Saudi Arabia Crude Oil Production - Forecast

Crude Oil Production in Saudi Arabia is expected to be 10250.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Saudi Arabia to stand at 9850.00 in 12 months time. In the long-term, the Saudi Arabia Crude Oil Production is projected to trend around 10200.00 BBL/D/1K in 2020, according to our econometric models.


Forecast Data Chart
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Saudi Arabia Trade Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 120299 114000 113000 135000 138000 126000
Exports 243713 250000 233000 260000 265000 260000
Imports 123414 136000 120000 125000 127000 134000
Current Account 11065 7500 7000 6800 6200 4500
Current Account to GDP 2.2 3 3 2 2 3
Capital Flows 8820 1800 -1400 -3600 -4000 1500
Tourism Revenues 12139 11600 12000 11890 11900 13500
Gold Reserves 323 323 323 323 323 323
Crude Oil Production 10412 10250 10050 10000 9850 10200
Foreign Direct Investment 838 270 272 275 276 290
Terrorism Index 5.81 5.6 5.6 5.5 5.5 5.4
Tourist Arrivals 16119 16025 18689 17500 18200 21230
Remittances 32130 33100 32900 32300 32400 36800