International Reserves in Saudi Arabia

Saudi Arabia International Reserves | Economic News & Forecasts

Saudi Arabia - International Reserves

The economy was likely hammered in the first quarter due to containment measures weighing on the non-oil private sector, and activity seems set to continue to unravel in the second quarter. The non-oil private sector PMI fell to a survey-record low in March, while crude oil production also edged down in Q1. Turning to Q2, lockdown measures will have kept the tourism and retail sectors depressed, while the non-oil private sector PMI remained in contractionary territory in April. Furthermore, on 12 April OPEC+ producers agreed to cut output at an unprecedented rate starting in May 2020, boding ill for the energy sector. In order to shore up its finances, the government decided to suspend its cost of living allowance starting in June 2020 and also tripled its value-added tax to 15% starting in July this year, which will drag on private consumption ahead.

Saudi Arabia - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)616  536  496  496  499  

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Saudi Arabia Facts

Value Change Date
Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %Dec 31
Stock Market0.21.00 %Jan 07

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