Money in Saudi Arabia

Saudi Arabia Money | Economic News & Forecasts

Saudi Arabia - Money

Economic activity likely remained depressed in the final quarter of the year, after contracting for the first time in roughly two years in the third quarter. Crude oil production in Q4 was well below 2018’s average, despite rising from Q3 when drone attacks in September temporarily halted nearly half of the country’s oil production. Moreover, output tapered in December from October–November. Nevertheless, activity in the non-oil private sector should have cushioned the downturn as the PMI continued to point to improving conditions. Furthermore, retail sales should have remained upbeat after posting a strong expansion in Q3, as healthy credit growth carried into Q4. In other news, OPEC+ held an emergency meeting in the week ending 7 February, which sought to cut supply levels amid depressed prices. The meeting proved inconclusive, but markets are anticipating cuts in March given the recent downward trend in prices.

Saudi Arabia - Money Data

2014   2015   2016   2017   2018  
Money (annual variation in %)14.6  2.4  3.6  -1.0  2.3  

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Saudi Arabia Money Chart

Saudi Arabia Money
Note: Annual variation of M1 in %.
Source: Saudi Arabian Monetary Agency.

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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