100 17100 17100 19330
Terrorism Index 5.4 5.8 5.8 5.8 5.8 5.4