Saudi Arabia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.40 0.5 1.7 1.9 2.1 3.5 percent [+]
Unemployment Rate 5.70 5.8 6 6 6.1 5.8 percent [+]
Inflation Rate 2.60 2.9 3.3 3.5 3.4 3.1 percent [+]
Interest Rate 2.00 2.5 2.5 2.5 2.5 5.5 percent [+]
Balance of Trade 56231.00 21344 23239 51138 40283 109761 Million SAR [+]
Government Debt to GDP 5.90 10.59 13 13 13 20 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Stock Market 7124.10 6580 6510 6450 6380 5320 points [+]
Currency 3.75 3.79 3.83 3.86 3.9 4.5 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.40 0.5 1.7 1.9 2.1 3.5 percent [+]
GDP Annual Growth Rate 1.40 0.5 1.7 1.9 2.1 3.5 percent [+]
GDP 646.00 638 680 680 680 780 USD Billion [+]
GDP Constant Prices 633050.00 640171 652379 643880 645996 713514 SAR Million [+]
Gross Fixed Capital Formation 160008.00 145000 170000 150000 155000 258000 SAR Million [+]
GDP per capita 21312.82 21433 21610 21686 21800 23186 USD [+]
GDP per capita PPP 50283.97 50793 50934 51075 51216 53219 USD [+]
GDP From Agriculture 13393.00 11348 13802 14388 13126 12489 SAR Million [+]
GDP From Construction 30240.00 30789 31934 30745 31825 35698 SAR Million [+]
GDP From Manufacturing 74164.00 77574 82299 79538 79075 95118 SAR Million [+]
GDP From Mining 256955.00 260798 260857 275273 258044 310079 SAR Million [+]
GDP From Transport 36396.00 36193 37459 35442 38044 41482 SAR Million [+]
GDP From Utilities 10010.00 5443 3563 10371 13103 6100 SAR Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 5.70 5.8 6 6 6.1 5.8 percent [+]
Unemployed Persons 751811.00 705000 710000 710000 713000 700000 [+]
Population 31.52 32.24 32.42 32.59 32.77 34.94 Million [+]
Retirement Age Men 62.00 62 62 62 62 62 [+]
Retirement Age Women 55.00 55 55 55 55 55 [+]
Labor Force Participation Rate 55.30 55 54.8 54.8 55 55.6 percent [+]
Employed Persons 11067.67 11016 11029 11043 11056 10990 Thousand [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 2.60 2.9 3.3 3.5 3.4 3.1 percent [+]
Consumer Price Index CPI 137.80 140 143 143 144 163 Index Points [+]
Food Inflation -2.10 0.3 0.5 0.9 1.2 3 percent [+]
Producer Prices 163.10 150 152 152 164 174 Index Points [+]
Producer Prices Change 3.70 -2.2 -0.5 -0.5 0.9 1.6 percent [+]
Inflation Rate Mom 0.10 0.1 0.2 0.2 0.3 0.4 percent [+]
GDP Deflator 96.00 125 127 127 90.31 146 Index Points [+]
Cpi Transportation 121.70 122 122 122 122 122 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 2.00 2.5 2.5 2.5 2.5 5.5 percent [+]
Interbank Rate 2.37 2.7 2.9 3.1 3.3 5.4 percent [+]
Money Supply M0 303837.00 272000 295000 295000 289000 355000 SAR Million [+]
Money Supply M1 1133929.00 1145818 1130037 1124352 1150000 1523443 SAR Million [+]
Money Supply M2 1631953.00 1621668 1652493 1683574 1714943 2160773 SAR Million [+]
Money Supply M3 1755933.00 1724395 1698932 1668102 1700000 2640000 SAR Million [+]
Foreign Exchange Reserves 2039458.00 1989166 1918893 1855931 18500200 2155079 SAR Million [+]
Banks Balance Sheet 2269121.18 2250000 2250000 2260000 2280000 2640000 Million SAR [+]
Deposit Interest Rate 2.89 3 3 3 3.5 6 percent [+]
Loan Growth 6.30 5.82 5.24 4.88 6.8 9.5 percent [+]
Loans To Banks 57184.00 82020 77500 80500 75000 88200 SAR Million [+]
Central Bank Balance Sheet 2124042.00 2100000 2050000 2070000 2120000 2440000 Million SAR [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 56231.00 21344 23239 51138 40283 109761 Million SAR [+]
Exports 172633.00 153208 143764 182090 162451 266976 Million SAR [+]
Imports 116402.00 131865 120524 130952 122168 157215 Million SAR [+]
Current Account -8368.00 -16017 -14996 -14032 -15750 7180 USD Million [+]
Current Account to GDP -8.20 -5 -3 -3 -3 7 percent [+]
Capital Flows -22756.00 -28532 -25540 -19521 -15000 12844 USD Million [+]
Tourism Revenues 1232.00 1270 1276 1282 1293 1440 USD Billion [+]
Gold Reserves 322.90 323 323 323 323 323 Tonnes [+]
Crude Oil Production 10625.00 10180 10300 10540 10400 11001 BBL/D/1K [+]
Foreign Direct Investment 1852.00 1733 1750 1869 1800 2474 USD Million [+]
Tourist Arrivals 15098.00 17100 17100 17100 17100 19330 Thousand [+]
Terrorism Index 5.40 5.7 5.8 5.8 5.8 5.4 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 5.90 10.59 13 13 13 20 percent [+]
Government Budget -15.00 -7.3 -5 -5 -5 -2.9 percent of GDP [+]
Government Spending 150633.00 131360 113355 113357 116004 142000 SAR Million [+]
Government Revenues 615910.00 554319 600882 600882 758642 1012366 SAR Million [+]
Fiscal Expenditure 978139.00 929232 957109 957109 970553 1150584 SAR Million [+]
Military Expenditure 85354.40 87701 88041 88382 89124 94732 USD Million [+]
Government Budget Value -362229.00 -374913 -356227 -356227 -356227 -138218 SAR Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 3.00 2 5 7 4 12 [+]
Manufacturing PMI 55.00 54 55.2 55.5 54.4 57 [+]
Industrial Production 2.70 5.5 1.2 1.2 1.2 1.9 percent [+]
Changes in Inventories 35360.00 22010 49811 37067 46687 37715 SAR Million [+]
Competitiveness Index 4.84 5.07 5.13 5.13 5.13 5.23 Points [+]
Competitiveness Rank 29.00 25.11 25.11 25.11 25.68 21 [+]
Ease of Doing Business 94.00 82 81 81 81 78 [+]
Corruption Index 52.00 52 53 53 53 56 Points [+]
Corruption Rank 48.00 48 47 47 47 44 [+]
Steel Production 438.00 290 380 350 300 590 Thousand Tonnes [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 100.00 102 102 101 102 104 [+]
Consumer Spending 258107.00 240473 259891 238898 244544 273306 SAR Million [+]
Gasoline Prices 0.24 0.24 0.28 0.3 0.3 0.5 USD/Liter [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/8/2016