International Reserves in Saudi Arabia

Saudi Arabia International Reserves | Economic News & Forecasts

Saudi Arabia - International Reserves

Oil production cuts in compliance with the OPEC+ oil deal and lower prices for the black gold led GDP growth to slow to the lowest rate in over one year in the second quarter. On the upside, the private sector continued to benefit from the government’s pro-growth policies. Looking at the third quarter, the trend should have been broadly similar as in the previous quarter. Saudi Arabia pumped less oil in Q3 2019 compared to the same quarter in 2018, especially in September, when oil production plummeted in the aftermath of a drone attack on Saudi oil facilities. Moreover, oil prices remained subdued in the same quarter. Conversely, the non-oil PMI continued to strengthen compared to the previous year in Q3, boding well for private business activity. On 17 October, Aramco delayed the planned launch of its initial public offering (IPO) as the government is struggling to meet the planned valuation of the company.

Saudi Arabia - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)726  732  616  536  496  

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Saudi Arabia Facts

ValueChangeDate
Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %Sep 04
Stock Market0.21.00 %Sep 04

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