Economy of Saudi Arabia. Statistics, Data and Indicators
Saudi Arabia
| 86A- | Credit rank #25 |
| 149.58 | Quality of life #33 |
| 54 | Corruption rank#51 |
| 62 | Ease of doing business#88 |
Saudi Arabia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 834 USD Billion | 2021 |
| GDP Annual Growth Rate | 5.5 % | 4Q/22 |
| GDP Growth Rate | 1.3 % | 4Q/22 |
| GDP per capita | 18696 USD | 2021 |
| Inflation Rate YoY | 3 % | Feb/23 |
| Interest Rate | 5.5 % | Mar/23 |
| Unemployment Rate | 4.8 % | 4Q/22 |
| Balance of Trade | 38000 SAR Million | 10.133 B USD | 0Q/23 |
| Current Account | 19766 USD Million | 19.766 B USD | 4Q/22 |
| Foreign Exchange Reserves | 1716160 SAR Million | 457.643 B USD | Jan/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 834 USD Billion | 2021 |
| GDP Annual Growth Rate | 5.5 % | 4Q/22 |
| GDP Growth Rate | 1.3 % | 4Q/22 |
| GDP per capita | 18696 USD | 2021 |
| GDP Constant Prices | 783569 SAR Million | 208.952 B USD | 4Q/22 |
| GDP per capita PPP | 44339 USD | 2021 |
| GDP From Agriculture | 18446 SAR Million | 4.919 B USD | 4Q/22 |
| GDP From Construction | 30735 SAR Million | 8.196 B USD | 4Q/22 |
| GDP From Manufacturing | 89976 SAR Million | 23.994 B USD | 4Q/22 |
| GDP From Mining | 273864 SAR Million | 73.03 B USD | 4Q/22 |
| GDP From Transport | 48466 SAR Million | 12.924 B USD | 4Q/22 |
| GDP From Utilities | 5678 SAR Million | 1.514 B USD | 4Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 30 % | 2021 |
| Government Budget Value | -73447 SAR Million | -19.564 USD Billion | 2021 |
| Government Spending | 259824 SAR Million | 69.211 USD Billion | 4Q/22 |
| Government Revenues | 965486 SAR Million | 257.182 USD Billion | 2021 |
| Fiscal Expenditure | 1038933 SAR Million | 276.746 B USD | 2021 |
| Government Budget to GDP | -2.3 % | 2021 |
| Military Expenditure | 55564 USD Million | 55.564 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 109 index points | Feb/23 |
| Food Inflation | 3.11 % | Feb/23 |
| Gasoline Prices | 0.62 USD/Liter | Mar/23 |
| GDP Deflator | 120 index points | 2021 |
| Inflation Rate YoY | 3 % | Feb/23 |
| Producer Prices | 150 index points | Feb/23 |
| Inflation Rate Mom | -0.1 % | Feb/23 |
| CPI Housing Utilities | 95.23 Index Points | Feb/23 |
| CPI Transportation | 118 Index Points | Feb/23 |
| Producer Prices Change | 2.7 % | Feb/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 6.6 % | 2021 |
| Balance of Trade | 38000 SAR Million | 10.133 USD Billion | 0Q/23 |
| Capital Flows | 48577 USD Million | 48.577 USD Billion | 3Q/22 |
| Current Account | 19766 USD Million | 19.766 USD Billion | 4Q/22 |
| Exports | 105088 SAR Million | 27.993 USD Billion | 0Q/23 |
| Foreign Exchange Reserves | 1716160 SAR Million | 457.643 USD Billion | Jan/23 |
| Imports | 66569 SAR Million | 17.732 USD Billion | 0Q/23 |
| Tourism Revenues | 4639 USD Million | 4.639 B USD | 2021 |
| Tourist Arrivals | 4882 Thousand Persons | 4.882 Million Persons | 2020 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 323 Tonnes | 4Q/22 |
| Interbank Rate | 5.53 % | Feb/23 |
| Interest Rate | 5.5 % | Mar/23 |
| Loans to Private Sector | 2299870 SAR Million | 613.299 USD Billion | Jan/23 |
| Money Supply M0 | 360279 SAR Million | 96.074 USD Billion | Feb/23 |
| Money Supply M1 | 1511122 SAR Million | 402.966 USD Billion | Feb/23 |
| Money Supply M2 | 2175568 SAR Million | 580.151 USD Billion | Feb/23 |
| Money Supply M3 | 2503189 SAR Million | 667.517 USD Billion | Feb/23 |
| Central Bank Balance Sheet | 1922202 SAR Million | 512.587 B USD | Jan/23 |
| Deposit Interest Rate | 3.7 % | Mar/23 |
| Foreign Direct Investment | 1925 USD Million | 1.925 B USD | 4Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 60 | 2022 |
| Retirement Age Women | 60 | 2022 |
| Unemployment Rate | 4.8 % | 4Q/22 |
| Employed Persons | 9787 Thousand Person | 9.787 Million Person | 2021 |
| Labor Force Participation Rate | 61.5 % | 4Q/22 |
| Unemployed Persons | 1015820 Persons | 1.016 Million Persons | 1Q/20 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2022 |
| Personal Income Tax Rate | 0 % | 2023 |
| Sales Tax Rate | 15 % | 2022 |
| Social Security Rate | 22 % | 2022 |
| Social Security Rate For Companies | 12 % | 2022 |
| Social Security Rate For Employees | 10 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 10450 BBL/D/1K | Feb/23 |
| Industrial Production | 6.8 % | 0Q/23 |
| Mining Production | 3 % | 0Q/23 |
| Steel Production | 440 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | 0.1 % | 0Q/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 3 index points | 2Q/16 |
| Corruption Index | 51 index points | 2022 |
| Corruption Rank | 54 place | 2022 |
| Ease of Doing Business | 62 place | 2019 |
| Manufacturing PMI | 59.8 index points | Feb/23 |
| Manufacturing Production | 19.2 % | 0Q/23 |
| Competitiveness Index | 70.03 Index Points | 2019 |
| Competitiveness Rank | 36 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 126 index points | 4Q/21 |
| Consumer Spending | 377979 SAR Million | 100.684 USD Billion | 4Q/22 |
| Households Debt To GDP | 13.1 % | 3Q/22 |
