Saudi Arabia Crude Oil Production  Forecast 2016-2020

Crude Oil Production in Saudi Arabia is expected to be 9708.00 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 9754.00 in 12 months time. In the long-term, the Saudi Arabia Crude Oil Production is projected to trend around 10200.69 BBL/D/1K in 2020, according to our econometric models.

Saudi Arabia Crude Oil Production
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Crude Oil Production 9946 9708 9721 9800 9754 10201 BBL/D/1K
Saudi Arabia Crude Oil Production Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Saudi Arabia Crude Oil Production using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Saudi Arabia Crude Oil Production - was last predicted on Monday, May 29, 2017.
Saudi Arabia Trade Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 88253 63000 71000 91500 43000 54000
Exports 193479 195000 194000 215000 181000 260000
Imports 105226 132000 124000 118000 138000 140000
Current Account -1197 -3579 -2750 -600 3300 7180
Current Account to GDP -8.2 -3 -3 -3 -1 3
Capital Flows -21245 -19521 -15000 -18834 -15700 12844
Tourism Revenues 9263 11165 11165 11165 12058 13547
Gold Reserves 323 323 323 323 323 323
Crude Oil Production 9946 9708 9721 9800 9754 10201
Foreign Direct Investment 2007 1950 1870 2100 2050 2430
Tourist Arrivals 15098 17100 17100 17100 18689 21230
Terrorism Index 5.4 5.8 5.8 5.8 6 5.4