Saudi Arabia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.90 1.9 2.1 2.2 2.4 3.5 percent [+]
Unemployment Rate 5.70 5.8 5.9 5.9 5.9 5.9 percent [+]
Inflation Rate -0.40 0.4 1.2 2.5 2.9 3.1 percent [+]
Interest Rate 2.00 2 2 2.5 2.5 3.25 percent [+]
Balance of Trade 88253.00 63000 71000 91500 43000 54000 Million SAR [+]
Government Debt to GDP 5.90 13 13 13 15 20 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 3.75 3.79 3.83 3.94 3.9 4.5 [+]
Stock Market 6962.28 6920 6850 6640 6710 5590 points [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.90 1.9 2.1 2.2 2.4 3.5 percent [+]
GDP Annual Growth Rate 1.20 1.9 2.1 2.2 2.4 3.5 percent [+]
GDP 646.00 680 680 680 745 780 USD Billion [+]
GDP Constant Prices 661612.00 650456 651989 676167 674157 737412 SAR Million [+]
Gross Fixed Capital Formation 140536.00 150000 155000 200000 112945 258000 SAR Million [+]
GDP per capita 21312.82 21686 21800 21808 21567 23186 USD [+]
GDP per capita PPP 50283.93 50549 50559 50569 50625 51462 USD [+]
GDP From Agriculture 13272.00 14388 15126 11518 15400 12489 SAR Million [+]
GDP From Construction 30346.00 30800 30600 31000 32000 35698 SAR Million [+]
GDP From Manufacturing 77718.00 77538 79815 80996 82649 95118 SAR Million [+]
GDP From Mining 264505.00 275273 272846 271405 270495 310079 SAR Million [+]
GDP From Transport 38853.00 38442 37258 42881 41245 51482 SAR Million [+]
GDP From Utilities 5907.00 10571 14000 6030 3600 6310 SAR Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 5.70 5.8 5.9 5.9 5.9 5.9 percent [+]
Unemployed Persons 751811.00 702000 758000 758000 704000 790000 [+]
Population 31.74 31.87 32.06 32.24 32.24 34.94 Million [+]
Labor Force Participation Rate 55.30 55.1 55.5 55.3 55.4 55.6 percent [+]
Employed Persons 11067.67 11072 11072 11072 11245 13090 Thousand [+]
Retirement Age Men 62.00 62 62 62 62 62 [+]
Retirement Age Women 55.00 55 55 55 55 55 [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate -0.40 0.4 1.2 2.5 2.9 3.1 percent [+]
Consumer Price Index CPI 136.70 138 139 140 141 155 Index Points [+]
Food Inflation -2.70 -0.9 0.8 2.1 2.3 3 percent [+]
Producer Prices 160.80 163 165 166 167 178 Index Points [+]
Producer Prices Change 1.97 0.5 1.3 2.6 3.1 1.8 percent [+]
Inflation Rate Mom -0.10 0.2 0.3 0.2 0.08 0.4 percent [+]
GDP Deflator 126.49 131 131 131 136 146 Index Points [+]
Cpi Transportation 121.00 121 123 124 126 138 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 2.00 2 2 2.5 2.5 3.25 percent [+]
Interbank Rate 1.89 2 2.5 2.75 3 5.4 percent [+]
Money Supply M0 297934.00 295000 289000 297000 299670 355000 SAR Million [+]
Money Supply M1 1140483.00 1154352 1160000 1173339 1195263 1523443 SAR Million [+]
Money Supply M2 1609246.00 1609484 1619671 1623464 1649549 1992800 SAR Million [+]
Money Supply M3 1753865.00 1726331 1700000 1800000 1820550 2640000 SAR Million [+]
Foreign Exchange Reserves 1927812.00 1817763 18500200 187429 1927060 2155079 SAR Million [+]
Banks Balance Sheet 2233778.92 2260000 2280000 2290000 2300000 2640000 Million SAR [+]
Deposit Interest Rate 2.89 3 3 3 5 6 percent [+]
Loan Growth 0.30 1.2 1.6 2.9 4.2 9.5 percent [+]
Loans To Banks 53244.00 55500 58000 61200 59646 88200 SAR Million [+]
Central Bank Balance Sheet 2000187.00 2000000 203000 2070000 2100000 2440000 Million SAR [+]
Reverse Repo Rate 1.00 1 1.25 1.5 1.5 3.5 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 88253.00 63000 71000 91500 43000 54000 Million SAR [+]
Exports 193479.00 195000 194000 215000 181000 260000 Million SAR [+]
Imports 105226.00 132000 124000 118000 138000 140000 Million SAR [+]
Current Account -1197.00 -3579 -2750 -600 3300 7180 USD Million [+]
Current Account to GDP -8.20 -3 -3 -3 -1 3 percent [+]
Capital Flows -21245.00 -19521 -15000 -18834 -15700 12844 USD Million [+]
Tourism Revenues 9263.00 11165 11165 11165 12058 13547 USD Million [+]
Gold Reserves 322.90 323 323 323 323 323 Tonnes [+]
Crude Oil Production 9900.00 9708 9721 9800 9754 10201 BBL/D/1K [+]
Foreign Direct Investment 2007.00 1950 1870 2100 2050 2430 USD Million [+]
Tourist Arrivals 15098.00 17100 17100 17100 18689 21230 Thousand [+]
Terrorism Index 5.40 5.8 5.8 5.8 6 5.4 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 5.90 13 13 13 15 20 percent [+]
Government Budget -17.30 -9.5 -9.5 -9.5 -6.8 -1.5 percent of GDP [+]
Government Spending 174566.00 163700 140000 154000 164000 159000 SAR Million [+]
Government Revenues 615910.00 600882 600882 600882 703032 1012366 SAR Million [+]
Fiscal Expenditure 978139.00 957109 982257 957109 1004964 1150584 SAR Million [+]
Government Budget Value -362229.00 -356227 -356227 -356227 -301933 -138218 SAR Million [+]
Military Expenditure 85354.40 88382 88382 88382 92727 99732 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 3.00 1 3 5 1 12 [+]
Manufacturing PMI 56.40 55.8 54.4 56.2 56.8 57 [+]
Industrial Production 4.00 5 5 5 3.8 4.3 percent [+]
Changes in Inventories 16091.00 36000 45000 20000 61000 10000 SAR Million [+]
Competitiveness Index 4.84 4.8 4.8 4.8 5 5.4 Points [+]
Competitiveness Rank 29.00 29 29 29 27 21 [+]
Ease of Doing Business 94.00 92 92 92 90 83 [+]
Corruption Index 46.00 50 50 50 54 56 Points [+]
Corruption Rank 62.00 55 55 55 50 44 [+]
Steel Production 480.00 470 480 540 530 580 Thousand Tonnes [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 94.00 101 102 103 97 109 [+]
Consumer Spending 258664.00 260800 261544 248282 266000 371111 SAR Million [+]
Gasoline Prices 0.24 0.3 0.3 0.3 0.4 0.6 USD/Liter [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 87.50 91.4 89.6 86.5 95.7 96.3 Index Points [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 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. 4/24/2017