Saudi Arabia Gross Savings Rate

2003 - 2023 | Quarterly | % | CEIC Data

Key information about Saudi Arabia Gross Savings Rate

  • Saudi Arabia Gross Savings Rate was measured at 38.1% in Jun 2023, compared with 38.1% in the previous quarter.
  • Saudi Arabia Gross Savings Rate is updated quarterly, with data available from Mar 2003 to Jun 2023, and an average rate of 38.1%.
  • The data reached an all-time high of 38.1% in Jun 2008 and a record low of 23.0% 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 contracted 4.5% YoY in Sep 2023.
  • Saudi Arabia Nominal GDP reached 267,898.5 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) fell 1.0% in Mar 2023.
  • Saudi Arabia GDP Per Capita reached 34,441.1 USD in Dec 2022.

View Saudi Arabia's Gross Savings Rate from Mar 2003 to Jun 2023 in the chart:

Saudi Arabia Gross Savings Rate

What was Saudi Arabia's Gross Savings Rate in Jun 2023?

Saudi Arabia Gross Savings Rate was measured at 38.1% in Jun 2023, compared with 38.1% in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
38.1 Jun 2023 41.0 Mar 2023 23.0 Dec 2020 60.2 Jun 2008 % quarterly Mar 2003 - Jun 2023

Gross Savings Rate by Country Comparison

Buy Selected Data

Includes Gross Savings Rate on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 17.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 36.1 2021 yearly 2000 - 2021
Argentina (%) 11.0 Mar 2023 quarterly Mar 2004 - Mar 2023
Armenia (%) 13.7 Jun 2023 quarterly Dec 1994 - Jun 2023
Australia (%) 29.6 Dec 2022 quarterly Sep 1959 - Dec 2022
Austria (%) 27.4 Jun 2023 quarterly Mar 1995 - Jun 2023
Azerbaijan (%) 32.0 Jun 2023 quarterly Mar 2001 - Jun 2023
Bahrain (%) 34.4 2021 yearly 1989 - 2021
Bangladesh (%) 30.4 2021 yearly 2006 - 2021
Belarus (%) 24.6 Jun 2023 quarterly Mar 1992 - Jun 2023
Belgium (%) 24.2 Jun 2023 quarterly Mar 1980 - Jun 2023
Bolivia (%) 19.2 Jun 2023 quarterly Mar 1990 - Jun 2023
Bosnia and Herzegovina (%) 17.5 Jun 2023 quarterly Mar 2008 - Jun 2023
Botswana (%) 32.2 Jun 2023 quarterly Mar 1994 - Jun 2023
Brazil (%) 17.4 Jun 2023 quarterly Mar 1991 - Jun 2023
Brunei (%) 60.0 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (%) 22.3 Sep 2023 quarterly Mar 1995 - Sep 2023
Cambodia (%) 27.2 2021 yearly 1993 - 2021
Canada (%) 20.0 Jun 2023 quarterly Mar 1961 - Jun 2023
Chile (%) 17.6 Sep 2023 quarterly Mar 1996 - Sep 2023
China (%) 45.9 2021 yearly 1952 - 2021
Colombia (%) 8.6 Dec 2022 quarterly Mar 2005 - Dec 2022
Croatia (%) 22.8 Jun 2023 quarterly Mar 1995 - Jun 2023
Cyprus (%) 21.1 Jun 2023 quarterly Mar 1995 - Jun 2023
Czech Republic (%) 31.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 33.7 Jun 2023 quarterly Mar 1990 - Jun 2023
Ecuador (%) 22.5 Jun 2023 quarterly Mar 1991 - Jun 2023
Egypt (%) 6.7 2017 yearly 1990 - 2017
Estonia (%) 29.7 Dec 2022 quarterly Mar 1993 - Dec 2022
European Union (%) 26.7 Jun 2023 quarterly Mar 1995 - Jun 2023
Finland (%) 21.9 Jun 2023 quarterly Mar 1990 - Jun 2023
France (%) 14.2 Dec 2017 quarterly Mar 1949 - Dec 2017
Georgia (%) 20.9 Jun 2023 quarterly Mar 1996 - Jun 2023
Germany (%) 29.6 Mar 2023 quarterly Mar 1991 - Mar 2023
Ghana (%) 15.4 2022 yearly 2006 - 2022
Greece (%) 8.1 Dec 2022 quarterly Mar 1995 - Dec 2022
Hong Kong SAR, China (%) 19.4 Jun 2023 quarterly Mar 1999 - Jun 2023
Hungary (%) 28.0 Jun 2023 quarterly Mar 1995 - Jun 2023
Iceland (%) 20.6 Jun 2023 quarterly Mar 1995 - Jun 2023
India (%) 30.2 2022 yearly 1951 - 2022
Indonesia (%) 39.0 Sep 2023 quarterly Mar 2010 - Sep 2023
Iran (%) 29.9 Mar 2023 quarterly Jun 1988 - Mar 2023
Ireland (%) 62.1 Jun 2023 quarterly Mar 1995 - Jun 2023
Israel (%) 30.2 Jun 2023 quarterly Mar 1995 - Jun 2023
Italy (%) 20.8 Jun 2023 quarterly Mar 1995 - Jun 2023
Ivory Coast (%) 22.2 2022 yearly 1960 - 2022
Japan (%) 28.8 Mar 2022 quarterly Mar 1980 - Mar 2022
Jordan (%) -3.9 2022 yearly 1963 - 2022
Kazakhstan (%) 44.9 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 12.1 2022 yearly 2006 - 2022
South Korea (%) 34.0 Dec 2022 quarterly Mar 1970 - Dec 2022
Kosovo (%) -3.4 Jun 2023 quarterly Mar 2010 - Jun 2023
Kuwait (%) 31.1 2019 yearly 1970 - 2019
Kyrgyzstan (%) -4.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Laos (%) 18.4 2016 yearly 2000 - 2016
Latvia (%) 20.1 Jun 2023 quarterly Mar 1995 - Jun 2023
Lebanon (%) -21.7 2020 yearly 1990 - 2020
Lithuania (%) 19.4 Jun 2023 quarterly Mar 1995 - Jun 2023
Luxembourg (%) 52.5 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 16.6 Dec 2022 quarterly Mar 2001 - Dec 2022
North Macedonia (%) 9.6 Jun 2023 quarterly Mar 2000 - Jun 2023
Malawi (%) 11.2 2019 yearly 1977 - 2019
Malaysia (%) 26.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Malta (%) 39.4 Jun 2023 quarterly Mar 1992 - Jun 2023
Mauritius (%) 20.6 Jun 2023 quarterly Mar 1999 - Jun 2023
Mexico (%) 18.5 Jun 2023 quarterly Mar 1993 - Jun 2023
Moldova (%) -1.3 Jun 2023 quarterly Mar 1995 - Jun 2023
Mongolia (%) 35.8 Dec 2022 quarterly Mar 2005 - Dec 2022
Montenegro (%) 8.8 Jun 2023 quarterly Mar 2010 - Jun 2023
Morocco (%) 27.2 2022 yearly 1975 - 2022
Mozambique (%) 8.1 2022 yearly 1969 - 2022
Myanmar (%) 28.7 2018 yearly 1996 - 2018
Nepal (%) 31.4 2023 yearly 2001 - 2023
Netherlands (%) 31.2 Jun 2023 quarterly Mar 1995 - Jun 2023
New Zealand (%) 20.3 Sep 2022 quarterly Jun 1987 - Sep 2022
Nigeria (%) 30.6 2022 yearly 1981 - 2022
Norway (%) 35.9 Jun 2023 quarterly Mar 1978 - Jun 2023
Oman (%) 18.8 2021 yearly 1980 - 2021
Pakistan (%) 6.0 2023 yearly 2000 - 2023
Palestinian Territory (%) 9.0 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) 35.8 2021 yearly 1960 - 2021
Paraguay (%) 21.3 Jun 2023 quarterly Mar 1994 - Jun 2023
Peru (%) 23.5 Sep 2023 quarterly Mar 1990 - Sep 2023
Philippines (%) 10.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 23.3 Jun 2023 quarterly Mar 1995 - Jun 2023
Portugal (%) 21.7 Jun 2023 quarterly Mar 1999 - Jun 2023
Qatar (%) 66.4 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 20.8 Jun 2023 quarterly Mar 1995 - Jun 2023
Russia (%) 31.9 Sep 2022 quarterly Mar 1993 - Sep 2022
Saudi Arabia (%) 38.1 Jun 2023 quarterly Mar 2003 - Jun 2023
Serbia (%) 14.5 Jun 2023 quarterly Mar 1995 - Jun 2023
Singapore (%) 49.2 2022 yearly 1960 - 2022
Slovakia (%) 18.6 Jun 2023 quarterly Mar 1995 - Jun 2023
Slovenia (%) 28.2 Jun 2023 quarterly Mar 1995 - Jun 2023
South Africa (%) 14.8 Jun 2023 quarterly Mar 1960 - Jun 2023
Spain (%) 22.7 Jun 2023 quarterly Mar 1999 - Jun 2023
Sri Lanka (%) 26.1 Sep 2022 quarterly Mar 2010 - Sep 2022
Sudan (%) 13.7 2014 yearly 1960 - 2014
Sweden (%) 30.6 Jun 2023 quarterly Mar 1980 - Jun 2023
Switzerland (%) 33.4 Jun 2023 quarterly Mar 1990 - Jun 2023

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Saudi Arabia Key Series

Buy Selected Data

Includes 181 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 (%) 2.5 2022 yearly 1969 - 2022
Consolidated Fiscal Balance (USD mn) 27,694.667 2022 yearly 1969 - 2022
National Government Debt (USD mn) 264,022.3 2022 yearly 2004 - 2022
Government Debt: % of GDP (%) 24.3 Jun 2023 quarterly Dec 2016 - Jun 2023
Forecast: Government Expenditure (SAR bn) 1,344.123 2028 yearly 1990 - 2028
Forecast: Government Net Debt (SAR bn) 806.352 2028 yearly 1991 - 2028
Forecast: Government Revenue (SAR bn) 1,374.229 2028 yearly 1991 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.415 2028 yearly 1980 - 2028
Trade Balance (USD mn) 221,307.4 2022 yearly 1957 - 2022
Total Exports (USD mn) 27,686.3 Sep 2023 monthly Jan 2015 - Sep 2023
Total Exports Growth (%) -17.1 Sep 2023 monthly Jan 2016 - Sep 2023
Aluminum: Exports (USD th) 3,144,235.292 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 545,269.271 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 22,592.765 2022 yearly 1995 - 2022
Total Imports (USD mn) 16,023.5 Sep 2023 monthly Jan 2005 - Sep 2023
Total Imports Growth (%) -2.2 Sep 2023 monthly Jan 2006 - Sep 2023
Imports: Medicament (USD th) 5,358,995.860 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,078,407.217 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 949.792 Sep 2023 monthly Jan 2017 - Sep 2023
Total Imports from USA (USD mn) 1,394.657 Sep 2023 monthly Jan 2005 - Sep 2023
Total Exports to China (USD mn) 5,064.716 Sep 2023 monthly Jan 2017 - Sep 2023
Total Imports from China (USD mn) 3,288.288 Sep 2023 monthly Jan 1981 - Sep 2023
Exports: Value: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
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: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - Apr 2018
Exports: ow USA (SAR mn) 3,561.721 Sep 2023 monthly Jan 2017 - Sep 2023
Exports: Value (SAR mn) 103,823.714 Sep 2023 monthly Jan 2015 - Sep 2023
Exports: ow China (SAR mn) 18,992.687 Sep 2023 monthly Jan 2017 - Sep 2023
Exports: India (SAR mn) 9,720.804 Sep 2023 monthly Jan 2017 - Sep 2023
Exports: South Korea (SAR mn) 10,247.403 Sep 2023 monthly Jan 2017 - Sep 2023
Imports: HS: Value: Foodstuffs (SAR mn) 112,047.733 2022 yearly 1970 - 2022
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 19,501.133 2022 yearly 1970 - 2022
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 27,956.980 2022 yearly 1970 - 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 4,891.9 Jun 2023 quarterly Mar 2006 - Jun 2023
Current Account Balance (USD mn) 15,262.2 Jun 2023 quarterly Mar 2006 - Jun 2023
Current Account Balance: % of GDP (%) 5.9 Jun 2023 quarterly Mar 2006 - Jun 2023
Foreign Direct Investment (USD mn) 1,650.1 Jun 2023 quarterly Mar 2006 - Jun 2023
Foreign Direct Investment: % of GDP (%) 0.6 Jun 2023 quarterly Mar 2006 - Jun 2023
Foreign Portfolio Investment (USD mn) 8,451.593 Jun 2023 quarterly Mar 2008 - Jun 2023
Foreign Portfolio Investment: % of GDP (%) 3.2 Jun 2023 quarterly Mar 2008 - Jun 2023
Forecast: Current Account Balance (USD bn) -13.170 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 706,748.647 2022 yearly 2007 - 2022
BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 1,601.384 Jun 2023 quarterly Mar 2018 - Jun 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 6,850.209 Jun 2023 quarterly Mar 2018 - Jun 2023
BoP: USD: FA: Other Investment (USD mn) -1,230.023 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 23,839.027 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 13,370.977 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Other Investment: Assets (USD mn) 9,613.975 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Secondary Income (USD mn) -11,653.470 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 8,451.593 Jun 2023 quarterly Mar 2008 - Jun 2023
BoP: USD: FA: Other Investment: Liabilities (USD mn) 10,843.998 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 78,589.163 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: Financial Account (FA) (USD mn) 11,457.290 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 47,700.451 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Reserve Assets (USD mn) 4,526.044 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 15,607.600 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Portfolio Investment (USD mn) 4,919.384 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Direct Investment: Assets (USD mn) 4,891.941 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Goods (USD mn) 30,888.713 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: Errors and Omissions (USD mn) -2,782.787 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Primary Income: Debit (USD mn) 5,541.490 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Primary Income (USD mn) 4,258.395 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Primary Income: Credit (USD mn) 9,799.885 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Services (USD mn) -8,231.427 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Direct Investment (USD mn) 3,241.885 Jun 2023 quarterly Mar 2006 - Jun 2023
IIP: Assets (SAR mn) 5,048,345.875 2022 yearly 2007 - 2022
International Investment Position (IIP) (SAR mn) 2,650,307.427 2022 yearly 2007 - 2022
IIP: Liabilities (SAR mn) 2,398,038.448 2022 yearly 2007 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Jun 2023 quarterly Mar 2009 - Jun 2023
Household Debt: % of GDP (%) 11.5 Jun 2023 quarterly Dec 2003 - Jun 2023
Money Supply M1 (USD mn) 410,232.388 Sep 2023 monthly Jan 1993 - Sep 2023
Money Supply M2 (USD mn) 626,582.324 Sep 2023 monthly Jan 1993 - Sep 2023
M2 Growth (%) 9.8 Sep 2023 monthly Jan 1994 - Sep 2023
Reserve Requirement Ratio (%) 7.0 Sep 2023 monthly Mar 1980 - Sep 2023
Foreign Exchange Reserves (USD mn) 414,806.9 Sep 2023 monthly Jan 2001 - Sep 2023
Foreign Exchange Reserves: % of GDP (%) 38.475 Jun 2023 quarterly Dec 2003 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 27.5 2022 yearly 1957 - 2022
Gold Reserves (USD mn) 432.945 Sep 2023 monthly Dec 1957 - Sep 2023
Total Deposits (USD mn) 654,759.519 Sep 2023 monthly Jan 1993 - Sep 2023
Total Deposits Growth (%) 8.3 Sep 2023 monthly Jan 1994 - Sep 2023
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) 141.539 Mar 2023 quarterly Mar 1998 - Mar 2023
Credit to Private Non-Financial Sector (USD bn) 784.520 Mar 2023 quarterly Mar 1993 - Mar 2023
Household Debt (USD mn) 125,584.7 Sep 2023 quarterly Mar 1998 - Sep 2023
Total Loans (USD mn) 678,360.394 Sep 2023 monthly Jan 1997 - Sep 2023
Total Loans Growth (%) 9.86 Sep 2023 monthly Jan 1998 - Sep 2023
Private Debt: % of Nominal GDP (%) 58.31 Jun 2023 quarterly Dec 2003 - Jun 2023
Base Money (SAR mn) 373,255.099 Oct 2023 monthly Jan 2000 - Oct 2023
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,663,325.825 Sep 2023 monthly Jan 1993 - Sep 2023
Money Supply: M3: M2 (SAR mn) 2,349,683.715 Sep 2023 monthly Jan 1993 - Sep 2023
Money Supply: M3: M2: M1 (SAR mn) 1,538,371.455 Sep 2023 monthly Jan 1993 - Sep 2023
Official Reserve Assets (SAR mn) 1,597,390.744 Oct 2023 monthly Jan 2001 - Oct 2023
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 573,515.627 Sep 2023 monthly Jan 2001 - Sep 2023
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019

More Indicators for Saudi Arabia

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data