Saudi Arabia Private Consumption: % of GDP

2003 - 2023 | Quarterly | % | CEIC Data

Key information about Saudi Arabia Private Consumption: % of GDP

  • Saudi Arabia Private Consumption accounted for 40.4 % of its Nominal GDP in Jun 2023, compared with a ratio of 38.8 % in the previous quarter.
  • Saudi Arabia Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 2003 to Jun 2023, with an average share of 34.2 %.
  • The data reached an all-time high of 46.2 % in Mar 2016 and a record low of 23.6 % in Dec 2007.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. General Authority for Statistics provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Saudi Arabia Private Consumption: % of GDP

  • In the latest reports, Saudi Arabia GDP expanded 1.2 % YoY in Jun 2023.
  • Its Nominal GDP reached 267.9 USD bn in Mar 2023.
  • Saudi Arabia GDP Per Capita reached 34,441.1 USD in Dec 2022.
  • Its Gross Savings Rate was measured at 37.7 % in Jun 2023.

View Saudi Arabia's Private Consumption: % of GDP from Mar 2003 to Jun 2023 in the chart:

Saudi Arabia Private Consumption: % of GDP

What was Saudi Arabia's Private Consumption: % of GDP in Jun 2023?

Saudi Arabia Private Consumption accounted for 40.4 % of its Nominal GDP in Jun 2023, compared with a ratio of 38.8 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
40.4 Jun 2023 38.8 Mar 2023 23.6 Dec 2007 46.2 Mar 2016 % quarterly Mar 2003 - Jun 2023

Private Consumption: % of GDP by Country Comparison

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Includes Private Consumption: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 73.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 44.4 2021 yearly 1950 - 2021
Argentina (%) 62.8 Sep 2022 quarterly Mar 1993 - Sep 2022
Armenia (%) 73.8 Jun 2023 quarterly Dec 1994 - Jun 2023
Australia (%) 49.8 Jun 2023 quarterly Sep 1959 - Jun 2023
Austria (%) 51.5 Jun 2023 quarterly Mar 1988 - Jun 2023
Azerbaijan (%) 44.0 Sep 2022 quarterly Mar 2001 - Sep 2022
Bahrain (%) 39.1 2021 yearly 1975 - 2021
Bangladesh (%) 69.1 2022 yearly 1973 - 2022
Belarus (%) 53.7 Dec 2022 quarterly Mar 1994 - Dec 2022
Belgium (%) 52.6 Jun 2023 quarterly Mar 1980 - Jun 2023
Bolivia (%) 69.9 Mar 2023 quarterly Mar 1990 - Mar 2023
Bosnia and Herzegovina (%) 67.9 Dec 2022 quarterly Mar 2008 - Dec 2022
Botswana (%) 42.4 Mar 2023 quarterly Mar 2006 - Mar 2023
Brazil (%) 62.4 Jun 2023 quarterly Mar 1996 - Jun 2023
Brunei (%) 28.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Bulgaria (%) 62.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (%) 65.2 2021 yearly 1993 - 2021
Canada (%) 58.6 Jun 2023 quarterly Mar 1961 - Jun 2023
Chile (%) 65.2 Sep 2022 quarterly Mar 1996 - Sep 2022
China (%) 38.2 2021 yearly 1952 - 2021
Colombia (%) 76.1 Jun 2023 quarterly Mar 2005 - Jun 2023
Croatia (%) 57.7 Jun 2023 quarterly Mar 1995 - Jun 2023
Cyprus (%) 62.3 Jun 2023 quarterly Mar 1995 - Jun 2023
Czech Republic (%) 45.9 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 45.4 Jun 2023 quarterly Mar 1990 - Jun 2023
Ecuador (%) 63.1 Mar 2023 quarterly Mar 1991 - Mar 2023
Egypt (%) 81.1 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (%) 52.6 Mar 2023 quarterly Mar 1993 - Mar 2023
European Union (%) 52.3 Jun 2023 quarterly Mar 1995 - Jun 2023
Finland (%) 52.0 Jun 2023 quarterly Mar 1975 - Jun 2023
France (%) 52.2 Jun 2023 quarterly Mar 1980 - Jun 2023
Georgia (%) 70.8 Sep 2022 quarterly Mar 1996 - Sep 2022
Germany (%) 51.0 Jun 2023 quarterly Mar 1991 - Jun 2023
Ghana (%) 69.2 2021 yearly 2006 - 2021
Greece (%) 66.3 Sep 2022 quarterly Mar 1995 - Sep 2022
Hong Kong SAR, China (%) 70.0 Mar 2023 quarterly Mar 1973 - Mar 2023
Hungary (%) 50.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Iceland (%) 53.4 Jun 2023 quarterly Mar 1995 - Jun 2023
India (%) 59.7 Jun 2023 quarterly Jun 1996 - Jun 2023
Indonesia (%) 54.5 Jun 2023 quarterly Mar 1993 - Jun 2023
Iran (%) 45.2 Mar 2022 quarterly Jun 1988 - Mar 2022
Ireland (%) 27.8 Jun 2023 quarterly Mar 1995 - Jun 2023
Israel (%) 48.6 Jun 2023 quarterly Mar 1995 - Jun 2023
Italy (%) 58.6 Dec 2022 quarterly Mar 1980 - Dec 2022
Ivory Coast (%) 69.0 2022 yearly 1960 - 2022
Japan (%) 54.2 Jun 2023 quarterly Mar 1980 - Jun 2023
Jordan (%) 83.8 2021 yearly 1962 - 2021
Kazakhstan (%) 46.5 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 75.6 2022 yearly 1969 - 2022
South Korea (%) 48.3 Jun 2023 quarterly Mar 1960 - Jun 2023
Kosovo (%) 72.5 Sep 2022 quarterly Mar 2010 - Sep 2022
Kuwait (%) 41.4 2019 yearly 1962 - 2019
Kyrgyzstan (%) 77.8 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (%) 64.4 2016 yearly 2000 - 2016
Latvia (%) 61.4 Jun 2023 quarterly Mar 1995 - Jun 2023
Lebanon (%) 106.0 2020 yearly 1990 - 2020
Lithuania (%) 60.7 Dec 2022 quarterly Mar 1993 - Dec 2022
Luxembourg (%) 31.2 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 32.7 Jun 2023 quarterly Mar 1998 - Jun 2023
North Macedonia (%) 67.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Malawi (%) 79.2 2019 yearly 1960 - 2019
Malaysia (%) 59.8 Jun 2023 quarterly Mar 1991 - Jun 2023
Malta (%) 42.9 Jun 2023 quarterly Mar 1992 - Jun 2023
Mauritius (%) 72.0 Sep 2022 quarterly Mar 1999 - Sep 2022
Mexico (%) 71.4 Mar 2023 quarterly Mar 1993 - Mar 2023
Moldova (%) 88.2 Mar 2023 quarterly Mar 1995 - Mar 2023
Mongolia (%) 49.7 Jun 2023 quarterly Mar 2010 - Jun 2023
Montenegro (%) 77.9 Dec 2022 quarterly Mar 2010 - Dec 2022
Morocco (%) 61.5 Sep 2022 quarterly Mar 2007 - Sep 2022
Mozambique (%) 68.6 2021 yearly 1969 - 2021
Nepal (%) 88.2 2023 yearly 1975 - 2023
Netherlands (%) 42.9 Jun 2023 quarterly Mar 1977 - Jun 2023
New Zealand (%) 56.6 Mar 2023 quarterly Jun 1987 - Mar 2023
Nigeria (%) 62.2 2021 yearly 1981 - 2021
Norway (%) 40.5 Jun 2023 quarterly Mar 1978 - Jun 2023
Oman (%) 44.3 2021 yearly 1980 - 2021
Pakistan (%) 84.2 2023 yearly 1967 - 2023
Palestinian Territory (%) 106.0 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) 50.5 2021 yearly 1996 - 2021
Paraguay (%) 62.7 Mar 2023 quarterly Mar 1994 - Mar 2023
Peru (%) 68.1 Jun 2023 quarterly Mar 1980 - Jun 2023
Philippines (%) 73.5 Jun 2023 quarterly Mar 1981 - Jun 2023
Poland (%) 58.3 Jun 2023 quarterly Mar 1995 - Jun 2023
Portugal (%) 62.0 Jun 2023 quarterly Mar 1995 - Jun 2023
Qatar (%) 18.6 Sep 2022 quarterly Mar 2013 - Sep 2022
Romania (%) 62.6 Jun 2023 quarterly Mar 1995 - Jun 2023
Russia (%) 53.4 Mar 2023 quarterly Mar 1993 - Mar 2023
Saudi Arabia (%) 40.4 Jun 2023 quarterly Mar 2003 - Jun 2023
Serbia (%) 66.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Singapore (%) 29.8 2022 yearly 1960 - 2022
Slovakia (%) 61.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Slovenia (%) 51.1 Jun 2023 quarterly Mar 1995 - Jun 2023
South Africa (%) 62.8 Jun 2023 quarterly Mar 1960 - Jun 2023
Spain (%) 53.1 Dec 2022 quarterly Mar 1980 - Dec 2022
Sri Lanka (%) 61.0 Dec 2022 quarterly Mar 2010 - Dec 2022
Sudan (%) 77.8 2016 yearly 1976 - 2016
Sweden (%) 44.0 Jun 2023 quarterly Mar 1980 - Jun 2023
Switzerland (%) 51.1 Jun 2023 quarterly Mar 1980 - Jun 2023
Syria (%) 128.6 2021 yearly 1970 - 2021

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Saudi Arabia Key Series

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Includes 178 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) 1,345.170 2028 yearly 1990 - 2028
Forecast: Government Net Debt (SAR bn) 938.028 2028 yearly 1991 - 2028
Forecast: Government Revenue (SAR bn) 1,329.829 2028 yearly 1991 - 2028
Public Debt (SAR mn) 108,753.650 2021 yearly 2004 - 2021
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) 23,667.5 Jun 2023 monthly Jan 2015 - Jun 2023
Total Exports Growth (%) -39.7 Jun 2023 monthly Jan 2016 - Jun 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) 13,716.7 Jun 2023 monthly Jan 2005 - Jun 2023
Total Imports Growth (%) -17.1 Jun 2023 monthly Jan 2006 - Jun 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) 1,551.106 Jun 2023 monthly Jan 2017 - Jun 2023
Total Imports from USA (USD mn) 1,156.796 Jun 2023 monthly Jan 2005 - Jun 2023
Total Exports to China (USD mn) 3,658.525 Jun 2023 monthly Jan 2017 - Jun 2023
Total Imports from China (USD mn) 2,678.981 Jun 2023 monthly Jan 1981 - Jun 2023
Exports: Value: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - Apr 2018
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 (SAR mn) 88,753.075 Jun 2023 monthly Jan 2015 - Jun 2023
Exports: India (SAR mn) 7,745.316 Jun 2023 monthly Jan 2017 - Jun 2023
Exports: South Korea (SAR mn) 8,134.632 Jun 2023 monthly Jan 2017 - Jun 2023
Exports: ow USA (SAR mn) 5,816.649 Jun 2023 monthly Jan 2017 - Jun 2023
Exports: ow China (SAR mn) 13,719.468 Jun 2023 monthly Jan 2017 - Jun 2023
Exports: Value: Asia: South Korea (SAR mn) 87,342.183 2021 yearly 1984 - 2021
Exports: Value: Asia: India (SAR mn) 99,965.866 2021 yearly 1984 - 2021
Exports: Value: Asia: Japan (SAR mn) 152,890.141 2022 yearly 1984 - 2022
Exports: Value: Asia: China Mainland (SAR mn) 249,926.247 2022 yearly 1984 - 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 9,372.4 Mar 2023 quarterly Mar 2006 - Mar 2023
Current Account Balance (USD mn) 19,765.7 Dec 2022 quarterly Mar 2006 - Dec 2022
Current Account Balance: % of GDP (%) 6.6 Mar 2023 quarterly Mar 2006 - Mar 2023
Foreign Direct Investment (USD mn) 2,164.7 Mar 2023 quarterly Mar 2006 - Mar 2023
Foreign Direct Investment: % of GDP (%) 0.7 Dec 2022 quarterly Mar 2006 - Dec 2022
Foreign Portfolio Investment (USD mn) 12,252.864 Mar 2023 quarterly Mar 2008 - Mar 2023
Foreign Portfolio Investment: % of GDP (%) 4.6 Mar 2023 quarterly Mar 2008 - Mar 2023
Forecast: Current Account Balance (USD bn) -13.170 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 681,561.315 2022 yearly 2007 - 2022
BoP: USD: FA: Other Investment (USD mn) 8,100.433 Dec 2022 quarterly Mar 2006 - Dec 2022
BoP: USD: CA: Secondary Income (USD mn) -11,583.977 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 26,130.104 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 23,201.234 Dec 2022 quarterly Mar 2006 - Dec 2022
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) -170.216 Sep 2022 quarterly Mar 2008 - Sep 2022
BoP: USD: Errors and Omissions (USD mn) 2,390.730 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: FA: Reserve Assets (USD mn) 1,637.288 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: FA: Portfolio Investment (USD mn) 15,247.389 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: FA: Other Investment: Liabilities (USD mn) -9,832.678 Dec 2022 quarterly Mar 2006 - Dec 2022
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 42,205.258 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 106,745.649 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: Financial Account (FA) (USD mn) 15,765.833 Mar 2023 quarterly Mar 2006 - Mar 2023
BoP: USD: FA: Direct Investment (USD mn) 4,029.747 Dec 2022 quarterly Mar 2006 - Dec 2022
BoP: USD: CA: Goods & Services: Goods (USD mn) 62,049.362 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: CA: Goods & Services: Services (USD mn) -19,924.608 Jun 2022 quarterly Mar 2006 - Jun 2022
BoP: USD: FA: Other Investment: Assets (USD mn) 29,378.216 Mar 2022 quarterly Mar 2006 - Mar 2022
BoP: USD: CA: Primary Income (USD mn) 1,508.876 Mar 2023 quarterly Mar 2006 - Mar 2023
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 11,352.237 Sep 2022 quarterly Mar 2006 - Sep 2022
BoP: USD: FA: Direct Investment: Assets (USD mn) 5,954.795 Dec 2022 quarterly Mar 2006 - Dec 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Mar 2023 quarterly Mar 2009 - Mar 2023
Household Debt: % of GDP (%) 11.5 Jun 2023 quarterly Dec 2003 - Jun 2023
Money Supply M1 (USD mn) 410,532.429 Jul 2023 monthly Jan 1993 - Jul 2023
Money Supply M2 (USD mn) 616,801.679 Jul 2023 monthly Jan 1993 - Jul 2023
M2 Growth (%) 9.4 Jul 2023 monthly Jan 1994 - Jul 2023
Reserve Requirement Ratio (%) 7.0 Aug 2023 monthly Mar 1980 - Aug 2023
Foreign Exchange Reserves (USD mn) 401,753.8 Jul 2023 monthly Jan 2001 - Jul 2023
Foreign Exchange Reserves: % of GDP (%) 38.557 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 Jul 2023 monthly Dec 1957 - Jul 2023
Total Deposits (USD mn) 652,902.733 Jul 2023 monthly Jan 1993 - Jul 2023
Total Deposits Growth (%) 9.8 Jul 2023 monthly Jan 1994 - Jul 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) 141.888 Dec 2022 quarterly Mar 1998 - Dec 2022
Credit to Private Non-Financial Sector (USD bn) 762.483 Dec 2022 quarterly Mar 1993 - Dec 2022
Household Debt (USD mn) 125,029.6 Jun 2023 quarterly Mar 1998 - Jun 2023
Total Loans (USD mn) 664,611.738 Jul 2023 monthly Jan 1997 - Jul 2023
Total Loans Growth (%) 10.48 Jul 2023 monthly Jan 1998 - Jul 2023
Private Debt: % of Nominal GDP (%) 58.44 Jun 2023 quarterly Dec 2003 - Jun 2023
Base Money (SAR mn) 376,918.694 Jul 2023 monthly Jan 2000 - Jul 2023
Money Supply: M3: M2: M1 (SAR mn) 1,539,496.608 Jul 2023 monthly Jan 1993 - Jul 2023
Money Supply: M3: M2 (SAR mn) 2,313,006.295 Jul 2023 monthly Jan 1993 - Jul 2023
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,659,676.959 Jul 2023 monthly Jan 1993 - Jul 2023
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 554,283.565 Jul 2023 monthly Jan 2001 - Jul 2023
Official Reserve Assets (SAR mn) 1,600,996.682 Jul 2023 monthly Jan 2001 - Jul 2023
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019

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