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 | 1108 USD Billion | 2022 |
| GDP Annual Growth Rate | 1.2 % | 2Q/23 |
| GDP Growth Rate | -0.2 % | 2Q/23 |
| GDP per capita | 21069 USD | 2022 |
| Inflation Rate YoY | 2 % | Aug/23 |
| Interest Rate | 6 % | Aug/23 |
| Unemployment Rate | 4.9 % | 2Q/23 |
| Balance of Trade | 22393 SAR Million | 5.97 B USD | 2Q/23 |
| Current Account | 15262 USD Million | 15.262 B USD | 2Q/23 |
| Foreign Exchange Reserves | 1601430 SAR Million | 426.923 B USD | Aug/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 1108 USD Billion | 2022 |
| GDP Annual Growth Rate | 1.2 % | 2Q/23 |
| GDP Growth Rate | -0.2 % | 2Q/23 |
| GDP per capita | 21069 USD | 2022 |
| GDP Constant Prices | 724834 SAR Million | 193.232 B USD | 2Q/23 |
| GDP per capita PPP | 50023 USD | 2022 |
| GDP From Agriculture | 19539 SAR Million | 5.209 B USD | 2Q/23 |
| GDP From Construction | 29564 SAR Million | 7.881 B USD | 2Q/23 |
| GDP From Manufacturing | 88527 SAR Million | 23.6 B USD | 2Q/23 |
| GDP From Mining | 257131 SAR Million | 68.548 B USD | 2Q/23 |
| GDP From Transport | 42609 SAR Million | 11.359 B USD | 2Q/23 |
| GDP From Utilities | 8419 SAR Million | 2.244 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 30 % | 2021 |
| Government Budget Value | 103855 SAR Million | 27.687 USD Billion | 2022 |
| Government Spending | 212606 SAR Million | 56.678 USD Billion | 2Q/23 |
| Government Revenues | 1268164 SAR Million | 338.078 USD Billion | 2022 |
| Fiscal Expenditure | 1164309 SAR Million | 310.391 B USD | 2022 |
| Government Budget to GDP | 2.5 % | 2022 |
| Military Expenditure | 75013 USD Million | 75.013 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 110 index points | Aug/23 |
| Food Inflation | 0.36 % | Aug/23 |
| Gasoline Prices | 0.62 USD/Liter | Sep/23 |
| GDP Deflator | 120 index points | 2021 |
| Inflation Rate YoY | 2 % | Aug/23 |
| Producer Prices | 149 index points | Aug/23 |
| Inflation Rate Mom | 0 % | Aug/23 |
| CPI Housing Utilities | 98.09 Index Points | Aug/23 |
| CPI Transportation | 119 Index Points | Aug/23 |
| Producer Prices Change | -0.3 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 13.8 % | 2022 |
| Balance of Trade | 22393 SAR Million | 5.97 USD Billion | 2Q/23 |
| Capital Flows | 10435 USD Million | 10.435 USD Billion | 2Q/23 |
| Current Account | 15262 USD Million | 15.262 USD Billion | 2Q/23 |
| Exports | 91297 SAR Million | 24.339 USD Billion | 2Q/23 |
| Foreign Exchange Reserves | 1601430 SAR Million | 426.923 USD Billion | Aug/23 |
| Imports | 68904 SAR Million | 18.369 USD Billion | 2Q/23 |
| Tourism Revenues | 90.86 USD Million | 0.091 B USD | 2022 |
| Tourist Arrivals | 16.51 Thousand Persons | 0.017 Million Persons | 2022 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 323 Tonnes | 2Q/23 |
| Interbank Rate | 6.09 % | Aug/23 |
| Interest Rate | 6 % | Aug/23 |
| Loans to Private Sector | 2454454 SAR Million | 654.329 USD Billion | Aug/23 |
| Money Supply M0 | 374916 SAR Million | 99.948 USD Billion | Aug/23 |
| Money Supply M1 | 1527926 SAR Million | 407.327 USD Billion | Aug/23 |
| Money Supply M2 | 2337421 SAR Million | 623.129 USD Billion | Aug/23 |
| Money Supply M3 | 2674476 SAR Million | 712.984 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 1761794 SAR Million | 469.674 B USD | Aug/23 |
| Deposit Interest Rate | 3.7 % | Oct/23 |
| Foreign Direct Investment | 1650 USD Million | 1.65 B USD | 2Q/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 60 | 2022 |
| Retirement Age Women | 60 | 2022 |
| Unemployment Rate | 4.9 % | 2Q/23 |
| Employed Persons | 11156 Thousand Person | 11.156 Million Person | 2022 |
| Labor Force Participation Rate | 60.8 % | 2Q/23 |
| Unemployed Persons | 1015820 Persons | 1.016 Million Persons | 1Q/20 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2023 |
| Personal Income Tax Rate | 0 % | 2023 |
| Sales Tax Rate | 15 % | 2023 |
| 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 | 8918 BBL/D/1K | Aug/23 |
| Industrial Production | -12.2 % | 2Q/23 |
| Mining Production | -19.3 % | 2Q/23 |
| Steel Production | 440 Thousand Tonnes | Dec/20 |
| Industrial Production (MoM) | -0.3 % | 2Q/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 | 57.2 index points | Sep/23 |
| Manufacturing Production | 4.6 % | 2Q/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 | 391404 SAR Million | 104.344 USD Billion | 2Q/23 |
| Households Debt To GDP | 12.7 % | 1Q/23 |
