The value of loans in Saudi Arabia increased 2.40 percent in August of 2019 over the same month in the previous year. Loan Growth in Saudi Arabia averaged 13 percent from 2001 until 2019, reaching an all time high of 46.99 percent in October of 2004 and a record low of -1.40 percent in June of 2017.
Loan Growth in Saudi Arabia is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in Saudi Arabia to stand at 3.40 in 12 months time. In the long-term, the Saudi Arabia Bank Lending Growth is projected to trend around 3.50 percent in 2020, according to our econometric models.