Saudi Arabia Current Account

Saudi Arabia recorded a Current Account surplus of 37822 USD Million in the fourth quarter of 2013. Current Account in Saudi Arabia is reported by the Saudi Arabian Monetary Agency. Current Account in Saudi Arabia averaged 15833.08 USD Million from 1971 until 2013, reaching an all time high of 90060.70 USD Million in the fourth quarter of 2005 and a record low of -27509.30 USD Million in the fourth quarter of 1991. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Saudi Arabia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
37822.00 38173.00 90060.70 -27509.30 37630.43 | 2014/03 1971 - 2013 USD Million Quarterly

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Saudi Arabia Current Account
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account 37822.00 2013-12-31 38173.00 90060.70 -27509.30 37630.43 2014-03-31 USD Million [+]
Balance of Trade 231276.03 2013-12-31 227525.55 454159.00 3898.00 226161.09 2014-03-31 Million SAR [+]
Current Account to GDP 18.00 2013-12-31 22.50 28.50 -21.00 16.97 2014-06-30 Percent [+]
Crude Oil Production 9840.00 2013-10-15 10140.00 10414.00 2340.00 10069.98 2013-11-30 Thousands Barrels per Day [+]
Exports 369062.00 2013-12-31 366596.00 677144.00 9118.00 365898.51 2014-03-31 Million SAR [+]
Imports 137786.10 2013-12-31 139070.67 222985.00 2578.00 139442.71 2014-03-31 Million SAR [+]
[+]


Current Account | Notes
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). The balance of trade is typically the most important part of the current account. And a current account surplus is usually associated with trade surplus. However, for the few countries with substantial overseas assets or liabilities, net factor payments may be significant. Positive net sales to abroad generally contribute to a current account surplus as the value interest or dividends generated abroad is bigger than the value of interest or dividends generated from foreign capital in the country. Net transfer payments are very important part of the current account in poor and developing countries as workers' remittances, donations, aids and grants and official assistance may balance high trade deficits.


RELATED NEWS

Saudi Arabia Inflation Rate at 2.60 Percent  
The inflation rate in Saudi Arabia was recorded at 2.60 percent in March of 2014. Inflation Rate in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia Crude Oil Production at 9840.00 Thousands Barrels per Day  
Crude Oil Production in Saudi Arabia decreased to 9840 Thousands Barrels per Day in October of 2013 from 10140 Thousands Barrels per Day in September of 2013. Crude Oil Production in Saudi Arabia is reported by the U.S. Energy Information Administration.
Saudi Arabia Changes in Inventories at 288.00 SAR Million  
Changes in Inventories in Saudi Arabia decreased to 288 SAR Million in the fourth quarter of 2013 from 28756 SAR Million in the third quarter of 2013. Changes in Inventories in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia Consumer Price Index (CPI) at 128.80 Index Points  
Consumer Price Index (CPI) in Saudi Arabia increased to 128.80 Index Points in February of 2014 from 128.70 Index Points in January of 2014. Consumer Price Index (CPI) in Saudi Arabia is reported by the Ministry of Economy and Planning.
Saudi Arabia Consumer Spending at 213128.00 SAR Million  
Consumer Spending in Saudi Arabia increased to 213128 SAR Million in the fourth quarter of 2013 from 209332 SAR Million in the third quarter of 2013. Consumer Spending in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia GDP Constant Prices at 323164.00 SAR Million  
GDP Constant Prices in Saudi Arabia increased to 323164 SAR Million in the fourth quarter of 2013 from 318194 SAR Million in the third quarter of 2013. GDP Constant Prices in Saudi Arabia is reported by the Central Department Of Statistics & Information.
Saudi Arabia Government Spending at 150562.00 SAR Million  
Government Spending in Saudi Arabia increased to 150562 SAR Million in the fourth quarter of 2013 from 150472 SAR Million in the third quarter of 2013. Government Spending in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia Gross Fixed Capital Formation at 175843.00 SAR Million  
Gross Fixed Capital Formation in Saudi Arabia increased to 175843 SAR Million in the fourth quarter of 2013 from 153142 SAR Million in the third quarter of 2013. Gross Fixed Capital Formation in Saudi Arabia is reported by the Central Department Of Statistics & Information.
Saudi Arabia Balance of Trade at 231276.03 Million SAR  
Saudi Arabia recorded a trade surplus of 231276.03 Million SAR in the fourth quarter of 2013. Balance of Trade in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia Imports at 137786.10 Million SAR  
Imports in Saudi Arabia decreased to 137786.10 Million SAR in the fourth quarter of 2013 from 139070.67 Million SAR in the third quarter of 2013. Imports in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
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