Saudi Arabia Short Term Interest Rate

2007 - 2024 | Monthly | % pa | Saudi Central Bank

Key information about Saudi Arabia Short Term Interest Rate

  • Saudi Arabia Short Term Interest Rate: Monthly Avg: SIBOR: 3 Months was reported at 6.23 % pa in Jan 2024, compared with 6.32 % pa in the previous month.
  • Saudi Arabia Short Term Interest Rate data is updated monthly, available from Jan 2007 to Jan 2024.
  • The data reached an all-time high of 6.32 % pa in Dec 2023 and a record low of 0.60 % pa in Aug 2011.
  • Short Term Interest Rate is reported by reported by Saudi Central Bank.

Since June 1986, the Saudi Riyal was officially pegged to the IMF's SDR. In practice, it is fixed at 1 USD = 3.75 SAR.
  • The cash rate (Policy Rate: Month End: Official Repo Rate) was set at 6.00 % pa in Jan 2024.
  • Saudi Arabia Exchange Rate against USD averaged 3.75 (USD/SAR) in Jun 2023.
  • View Saudi Arabia's Short Term Interest Rate from Jan 2007 to Jan 2024 in the chart:

    Saudi Arabia Short Term Interest Rate

    What was Saudi Arabia's Short Term Interest Rate in Jan 2024?

    Saudi Arabia Short Term Interest Rate: Monthly Avg: SIBOR: 3 Months was reported at 6.23 % pa in Jan 2024, compared with 6.32 % pa in the previous month. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    6.23 Jan 2024 6.32 Dec 2023 0.60 Aug 2011 6.32 Dec 2023 % pa monthly Jan 2007 - Jan 2024

    Short Term Interest Rate by Country Comparison

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    Includes Short Term Interest Rate on 99 economies standardised by CEIC. Instant access to full history data in excel.
    country/region Last Frequency Range
    Albania (% pa) 3.00 Sep 2023 monthly Jan 2002 - Sep 2023
    Algeria (% pa) 3.14 Dec 2022 monthly Jun 2006 - Dec 2022
    Argentina (% pa) 31.80 Jul 2021 monthly Jan 1999 - Jul 2021
    Armenia (% pa) 11.20 Jan 2023 monthly Jan 2000 - Jan 2023
    Australia (% pa) 4.33 Feb 2024 monthly Jun 1969 - Feb 2024
    Austria (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Azerbaijan (% pa) 6.75 Jan 2024 monthly Dec 2002 - Jan 2024
    Bahrain (% pa) 5.39 Dec 2023 quarterly Jun 2003 - Dec 2023
    Bangladesh (% pa) 6.63 May 2023 monthly Sep 2003 - May 2023
    Belarus (% pa) 8.35 Oct 2023 monthly Apr 2003 - Oct 2023
    Belgium (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Bolivia (% pa) 5.90 Sep 2023 monthly Jan 1998 - Sep 2023
    Botswana (% pa) -0.60 Jan 2024 monthly Jan 2003 - Jan 2024
    Bulgaria (% pa) -0.05 Jun 2018 monthly Feb 2003 - Jun 2018
    Cambodia (% pa) 0.00 Dec 2023 monthly Dec 2016 - Dec 2023
    Canada (% pa) 5.04 Dec 2023 monthly Jan 1993 - Dec 2023
    China (% pa) 2.19 Feb 2024 monthly Oct 2006 - Feb 2024
    Colombia (% pa) 13.02 Jun 2023 monthly Jan 1986 - Jun 2023
    Croatia (% pa) 0.39 Dec 2019 monthly Sep 2002 - Dec 2019
    Cyprus (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Czech Republic (% pa) 5.98 Feb 2024 monthly Apr 1992 - Feb 2024
    Denmark (% pa) -0.43 Sep 2019 monthly Jun 1988 - Sep 2019
    Ecuador (% pa) 4.64 May 2023 monthly Apr 2000 - May 2023
    Egypt (% pa) 21.18 Feb 2024 monthly Jan 2001 - Feb 2024
    Estonia (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    European Union (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Finland (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    France (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Georgia (% pa) 8.26 Feb 2024 monthly Feb 2008 - Feb 2024
    Germany (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Ghana (% pa) 26.35 Aug 2023 monthly Aug 1996 - Aug 2023
    Greece (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Hong Kong SAR, China (% pa) 4.68 Feb 2024 monthly Jul 1996 - Feb 2024
    Hungary (% pa) 9.22 Jan 2024 monthly Aug 1996 - Jan 2024
    Iceland (% pa) 9.80 Feb 2024 monthly Aug 1998 - Feb 2024
    India (% pa) 7.14 May 2023 monthly Sep 2015 - May 2023
    Indonesia (% pa) 6.76 May 2023 monthly Dec 1995 - May 2023
    Ireland (% pa) 1.72 Dec 2021 monthly Dec 1998 - Dec 2021
    Israel (% pa) 4.42 Feb 2024 monthly Mar 2007 - Feb 2024
    Italy (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Japan (% pa) 0.10 Feb 2024 monthly Jan 1997 - Feb 2024
    Jordan (% pa) 8.34 Feb 2024 monthly Aug 2005 - Feb 2024
    Kazakhstan (% pa) 10.50 Nov 2020 monthly Jul 2000 - Nov 2020
    Kenya (% pa) 15.32 Nov 2023 monthly Jul 1991 - Nov 2023
    South Korea (% pa) 3.72 Feb 2024 monthly Jul 2004 - Feb 2024
    Kosovo (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Kuwait (% pa) 4.31 Feb 2024 monthly Nov 2001 - Feb 2024
    Latvia (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Lebanon (% pa) 120.00 Jul 2023 monthly Mar 1972 - Jul 2023
    Lithuania (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Luxembourg (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Macau SAR, China (% pa) 4.97 Jun 2023 monthly Jun 1988 - Jun 2023
    North Macedonia (% pa) 4.55 Feb 2024 monthly Jul 2007 - Feb 2024
    Malawi (% pa) 14.70 Jan 2024 monthly Jan 1983 - Jan 2024
    Malaysia (% pa) 3.56 Feb 2024 monthly Jan 1988 - Feb 2024
    Malta (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Mauritius (% pa) 3.26 Jan 2024 monthly Apr 1998 - Jan 2024
    Mexico (% pa) 11.65 Feb 2024 monthly Jan 1997 - Feb 2024
    Moldova (% pa) 8.59 Feb 2024 monthly Dec 2005 - Feb 2024
    Montenegro (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Morocco (% pa) 3.00 Feb 2024 monthly Jan 1995 - Feb 2024
    Mozambique (% pa) 18.56 Jan 2024 monthly Nov 2005 - Jan 2024
    Myanmar (% pa) 4.00 2023 yearly 1986 - 2023
    Nepal (% pa) 3.37 Jan 2024 monthly Feb 1993 - Jan 2024
    Netherlands (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    New Zealand (% pa) 5.71 Jun 2023 monthly Jan 1985 - Jun 2023
    Nigeria (% pa) 20.81 Feb 2024 monthly Jan 2010 - Feb 2024
    Norway (% pa) 1.77 Jan 2020 monthly Jan 1986 - Jan 2020
    Oman (% pa) 0.00 Dec 2023 monthly Jan 2004 - Dec 2023
    Pakistan (% pa) 22.91 Jun 2023 monthly Nov 2004 - Jun 2023
    Panama (% pa) 6.30 Jan 2024 monthly Jan 2006 - Jan 2024
    Philippines (% pa) 5.57 Feb 2024 monthly Jan 1975 - Feb 2024
    Poland (% pa) 5.86 Feb 2024 monthly Jan 1999 - Feb 2024
    Portugal (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Qatar (% pa) 6.00 Jan 2024 monthly Jul 2004 - Jan 2024
    Romania (% pa) 6.08 Feb 2024 monthly Aug 1995 - Feb 2024
    Russia (% pa) 9.71 Jul 2023 monthly Aug 2000 - Jul 2023
    Saudi Arabia (% pa) 6.23 Jan 2024 monthly Jan 2007 - Jan 2024
    Serbia (% pa) 5.69 Feb 2024 monthly Aug 2005 - Feb 2024
    Singapore (% pa) 4.06 Feb 2024 monthly Oct 1995 - Feb 2024
    Slovakia (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Slovenia (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    South Africa (% pa) 8.47 Feb 2024 monthly Dec 1980 - Feb 2024
    Spain (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Sri Lanka (% pa) 6.96 Jun 2020 monthly Jul 2000 - Jun 2020
    Sweden (% pa) 0.03 Jul 2020 monthly Jan 1987 - Jul 2020
    Switzerland (% pa) 1.71 Feb 2024 monthly Jul 1999 - Feb 2024
    Taiwan (% pa) 1.49 Feb 2024 monthly Oct 2005 - Feb 2024
    Thailand (% pa) 2.65 Feb 2024 monthly Jan 2005 - Feb 2024
    Turkey (% pa) 16.01 Jun 2022 monthly Aug 2002 - Jun 2022
    Ukraine (% pa) 4.32 Jan 2024 monthly Jan 2006 - Jan 2024
    United Arab Emirates (% pa) 5.24 Feb 2024 monthly Oct 2009 - Feb 2024
    United Kingdom (% pa) 0.09 Apr 2021 monthly Jan 1986 - Apr 2021
    United States (% pa) 5.25 Feb 2024 monthly Jan 1954 - Feb 2024
    Uruguay (% pa) 9.18 Feb 2024 monthly Sep 2002 - Feb 2024
    Venezuela (% pa) 43.78 Jun 2023 monthly Jan 1998 - Jun 2023
    Vietnam (% pa) 2.96 Feb 2024 monthly Jul 2004 - Feb 2024
    Yemen (% pa) 16.07 Jan 2015 monthly Dec 1995 - Jan 2015
    Zambia (% pa) 10.10 Apr 2023 monthly Jan 2006 - Apr 2023

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    Saudi Arabia Key Series

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    Includes 191 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) -21,585.731 2023 yearly 1969 - 2023
    National Government Debt (USD mn) 273,066.7 2023 yearly 2004 - 2023
    Government Debt: % of GDP (%) 24.8 Sep 2023 quarterly Dec 2016 - Sep 2023
    Forecast: Government Expenditure (SAR bn) 1,344.120 2028 yearly 1990 - 2028
    Forecast: Government Net Debt (SAR bn) 806.352 2028 yearly 1991 - 2028
    Forecast: Government Revenue (SAR bn) 1,374.230 2028 yearly 1991 - 2028
    Public Debt (SAR mn) 87,982.516 2023 yearly 2004 - 2023
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) 5.415 2028 yearly 1980 - 2028
    Trade Balance (USD mn) 111,202.9 2023 yearly 1957 - 2023
    Total Exports (USD mn) 26,268.1 Dec 2023 monthly Jan 2015 - Dec 2023
    Total Exports Growth (%) -9.7 Dec 2023 monthly Jan 2016 - Dec 2023
    Aluminum: Exports (USD th) 3,177,047.652 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) 16,094.5 Dec 2023 monthly Jan 2005 - Dec 2023
    Total Imports Growth (%) -7.1 Dec 2023 monthly Jan 2006 - Dec 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) 1,345.368 Dec 2023 monthly Jan 2017 - Dec 2023
    Total Imports from USA (USD mn) 1,305.212 Dec 2023 monthly Jan 2005 - Dec 2023
    Total Exports to China (USD mn) 3,884.679 Dec 2023 monthly Jan 2017 - Dec 2023
    Total Imports from China (USD mn) 3,385.876 Dec 2023 monthly Jan 1981 - Dec 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: ow USA (SAR mn) 5,045.130 Dec 2023 monthly Jan 2017 - Dec 2023
    Exports: ow China (SAR mn) 14,567.547 Dec 2023 monthly Jan 2017 - Dec 2023
    Exports: Value (SAR mn) 98,505.349 Dec 2023 monthly Jan 2015 - Dec 2023
    Exports: India (SAR mn) 8,675.473 Dec 2023 monthly Jan 2017 - Dec 2023
    Exports: South Korea (SAR mn) 8,646.712 Dec 2023 monthly Jan 2017 - Dec 2023
    Exports: Value: Asia: India (SAR mn) 157,187.346 2022 yearly 1984 - 2022
    Imports: HS: Value: MC: Mineral Products (SAR mn) 60,441.675 2023 yearly 1983 - 2023
    Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 17,042.009 2023 yearly 1970 - 2023
    Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 33,729.880 2023 yearly 1970 - 2023
    Imports: HS: Value: Foodstuffs (SAR mn) 103,472.691 2023 yearly 1970 - 2023
    Imports: HS: Value: Transport Equipment (SAR mn) 138,396.368 2023 yearly 1970 - 2023
    Imports: Value: European Union: Germany (SAR mn) 30,000.405 2022 yearly 1984 - 2022
    Imports: Value: Asia: South Korea (SAR mn) 19,767.343 2022 yearly 1984 - 2022
    Balance of Payments Last Frequency Range
    Direct Investment Abroad (USD mn) 4,968.2 Sep 2023 quarterly Mar 2006 - Sep 2023
    Current Account Balance (USD mn) 4,623.3 Sep 2023 quarterly Mar 2006 - Sep 2023
    Current Account Balance: % of GDP (%) 1.9 Sep 2023 quarterly Mar 2006 - Sep 2023
    Foreign Direct Investment (USD mn) 2,130.7 Sep 2023 quarterly Mar 2006 - Sep 2023
    Foreign Direct Investment: % of GDP (%) 0.8 Sep 2023 quarterly Mar 2006 - Sep 2023
    Foreign Portfolio Investment (USD mn) 1,690.650 Sep 2023 quarterly Mar 2008 - Sep 2023
    Foreign Portfolio Investment: % of GDP (%) 0.6 Sep 2023 quarterly Mar 2008 - Sep 2023
    Forecast: Current Account Balance (USD bn) 6.924 2028 yearly 1980 - 2028
    Net International Investment Position (USD mn) 786,058.406 2022 yearly 2007 - 2022
    BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 1,074.043 Sep 2023 quarterly Mar 2018 - Sep 2023
    BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 616.607 Sep 2023 quarterly Mar 2018 - Sep 2023
    BoP: USD: FA: Other Investment (USD mn) 485.458 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: FA: Other Investment: Assets (USD mn) 5,760.648 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: FA: Portfolio Investment: Assets (USD mn) 4,754.344 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 23,560.847 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: CA: Secondary Income (USD mn) -11,814.294 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 1,690.650 Sep 2023 quarterly Mar 2008 - Sep 2023
    BoP: USD: FA: Other Investment: Liabilities (USD mn) 5,275.189 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: FA: Portfolio Investment (USD mn) 3,055.235 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: FA: Reserve Assets (USD mn) -3,715.950 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: Financial Account (FA) (USD mn) 1,967.752 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: Errors and Omissions (USD mn) -1,431.054 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 80,150.973 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 50,194.672 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: CA: Primary Income: Credit (USD mn) 7,228.677 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: CA: Primary Income: Debit (USD mn) 5,224.457 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 8,037.941 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: FA: Direct Investment: Assets (USD mn) 4,590.724 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: CA: Goods & Services: Goods (USD mn) 29,956.301 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: CA: Goods & Services: Services (USD mn) -15,522.906 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: CA: Primary Income (USD mn) 2,004.220 Sep 2023 quarterly Mar 2006 - Sep 2023
    BoP: USD: FA: Direct Investment (USD mn) 2,460.004 Sep 2023 quarterly Mar 2006 - Sep 2023
    IIP: Assets (SAR mn) 5,089,341.035 2022 yearly 2007 - 2022
    International Investment Position (IIP) (SAR mn) 2,947,719.023 2022 yearly 2007 - 2022
    IIP: Liabilities (SAR mn) 2,141,622.012 2022 yearly 2007 - 2022
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 1.6 Sep 2023 quarterly Mar 2009 - Sep 2023
    Household Debt: % of GDP (%) 11.5 Jun 2023 quarterly Dec 2003 - Jun 2023
    Money Supply M1 (USD mn) 407,936.605 Jan 2024 monthly Jan 1993 - Jan 2024
    Money Supply M2 (USD mn) 638,422.273 Jan 2024 monthly Jan 1993 - Jan 2024
    M2 Growth (%) 10.7 Jan 2024 monthly Jan 1994 - Jan 2024
    Reserve Requirement Ratio (%) 7.0 Feb 2024 monthly Mar 1980 - Feb 2024
    Foreign Exchange Reserves (USD mn) 414,110.8 Jan 2024 monthly Jan 2001 - Jan 2024
    Foreign Exchange Reserves: % of GDP (%) 38.475 Jun 2023 quarterly Dec 2003 - Jun 2023
    Foreign Exchange Reserves: Months of Import (NA) 23.4 2023 yearly 1957 - 2023
    Gold Reserves (USD mn) 432.934 Feb 2024 monthly Dec 1957 - Feb 2024
    Total Deposits (USD mn) 668,973.360 Jan 2024 monthly Jan 1993 - Jan 2024
    Total Deposits Growth (%) 10.3 Jan 2024 monthly Jan 1994 - Jan 2024
    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) 343.508 Sep 2023 quarterly Mar 1998 - Sep 2023
    Credit to Private Non-Financial Sector (USD bn) 784.198 Sep 2023 quarterly Mar 1993 - Sep 2023
    Household Debt (USD mn) 125,038.9 Dec 2023 quarterly Mar 1998 - Dec 2023
    Total Loans (USD mn) 699,126.946 Jan 2024 monthly Jan 1997 - Jan 2024
    Total Loans Growth (%) 10.74 Jan 2024 monthly Jan 1998 - Jan 2024
    Private Debt: % of Nominal GDP (%) 58.31 Jun 2023 quarterly Dec 2003 - Jun 2023
    Base Money (SAR mn) 377,140.243 Jan 2024 monthly Jan 2000 - Jan 2024
    Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,720,957.098 Jan 2024 monthly Jan 1993 - Jan 2024
    Money Supply: M3: M2: M1 (SAR mn) 1,529,762.267 Jan 2024 monthly Jan 1993 - Jan 2024
    Money Supply: M3: M2 (SAR mn) 2,394,083.525 Jan 2024 monthly Jan 1993 - Jan 2024
    Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 563,130.152 Jan 2024 monthly Jan 2001 - Jan 2024
    Official Reserve Assets (SAR mn) 1,646,126.250 Jan 2024 monthly Jan 2001 - Jan 2024
    Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019

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