Saudi Arabia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.90 1.7 1.9 2.1 2.2 3.5 percent [+]
Unemployment Rate 5.70 5.8 5.9 6.1 6 5.8 percent [+]
Inflation Rate -0.10 0.1 0.5 1.2 2.5 3.1 percent [+]
Interest Rate 2.00 2 2 2 2.5 3.25 percent [+]
Balance of Trade 88253.00 77000 68800 71000 91500 54000 Million SAR [+]
Government Debt to GDP 5.90 13 13 13 13 20 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 3.75 3.79 3.83 3.86 3.94 4.5 [+]
Stock Market 7001.63 6900 6830 6760 6620 5580 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.90 1.7 1.9 2.1 2.2 3.5 percent [+]
GDP Annual Growth Rate 1.20 1.7 1.9 2.1 2.2 3.5 percent [+]
GDP 646.00 680 680 680 680 780 USD Billion [+]
GDP Constant Prices 661612.00 652379 643880 645996 654255 713514 SAR Million [+]
Gross Fixed Capital Formation 140536.00 170000 150000 155000 200000 258000 SAR Million [+]
GDP per capita 21312.82 21610 21686 21800 21808 23186 USD [+]
GDP per capita PPP 50283.93 50707 50735 50764 50793 53219 USD [+]
GDP From Agriculture 13272.00 13802 14388 13126 11519 12489 SAR Million [+]
GDP From Construction 30346.00 31934 30745 31825 31558 35698 SAR Million [+]
GDP From Manufacturing 77718.00 82299 79538 78815 81996 95118 SAR Million [+]
GDP From Mining 264505.00 260857 275273 269846 269405 310079 SAR Million [+]
GDP From Transport 38853.00 37459 35442 37258 36881 41482 SAR Million [+]
GDP From Utilities 5907.00 3563 10371 7581 5492 6100 SAR Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.70 5.8 5.9 6.1 6 5.8 percent [+]
Unemployed Persons 751811.00 740000 730000 763000 753000 790000 [+]
Population 31.74 31.69 31.87 32.06 32.24 34.94 Million [+]
Labor Force Participation Rate 55.30 54.8 54.8 55 55 55.6 percent [+]
Employed Persons 11067.67 11101 11073 11044 11016 10990 Thousand [+]
Retirement Age Men 62.00 62 62 62 62 62 [+]
Retirement Age Women 55.00 55 55 55 55 55 [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate -0.10 0.1 0.5 1.2 2.5 3.1 percent [+]
Consumer Price Index CPI 136.90 138 138 139 140 155 Index Points [+]
Food Inflation -3.40 -3.6 0.5 1.6 2 3 percent [+]
Producer Prices 160.80 162 163 165 166 178 Index Points [+]
Producer Prices Change 1.97 -0.5 0.3 -0.31 2.6 1.8 percent [+]
Inflation Rate Mom 0.30 0.2 0.2 0.3 0.2 0.4 percent [+]
GDP Deflator 126.49 127 127 97.89 131 146 Index Points [+]
Cpi Transportation 120.90 121 121 123 124 138 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 2.00 2 2 2 2.5 3.25 percent [+]
Interbank Rate 2.02 2.9 3.1 3.3 3.5 5.4 percent [+]
Money Supply M0 301552.00 295000 295000 289000 297000 355000 SAR Million [+]
Money Supply M1 1149844.00 1130037 1124352 1150000 1173339 1523443 SAR Million [+]
Money Supply M2 1619671.00 1626411 1625240 1623034 1622298 1620697 SAR Million [+]
Money Supply M3 1753865.00 1750379 1726331 1700000 1800000 2640000 SAR Million [+]
Foreign Exchange Reserves 1964702.00 1917584 1848274 18500200 1730130 2155079 SAR Million [+]
Banks Balance Sheet 2241216.68 2250000 2260000 2280000 2290000 2640000 Million SAR [+]
Deposit Interest Rate 2.89 3 3 3.5 4.1 6 percent [+]
Loan Growth 0.30 -0.25 -2.11 6.8 7.2 9.5 percent [+]
Loans To Banks 56112.00 77500 80500 75000 85200 88200 SAR Million [+]
Central Bank Balance Sheet 2028643.00 2010000 2000000 203000 2070000 2440000 Million SAR [+]
Reverse Repo Rate 1.00 0.74 1.22 1.38 1.45 1.54 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 88253.00 77000 68800 71000 91500 54000 Million SAR [+]
Exports 193479.00 175000 170000 175000 215000 260000 Million SAR [+]
Imports 105226.00 134000 132000 124000 11800 140000 Million SAR [+]
Current Account -1197.00 -2335 -3579 -2750 -1065 7180 USD Million [+]
Current Account to GDP -8.20 -3 -3 -3 -3 7 percent [+]
Capital Flows -15817.00 -25540 -19521 -15000 -20834 12844 USD Million [+]
Tourism Revenues 9263.00 11165 11165 11165 11165 13547 USD Million [+]
Gold Reserves 322.90 323 323 323 323 323 Tonnes [+]
Crude Oil Production 9748.00 9725 9708 9721 9711 10201 BBL/D/1K [+]
Foreign Direct Investment 1711.00 1750 1784 1800 1853 2474 USD Million [+]
Tourist Arrivals 15098.00 17100 17100 17100 17100 19330 Thousand [+]
Terrorism Index 5.40 5.8 5.8 5.8 5.8 5.4 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 5.90 13 13 13 13 20 percent [+]
Government Budget -17.30 -7.7 -7.7 -7.7 -7.7 -2.9 percent of GDP [+]
Government Spending 174566.00 113355 113357 116004 131312 142000 SAR Million [+]
Government Revenues 615910.00 600882 600882 793441 600882 1012366 SAR Million [+]
Fiscal Expenditure 978139.00 957109 957109 982257 957109 1150584 SAR Million [+]
Government Budget Value -362229.00 -356227 -356227 -356227 -356227 -138218 SAR Million [+]
Military Expenditure 85354.40 87701 88041 88382 89124 94732 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 3.00 5 7 4 3 12 [+]
Manufacturing PMI 57.00 55.2 55.5 54.4 55.97 57 [+]
Industrial Production 2.70 1.2 1.2 1.2 1.2 1.9 percent [+]
Changes in Inventories 16091.00 49379 34941 44033 24221 34152 SAR Million [+]
Competitiveness Index 4.84 5.13 5.13 5.13 5.13 5.23 Points [+]
Competitiveness Rank 29.00 25.11 25.11 25.11 24 21 [+]
Ease of Doing Business 94.00 92 92 92 92 83 [+]
Corruption Index 46.00 53 53 53 53 56 Points [+]
Corruption Rank 62.00 47 47 47 47 44 [+]
Steel Production 480.00 510 470 480 540 580 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 94.00 98 101 102 103 109 [+]
Consumer Spending 258664.00 259891 260800 261544 248282 371111 SAR Million [+]
Gasoline Prices 0.24 0.28 0.3 0.3 0.3 0.5 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 87.50 93.1 91.4 89.6 86.5 96.3 Index Points [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 20.00 20 20 20 20 20 percent [+]
Personal Income Tax Rate 0.00 0 0 0 0 0 percent [+]
Social Security Rate 22.00 22 22 22 22 22 percent [+]
Social Security Rate For Companies 12.00 12 12 12 12 12 percent [+]
Social Security Rate For Employees 10.00 10 10 10 10 10 percent [+]





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. 3/31/2017