Money in Saudi Arabia

Saudi Arabia Money | Economic News & Forecasts

Saudi Arabia - Money

A second estimate confirmed that the economy expanded at the quickest pace in nearly a decade in Q3, after growing for the first time since Q3 2019 in the second quarter. The oil economy grew robustly following nine consecutive contractions, driving Q3’s upturn. Meanwhile, growth in the non-oil private sector moderated, while government sector output growth gained momentum in the quarter. Turning to Q4, economic activity likely lost some steam, but GDP growth should have remained healthy due to stronger oil production in October–November, in line with the ongoing easing of OPEC+ cuts. On the fiscal front, in mid-December authorities released details for the 2022 budget, which sees expenditure falling slightly, and revenues rising notably. Consequently, the fiscal balance is seen recording a surplus in 2022 following 2021’s expected deficit.

Saudi Arabia - Money Data

2015   2016   2017   2018   2019  
Money (annual variation in %)2.5  0.8  0.3  2.7  7.1  

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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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