Saudi Arabia Current Account to GDP

Saudi Arabia is expected to record a Current Account surplus of 18 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Saudi Arabia is reported by the Saudi Arabia Monetary Agency. Current Account to GDP in Saudi Arabia averaged 4.25 Percent from 1980 until 2013, reaching an all time high of 28.50 Percent in 2005 and a record low of -21 Percent in 1991. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Saudi Arabia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
18.00 22.50 28.50 -21.00 16.97 | 2014/06 1980 - 2013 Percent Yearly

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Saudi Arabia Current Account to GDP
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 to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


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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