Saudi Arabia Gross Savings Rate

2003 - 2021 | Quarterly | % | CEIC Data

Key information about Saudi Arabia Gross Savings Rate

  • Saudi Arabia Gross Savings Rate was measured at 33.6% in Dec 2021, compared with 33.6% in the previous quarter.
  • Saudi Arabia Gross Savings Rate is updated quarterly, with data available from Mar 2003 to Dec 2021, and an average rate of 33.6%.
  • The data reached an all-time high of 33.6% in Jun 2008 and a record low of 23.5% in Dec 2020.
  • CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Consumption Expenditure. General Authority for Statistics provides Consumption Expenditure in local currency and Nominal GDP in local currency.
  • In the latest reports, Saudi Arabia GDP expanded 9.6% YoY in Mar 2022.
  • Saudi Arabia Nominal GDP reached 227,945.0 USD mn in Dec 2021. Its GDP deflator (implicit price deflator) increased 13.7% in Dec 2021.
  • Saudi Arabia GDP Per Capita reached 23,310.8 USD in Dec 2021.

View Saudi Arabia's Gross Savings Rate from Mar 2003 to Dec 2021 in the chart:

Saudi Arabia Gross Savings Rate

What was Saudi Arabia's Gross Savings Rate in Dec 2021?

Saudi Arabia Gross Savings Rate was measured at 33.6% in Dec 2021, compared with 33.6% in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
33.6 Dec 2021 38.2 Sep 2021 23.5 Dec 2020 60.2 Jun 2008 % quarterly Mar 2003 - Dec 2021

Gross Savings Rate by Country Comparison

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country/region Last Frequency Range
Albania (%) 17.6 Dec 2021 quarterly Mar 2008 - Dec 2021
Algeria (%) 39.8 2018 yearly 2000 - 2018
Argentina (%) 24.3 Dec 2021 quarterly Mar 2004 - Dec 2021
Armenia (%) 16.7 Dec 2021 quarterly Dec 1994 - Dec 2021
Australia (%) 28.7 Dec 2021 quarterly Sep 1959 - Dec 2021
Austria (%) 28.0 Dec 2021 quarterly Mar 1995 - Dec 2021
Azerbaijan (%) 44.5 Dec 2021 quarterly Mar 2001 - Dec 2021
Bahrain (%) 32.9 2019 yearly 1989 - 2019
Bangladesh (%) 30.4 2021 yearly 2006 - 2021
Belarus (%) 32.8 Dec 2021 quarterly Mar 1992 - Dec 2021
Belgium (%) 25.7 Dec 2021 quarterly Mar 1980 - Dec 2021
Bolivia (%) 0.8 Dec 2021 quarterly Mar 1990 - Dec 2021
Bosnia and Herzegovina (%) 11.3 Dec 2021 quarterly Mar 2008 - Dec 2021
Botswana (%) 19.0 Dec 2021 quarterly Mar 1994 - Dec 2021
Brazil (%) 11.7 Dec 2021 quarterly Mar 1991 - Dec 2021
Brunei (%) 51.5 Sep 2021 quarterly Mar 2004 - Sep 2021
Bulgaria (%) 13.5 Mar 2022 quarterly Mar 1995 - Mar 2022
Cambodia (%) 25.8 2019 yearly 1993 - 2019
Canada (%) 24.6 Dec 2021 quarterly Mar 1961 - Dec 2021
Chile (%) 18.8 Dec 2021 quarterly Mar 1996 - Dec 2021
China (%) 45.3 2020 yearly 1952 - 2020
Colombia (%) 23.7 Mar 2022 quarterly Mar 2005 - Mar 2022
Croatia (%) 12.0 Dec 2021 quarterly Mar 1995 - Dec 2021
Cyprus (%) 16.8 Dec 2021 quarterly Mar 1995 - Dec 2021
Czech Republic (%) 30.0 Dec 2021 quarterly Mar 1995 - Dec 2021
Denmark (%) 32.1 Dec 2021 quarterly Mar 1990 - Dec 2021
Ecuador (%) 23.1 Dec 2021 quarterly Mar 1991 - Dec 2021
Egypt (%) 6.7 2017 yearly 1990 - 2017
Estonia (%) 30.1 Dec 2021 quarterly Mar 1993 - Dec 2021
European Union (%) 26.7 Dec 2021 quarterly Mar 1995 - Dec 2021
Finland (%) 26.7 Dec 2021 quarterly Mar 1990 - Dec 2021
France (%) 14.2 Dec 2017 quarterly Mar 1949 - Dec 2017
Georgia (%) 11.2 Dec 2021 quarterly Mar 1996 - Dec 2021
Germany (%) 27.2 Dec 2021 quarterly Mar 1991 - Dec 2021
Ghana (%) 19.9 2021 yearly 2006 - 2021
Greece (%) 7.3 Dec 2021 quarterly Mar 1995 - Dec 2021
Hong Kong SAR, China (%) 25.9 Dec 2021 quarterly Mar 1999 - Dec 2021
Hungary (%) 32.4 Dec 2021 quarterly Mar 1995 - Dec 2021
Iceland (%) 20.3 Dec 2021 quarterly Mar 1995 - Dec 2021
India (%) 28.2 2021 yearly 1951 - 2021
Indonesia (%) 39.7 Mar 2022 quarterly Mar 2010 - Mar 2022
Iran (%) 48.0 Sep 2021 quarterly Jun 1988 - Sep 2021
Ireland (%) 60.1 Dec 2021 quarterly Mar 1995 - Dec 2021
Israel (%) 27.7 Mar 2022 quarterly Mar 1995 - Mar 2022
Italy (%) 23.5 Dec 2021 quarterly Mar 1995 - Dec 2021
Ivory Coast (%) 22.4 2021 yearly 1960 - 2021
Japan (%) 29.6 Mar 2021 quarterly Mar 1980 - Mar 2021
Jordan (%) 3.8 2020 yearly 1963 - 2020
Kazakhstan (%) 40.3 Sep 2021 quarterly Mar 1994 - Sep 2021
Kenya (%) 12.8 2020 yearly 2006 - 2020
South Korea (%) 36.8 Dec 2021 quarterly Mar 1970 - Dec 2021
Kosovo (%) -2.8 Dec 2021 quarterly Mar 2010 - Dec 2021
Kuwait (%) 31.1 2019 yearly 1970 - 2019
Kyrgyzstan (%) -1.8 Sep 2021 quarterly Mar 2000 - Sep 2021
Laos (%) 18.4 2016 yearly 2000 - 2016
Latvia (%) 26.9 Dec 2021 quarterly Mar 1995 - Dec 2021
Lebanon (%) -5.8 2018 yearly 1990 - 2018
Lithuania (%) 18.1 Dec 2021 quarterly Mar 1995 - Dec 2021
Luxembourg (%) 53.5 Dec 2021 quarterly Mar 1995 - Dec 2021
Macau SAR, China (%) 32.5 Dec 2021 quarterly Mar 2001 - Dec 2021
North Macedonia (%) 22.5 Dec 2021 quarterly Mar 2000 - Dec 2021
Malawi (%) 11.2 2019 yearly 1977 - 2019
Malaysia (%) 26.3 Mar 2022 quarterly Mar 2010 - Mar 2022
Malta (%) 35.3 Dec 2021 quarterly Mar 1992 - Dec 2021
Mauritius (%) 7.7 Dec 2021 quarterly Mar 1999 - Dec 2021
Mexico (%) 22.5 Dec 2021 quarterly Mar 1993 - Dec 2021
Moldova (%) -2.6 Dec 2021 quarterly Mar 1995 - Dec 2021
Mongolia (%) 19.4 Mar 2022 quarterly Mar 2005 - Mar 2022
Montenegro (%) 2.4 Dec 2021 quarterly Mar 2010 - Dec 2021
Morocco (%) 27.1 2020 yearly 1975 - 2020
Mozambique (%) 14.3 2020 yearly 1969 - 2020
Myanmar (%) 28.7 2018 yearly 1996 - 2018
Nepal (%) 31.3 2021 yearly 2001 - 2021
Netherlands (%) 28.2 Dec 2021 quarterly Mar 1995 - Dec 2021
New Zealand (%) 21.1 Dec 2021 quarterly Jun 1987 - Dec 2021
Nigeria (%) 32.7 2021 yearly 1981 - 2021
Norway (%) 43.8 Dec 2021 quarterly Mar 1978 - Dec 2021
Oman (%) 9.8 2020 yearly 1980 - 2020
Pakistan (%) 19.9 2021 yearly 2000 - 2021
Palestinian Territory (%) 16.0 Sep 2021 quarterly Mar 2011 - Sep 2021
Panama (%) 29.2 2020 yearly 1960 - 2020
Paraguay (%) 17.9 Dec 2021 quarterly Mar 1994 - Dec 2021
Peru (%) 25.6 Dec 2021 quarterly Mar 1990 - Dec 2021
Philippines (%) 8.0 Mar 2022 quarterly Mar 1981 - Mar 2022
Poland (%) 29.3 Dec 2021 quarterly Mar 1995 - Dec 2021
Portugal (%) 16.6 Dec 2021 quarterly Mar 1999 - Dec 2021
Qatar (%) 64.9 Dec 2021 quarterly Mar 2013 - Dec 2021
Romania (%) 18.9 Dec 2021 quarterly Mar 1995 - Dec 2021
Russia (%) 37.7 Dec 2021 quarterly Mar 1993 - Dec 2021
Saudi Arabia (%) 33.6 Dec 2021 quarterly Mar 2003 - Dec 2021
Serbia (%) 20.1 Dec 2021 quarterly Mar 1996 - Dec 2021
Singapore (%) 48.3 2021 yearly 1960 - 2021
Slovakia (%) 15.1 Dec 2021 quarterly Mar 1995 - Dec 2021
Slovenia (%) 22.8 Dec 2021 quarterly Mar 1995 - Dec 2021
South Africa (%) 15.2 Dec 2021 quarterly Mar 1960 - Dec 2021
Spain (%) 24.4 Dec 2021 quarterly Mar 1999 - Dec 2021
Sri Lanka (%) 24.0 Dec 2021 quarterly Mar 2010 - Dec 2021
Sudan (%) 13.7 2014 yearly 1960 - 2014
Sweden (%) 30.7 Dec 2021 quarterly Mar 1980 - Dec 2021
Switzerland (%) 35.0 Dec 2021 quarterly Mar 1990 - Dec 2021

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Saudi Arabia Key Series

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Includes 210 key indicators for Saudi Arabia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -11.2 2020 yearly 1969 - 2020
Consolidated Fiscal Balance (USD mn) -37,582.933 2021 yearly 1969 - 2021
National Government Debt (USD mn) 250,136.0 2021 yearly 2004 - 2021
Government Debt: % of GDP (%) 30.0 Dec 2021 quarterly Dec 2016 - Dec 2021
Forecast: Government Expenditure (SAR bn) 1,124.258 2027 yearly 1990 - 2027
Forecast: Government Net Debt (SAR bn) 938.404 2027 yearly 1991 - 2027
Forecast: Government Revenue (SAR bn) 1,314.578 2027 yearly 1991 - 2027
Public Debt (SAR mn) 174,252.500 2020 yearly 2004 - 2020
SA: Revenue: Social Contributions (SAR mn) 0.000 2019 yearly 2010 - 2019
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.305 2026 yearly 1980 - 2026
Trade Balance (USD mn) 123,329.7 2021 yearly 1957 - 2021
Total Exports (USD mn) 28,914.3 Feb 2022 monthly May 2016 - Feb 2022
Total Exports Growth (%) 64.7 Feb 2022 monthly May 2017 - Feb 2022
Aluminum: Exports (USD th) 1,435,718.499 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 382,032.719 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 23,574.476 2020 yearly 1995 - 2020
Total Imports (USD mn) 12,877.1 Feb 2022 monthly Jan 2005 - Feb 2022
Total Imports Growth (%) 18.2 Feb 2022 monthly Jan 2006 - Feb 2022
Imports: Medicament (USD th) 4,160,337.076 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 1,226,033.785 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 1,570.528 Feb 2022 monthly Jan 2017 - Feb 2022
Total Imports from USA (USD mn) 1,258.439 Feb 2022 monthly Jan 2005 - Feb 2022
Total Exports to China (USD mn) 4,938.558 Feb 2022 monthly Jan 2017 - Feb 2022
Total Imports from China (USD mn) 2,936.137 Feb 2022 monthly Jan 1981 - Feb 2022
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
Exports: Value: Petroleum Products (SAR mn) 125,222.000 2017 yearly 1970 - 2017
Exports: Value: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
Exports: Value: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - Apr 2018
Exports: ow China (SAR mn) 18,519.592 Feb 2022 monthly Jan 2017 - Feb 2022
Exports: India (SAR mn) 13,112.918 Feb 2022 monthly Jan 2019 - Feb 2022
Exports: ow USA (SAR mn) 5,889.480 Feb 2022 monthly Jan 2017 - Feb 2022
Exports: South Korea (SAR mn) 11,291.800 Feb 2022 monthly Jan 2019 - Feb 2022
Exports: Value: Asia: India (SAR mn) 99,965.866 2021 yearly 1984 - 2021
Exports: Value: North America: USA (SAR mn) 53,516.853 2021 yearly 1984 - 2021
Exports: Value: Asia: South Korea (SAR mn) 87,342.183 2021 yearly 1984 - 2021
Exports: Value: Asia: China Mainland (SAR mn) 190,911.169 2021 yearly 1984 - 2021
Exports: Value: Asia: Japan (SAR mn) 102,598.276 2021 yearly 1984 - 2021
Imports: Harmonized System (HS): Value (SAR mn) 573,185.147 2021 yearly 1952 - 2021
Imports: HS: Value: Foodstuffs (SAR mn) 87,529.443 2021 yearly 1970 - 2021
Imports: HS: Value: MC: Mineral Products (SAR mn) 29,301.234 2021 yearly 1983 - 2021
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 14,433.571 2021 yearly 1970 - 2021
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 20,438.683 2021 yearly 1970 - 2021
Imports: HS: Value: Transport Equipment (SAR mn) 86,200.976 2021 yearly 1970 - 2021
Imports: Value: North America: USA (SAR mn) 60,548.791 2021 yearly 1984 - 2021
Imports: Value: Asia: South Korea (SAR mn) 12,898.789 2021 yearly 1984 - 2021
Imports: Value: Asia: Japan (SAR mn) 22,732.339 2021 yearly 1984 - 2021
Imports: Value: European Union: Germany (SAR mn) 28,092.772 2021 yearly 1984 - 2021
Imports: Value: Asia: China Mainland (SAR mn) 113,380.856 2021 yearly 1984 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 4,808.4 Dec 2021 quarterly Mar 2006 - Dec 2021
Current Account Balance (USD mn) 20,693.5 Dec 2021 quarterly Mar 2006 - Dec 2021
Current Account Balance: % of GDP (%) 9.1 Dec 2021 quarterly Mar 2006 - Dec 2021
Foreign Direct Investment (USD mn) 1,933.3 Dec 2021 quarterly Mar 2006 - Dec 2021
Foreign Direct Investment: % of GDP (%) 0.8 Dec 2021 quarterly Mar 2006 - Dec 2021
Foreign Portfolio Investment (USD mn) -1,413.173 Dec 2021 quarterly Mar 2008 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) -0.6 Dec 2021 quarterly Mar 2008 - Dec 2021
Forecast: Current Account Balance (USD bn) 50.530 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 595,682.291 2021 yearly 2007 - 2021
BoP: USD: CA: Secondary Income (USD mn) -11,527.062 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: Errors and Omissions (USD mn) -4,363.242 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Primary Income: Credit (USD mn) 7,610.624 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Primary Income (USD mn) 3,375.471 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 24,586.952 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Reserve Assets (USD mn) -10,121.255 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Primary Income: Debit (USD mn) 4,235.154 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Goods & Services: Services (USD mn) -20,710.100 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 19,008.969 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Portfolio Investment (USD mn) 20,422.141 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 36,282.724 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Direct Investment: Assets (USD mn) 4,808.449 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Other Investment (USD mn) 2,734.528 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) -1,413.173 Dec 2021 quarterly Mar 2008 - Dec 2021
BoP: USD: Financial Account (FA) (USD mn) 15,910.609 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Direct Investment (USD mn) 2,875.194 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Goods & Services: Goods (USD mn) 49,555.143 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Other Investment: Assets (USD mn) 11,042.710 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Other Investment: Liabilities (USD mn) 8,308.182 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 85,837.867 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 3,876.851 Dec 2021 quarterly Mar 2006 - Dec 2021
IIP: Assets (SAR mn) 4,649,067.400 2021 yearly 2007 - 2021
IIP: Liabilities (SAR mn) 2,415,258.808 2021 yearly 2007 - 2021
International Investment Position (IIP) (SAR mn) 2,233,808.591 2021 yearly 2007 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.0 Sep 2021 quarterly Mar 2009 - Sep 2021
Household Debt: % of GDP (%) 14.3 Dec 2021 quarterly Dec 2003 - Dec 2021
Money Supply M1 (USD mn) 422,449.953 Mar 2022 monthly Jan 1993 - Mar 2022
Money Supply M2 (USD mn) 556,955.518 Mar 2022 monthly Jan 1993 - Mar 2022
M2 Growth (%) 5.9 Mar 2022 monthly Jan 1994 - Mar 2022
Reserve Requirement Ratio (%) 7.0 Apr 2022 monthly Mar 1980 - Apr 2022
Foreign Exchange Reserves (USD mn) 425,781.8 Mar 2022 monthly Jan 2001 - Mar 2022
Foreign Exchange Reserves: % of GDP (%) 51.527 Dec 2021 quarterly Dec 2003 - Dec 2021
Foreign Exchange Reserves: Months of Import (NA) 33.7 2021 yearly 1957 - 2021
Gold Reserves (USD mn) 432.945 Mar 2022 monthly Dec 1957 - Mar 2022
Total Deposits (USD mn) 577,765.167 Mar 2022 monthly Jan 1993 - Mar 2022
Total Deposits Growth (%) 9.4 Mar 2022 monthly Jan 1994 - Mar 2022
Domestic Credit (USD mn) 279,406.0 Feb 2018 monthly Oct 1983 - Feb 2018
Domestic Credit Growth (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Credit to Households (USD bn) 128.090 Sep 2021 quarterly Mar 1998 - Sep 2021
Credit to Private Non-Financial Sector (USD bn) 678.595 Sep 2021 quarterly Mar 1993 - Sep 2021
Household Debt (USD mn) 119,437.7 Dec 2021 quarterly Mar 1998 - Dec 2021
Total Loans (USD mn) 574,896.254 Mar 2022 monthly Jan 1997 - Mar 2022
Total Loans Growth (%) 14.77 Mar 2022 monthly Jan 1998 - Mar 2022
Private Debt: % of Nominal GDP (%) 61.01 Dec 2021 quarterly Dec 2003 - Dec 2021
Base Money (SAR mn) 356,544.803 Mar 2022 monthly Jan 2000 - Mar 2022
Money Supply: M3: M2: M1 (SAR mn) 1,584,187.325 Mar 2022 monthly Jan 1993 - Mar 2022
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,371,990.755 Mar 2022 monthly Jan 1993 - Mar 2022
Money Supply: M3: M2 (SAR mn) 2,088,583.193 Mar 2022 monthly Jan 1993 - Mar 2022
Official Reserve Assets (SAR mn) 1,692,599.432 Mar 2022 monthly Jan 2001 - Mar 2022
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 489,775.196 Mar 2022 monthly Jan 2001 - Mar 2022
Banks Deposits (SAR mn) 2,166,619.375 Mar 2022 monthly Jan 1993 - Mar 2022
Banks Deposits: Demand: Business and Individuals (SAR mn) 1,225,740.035 Mar 2022 monthly Jan 1993 - Mar 2022
Bank Loans: Consumer (SAR mn) 428,397.085 Dec 2021 quarterly Mar 1998 - Dec 2021

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