Saudi Arabia recorded a Current Account surplus of 2858 USD Million in the first quarter of 2020.

Current Account in Saudi Arabia averaged 12906.16 USD Million from 1971 until 2020, reaching an all time high of 90060.70 USD Million in the fourth quarter of 2005 and a record low of -27509.30 USD Million in the fourth quarter of 1991. This page provides - Saudi Arabia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Current Account - values, historical data and charts - was last updated on August of 2020. source: Saudi Arabian Monetary Agency

Current Account in Saudi Arabia is expected to be -3500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Saudi Arabia to stand at -1500.00 in 12 months time. In the long-term, the Saudi Arabia Current Account is projected to trend around -1500.00 USD Million in 2021 and 6500.00 USD Million in 2022, according to our econometric models.

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Saudi Arabia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
2858.00 9213.00 90060.70 -27509.30 1971 - 2020 USD Million Quarterly

Saudi Arabia Trade Last Previous Highest Lowest Unit
Balance of Trade 85162.00 121276.00 454159.00 3898.00 Million SAR [+]
Current Account 2858.00 9213.00 90060.70 -27509.30 USD Million [+]
Current Account to GDP 6.30 9.00 28.50 -21.00 percent [+]
Imports 111838.00 117252.00 222985.00 2578.00 Million SAR [+]
Exports 197000.00 238528.00 677144.00 9118.00 Million SAR [+]
Capital Flows 1070.58 8852.13 102296.29 -49295.00 USD Million [+]
Tourism Revenues 16975.00 15020.00 16975.00 3418.00 USD Million [+]
Gold Reserves 323.10 323.07 323.10 142.95 Tonnes [+]
Crude Oil Production 7484.00 8486.00 12007.00 2340.00 BBL/D/1K [+]
Foreign Direct Investment 1613.00 1042.00 11746.54 264.00 USD Million [+]
Remittances 30165.00 29168.00 38101.00 12479.00 SAR Million [+]
Tourist Arrivals 17570.00 18607.00 23010.00 6585.00 Thousand [+]
Terrorism Index 5.24 5.48 5.81 2.41 [+]
Non Oil Exports 47050.00 52787.00 60357.00 19786.00 Million SAR [+]
Oil Exports 149950.00 185741.00 338945.00 97157.00 Million SAR [+]


Saudi Arabia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).