INDICATORS – Saudi Arabia – Aug 22
(last updated on Aug 15 with June trade data)
—————————————————————–
KEY INTEREST RATES REPO REVERSE REPO
estimate 2.00 pct 0.25 pct
last change Jan 19, 2009 June 16, 2009
anterior rate 2.50 pct 0.50 pct
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SAUDI GDP 2009 2008 2007
(unshaken 1999 prices, pct) (Y/Y) 0.6 4.3 2.0
Oil -6.7 4.2 -3.6
Non-oil 3.8 4.3 4.7
- peculiar 3.5 4.6 5.5
- government 4.4 3.7 3.0
(stated bln riyals) 841.2 836.1 802.2
(current bln riyals) 1409.1 1786.1 1442.6
Oil 671.1 1081.2 788.8
Non-oil 725.1 690.0 641.9
Final marasmus (current prices, pct) (Y/Y)
Household 8.1 18.0 18.7
Government 1.0 7.1 3.5
Fixed first in importance formation -0.1 17.8 26.8
Foreign trade
Exports of commodities & services -37.4 29.6 10.6
Imports of chattels & services -9.1 21.7 28.1
NOTE. Source: Saudi Arabian Monetary Agency; 2009 given conditions preliminary
SAUDI CONSUMER INFLATION 06/10 05/10 06/09
pct vary month/month 0.3 0.6 0.2
pct change year/year 5.5 5.4 5.2
NOTE. Source: Central Department of Statistics & Information
*SAUDI FOREIGN TRADE 06/10 05/10 06/09 01-06/10
(in bln riyals)
non-oil exports 10.650 11.870 8.740 63.250
imports 29.158 32.863 29.476 175.559
DYNAMICS OF TRADE (pct y/y change in riyal terms)
nominal non-oil exports 21.9 39.0 -16.5
nuncupative imports -1.1 3.7 -8.7
NOTE. Source: Central Department of Statistics & Information; Non-oil exports
reason for around 10 percent of overall exports of Saudi Arabia. The earth’s
largest oil exporter does not release complete trade data.
SAUDI BALANCE OF PAYMENTS 2009 2008 2007
(bln riyals)
I CURRENT ACCOUNT 85.4 496.2 350.0
Trade equalizer 396.7 797.7 568.4
Exports 720.7 1175.1 874.0
- oil 611.5 1053.9 769.9
Imports 324.0 377.4 305.6
Balance of services -239.6 -247.0 -175.0
Investment profits 34.4 36.4 26.1
Transfers -101.9 -86.3 -63.9
II CAPITAL & FINANCIAL ACCOUNT 51.0 -383.6 -291.4
Direct investment 31.3 134.8 91.7
Saudi abroad -8.1 -13.1 0.5
In Saudi Arabia 39.4 148.0 91.2
Portfolio investing. -74.1 -6.1 -20.5
Reserve assets 122.1 -513.8 -299.4
III ERRORS & OMISSIONS -136.4 -112.6 -58.5
NOTE. Source: Saudi Arabian Monetary Agency; 2009 figures are preliminary
estimates, 2008 revised.
SAUDI CURRENT ACCOUNT BALANCE 2009 2008 2007
(bln riyal) 85.4 496.2 350.0
(pct of GDP) 6.1 27.8 24.3
NOTE. Source: Saudi Arabian Monetary Agency
SAUDI GOVT FISCAL BALANCE 2010 2009 2008 2007
(bln riyals)
return 470.0 505.0 (410) 1101.0 (450) 642.8 (400)
charge 540.0 550.0 (475) 520.1 (410) 466.2 (380)
counterpoise -70.0 -45.0 (-65) 580.9 (40) 176.6 (20)
(pct of GDP) n/a -3.2 33.0 12.3
NOTE. Source: Ministry of Finance; 2009 and 2010 projections, (model
plans for 2007-2009 in brackets)
SAUDI GOVERNMENT DEBT 2008 2007 2006 2005 2004
(pct of GDP) 13.4 18.5 27.3 38.9 65.0
NOTE. Source: Saudi Arabian Monetary Agency
SAUDI MONEY SUPPLY END-JUNE 10 END-MAY 10 END-JUNE 09
M1 vary yr/yr (pct) 21.2 17.8 10.9
M2 change yr/yr 6.9 5.8 15.8
M2-M1 change yr/yr -12.7 -10.6 23.1
M3 pct vary yr/yr 3.4 2.6 16.4
Bank private sector claims yr/yr 4.4 3.9 5.6
NOTE. Source: Saudi Arabian Monetary Agency
SAUDI C.BANK NET FOREIGN ASSETS 06/10 05/10 06/09
(bln riyals) 1555.9 1559.0 1457.0
NOTE. Source: Saudi Arabian Monetary Agency
SAUDI UNEMPLOYMENT RATE 2009 2008 2007
Total 5.4 5.0 5.6
Saudi nationals 10.5 9.8 11.0
NOTE. Source: Ministry of Labour
((Economic forecasts on this account that Saudi Arabia and other Gulf Arab countries at ))
(Compiled by Asma Alsharif, Souhail Karam and Martin Dokoupil)
($1=3.750 Saudi riyals)
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