Markets Actual Q3 Q4 Q1 Q2 2022
Currency 3.75 3.75 3.75 3.75 3.75 3.75
Stock Market (points) 11422.11 11189 10966 10746 10532 10115

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.60 1.5 1 1 0.5 1
GDP Annual Growth Rate (%) 1.80 3.5 2.9 4.1 3.3 4
Unemployment Rate (%) 6.50 6.5 6.3 6.1 6 6
Inflation Rate (%) 0.30 2 2 2.1 2.1 2
Interest Rate (%) 1.00 1 1 1 1.25 1.5
Balance of Trade (Million SAR) 87372.00 81606 104660 86755 89125 145000
Current Account (USD Million) 8707.00 1923 1425 927 430 1000
Current Account to GDP (% of GDP) -2.80 3 3 2 2 2
Government Debt to GDP (% of GDP) 32.50 34 34 34 34 34
Government Budget (% of GDP) -11.20 -3.5 -3.5 -2.5 -2.5 -2.5
Manufacturing PMI (points) 54.10 55 58 60 57 57
Consumer Confidence (points) 130.00 120 115 110 110 110
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.60 1.5 1 1 0.5 1
GDP Annual Growth Rate (%) 1.80 3.5 2.9 4.1 3.3 4
GDP (USD Billion) 700.12 790 790 820 820 820
GDP Constant Prices (SAR Million) 608791.00 643175 677197 660611 628881 704285
Gross Fixed Capital Formation (SAR Million) 181917.00 145508 172155 184601 187920 179041
GDP per capita (USD) 19390.02 21162 21162 21287 21287 21287
GDP per capita PPP (USD) 44328.18 48950 48950 50100 50100 50100
GDP From Agriculture (SAR Million) 15060.00 16141 14404 17331 15557 14980
GDP From Construction (SAR Million) 28079.00 31219 31545 31897 29006 32807
GDP From Manufacturing (SAR Million) 76679.00 72579 80285 85916 79209 83496
GDP From Mining (SAR Million) 218143.00 239162 239029 221767 225342 248591
GDP From Transport (SAR Million) 37030.00 38400 42043 41686 38252 43725
GDP From Utilities (SAR Million) 8846.00 14893 6079 4204 9138 6323

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 6.50 6.5 6.3 6.1 6 6
Unemployed Persons 945387.00 1171935 1138100 1070431 1036596 1020530
Population (Million) 35.00 35.81 35.81 35.81 36.61 36.61
Labor Force Participation Rate (%) 61.10 61 61 61 61 61
Employed Persons (Thousand) 13391.00 11500 11500 12000 12000 12000
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 60.00 60 60 60 60 60

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 0.30 2 2 2.1 2.1 2
Consumer Price Index CPI (points) 104.48 106 106 106 106 108
Food Inflation (%) 1.90 5.5 3.5 1.5 1.3 3
Inflation Rate Mom (%) 0.10 0.52 0.2 0.2 0.2 0.2
Cpi Housing Utilities (points) 87.84 92.72 91.9 90.68 89.99 93.74
CPI Transportation (points) 114.13 110 109 113 117 111
GDP Deflator (points) 103.72 115 106 106 106 108
Producer Prices (points) 141.90 141 142 144 146 147
Producer Prices Change (%) 11.80 10.8 11.7 9.3 4.5 3.3

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 1.00 1 1 1 1.25 1.5
Money Supply M0 (SAR Million) 370488.00 376497 382911 389325 396147 408566
Money Supply M1 (SAR Million) 1527714.00 1629627 1676535 1723444 1774925 1864169
Interbank Rate (%) 0.79 0.79 0.79 0.79 1.04 1.29
Money Supply M2 (SAR Million) 1978588.00 2083457 2125113 2166768 2197185 2291735
Money Supply M3 (SAR Million) 2250592.00 2281790 2327345 2372901 2413781 2509568
Banks Balance Sheet (Million SAR) 3118744.77 3295284 3391294 3484831 3564972 3775332
Foreign Exchange Reserves (SAR Million) 1655707.00 1656803 1817138 1719797 1824712 1830106
Deposit Interest Rate (%) 1.65 1.65 1.65 1.65 1.9 2.15
Loan Growth (%) 15.50 13.5 11 8.3 6.5 5
Loans To Private Sector (SAR Million) 1945330.68 1784125 1813613 1948303 1997783 1886158
Central Bank Balance Sheet (Million SAR) 1848928.00 1921389 1951439 1981489 2016419 2081654
Reverse Repo Rate (%) 0.50 0.5 0.5 0.5 0.75 1

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (Million SAR) 87372.00 81606 104660 86755 89125 145000
Current Account (USD Million) 8707.00 1923 1425 927 430 1000
Current Account to GDP (% of GDP) -2.80 3 3 2 2 2
Imports (Million SAR) 124056.00 135275 133000 129800 134630 135000
Exports (Million SAR) 211428.00 216881 237660 216555 223755 280000
Tourism Revenues (USD Million) 19849.00 15606 15606 16029 16029 16029
Crude Oil Production (BBL/D/1K) 9562.00 9620 10000 9900 10000 10500
Foreign Direct Investment (USD Million) 1795.00 1400 1730 1600 1400 500
Tourist Arrivals (Thousand ) 16214.00 19500 19500 21000 21000 21000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 32.50 34 34 34 34 34
Government Budget (% of GDP) -11.20 -3.5 -3.5 -2.5 -2.5 -2.5
Government Spending (SAR Million) 181365.00 186072 239540 170809 187350 249121
Government Revenues (SAR Million) 781834.00 654732 654732 730132 730132 730132
Fiscal Expenditure (SAR Million) 1075734.00 1191292 1191292 1245349 1245349 1245349
Military Expenditure (USD Million) 55535.00 63750 63750 71350 71350 71350
Government Budget Value (SAR Million) -293900.00 -284629 -284629 -334271 -334271 -334271

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
Social Security Rate (%) 22.00 22 22 22 22 22
Social Security Rate For Companies (%) 12.00 12 12 12 12 12
Social Security Rate For Employees (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 15.00 15 15 10 10 10

Business Actual Q3 Q4 Q1 Q2 2022
Manufacturing PMI (points) 54.10 55 58 60 57 57
Industrial Production (%) 11.90 0.9 4.8 16.5 23 12.1
Manufacturing Production (%) -4.20 6.5 10.5 5.5 3.5 10.5
Mining Production (%) 19.30 1 2.5 5.5 2.5 2.5
Industrial Production Mom (%) 3.60 2.1 1.1 0.9 0.9 0.5
Steel Production (Thousand Tonnes) 440.00 610 650 610 610 650

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 130.00 120 115 110 110 110
Consumer Spending (SAR Million) 321916.00 306059 309209 327849 332539 321578
Households Debt To GDP (% of GDP) 14.60 13.2 13.5 13.5 13.5 13.5
Gasoline Prices (USD/Liter) 0.62 0.59 0.56 0.53 0.51 0.48

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 81.30 83 84 84 85 85


This page has 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.