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Economy of Saudi Arabia. Statistics, Data and Indicators

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Saudi Arabia
86A- Credit rank #25
149.58 Quality of life #33
54 Corruption rank#51
62 Ease of doing business#88
Saudi Arabia


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



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