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 6.24 % pa in Feb 2024, compared with 6.23 % pa in the previous month.
  • Saudi Arabia Short Term Interest Rate data is updated monthly, available from Jan 2007 to Feb 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 Feb 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 Feb 2024 in the chart:

    Saudi Arabia Short Term Interest Rate

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

    Saudi Arabia Short Term Interest Rate: Monthly Avg: SIBOR: 3 Months was reported at 6.24 % pa in Feb 2024, compared with 6.23 % pa in the previous month. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    6.24 Feb 2024 6.23 Jan 2024 0.60 Aug 2011 6.32 Dec 2023 % pa monthly Jan 2007 - Feb 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) 3.09 Jan 2024 monthly Jan 2002 - Jan 2024
    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 Mar 2024 monthly Jun 1969 - Mar 2024
    Austria (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Azerbaijan (% pa) 7.50 Feb 2024 monthly Dec 2002 - Feb 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) 11.50 Mar 2024 monthly Apr 2003 - Mar 2024
    Belgium (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Bolivia (% pa) 5.90 Sep 2023 monthly Jan 1998 - Sep 2023
    Botswana (% pa) -0.30 Feb 2024 monthly Jan 2003 - Feb 2024
    Bulgaria (% pa) -0.05 Jun 2018 monthly Feb 2003 - Jun 2018
    Cambodia (% pa) 0.00 Mar 2024 monthly Dec 2016 - Mar 2024
    Canada (% pa) 4.99 Mar 2024 monthly Jan 1993 - Mar 2024
    China (% pa) 2.16 Mar 2024 monthly Oct 2006 - Mar 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) 5.61 Mar 2024 monthly Apr 1992 - Mar 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) 8.00 Mar 2024 monthly Feb 2008 - Mar 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) 4.72 Mar 2024 monthly Jul 1996 - Mar 2024
    Hungary (% pa) 7.83 Mar 2024 monthly Aug 1996 - Mar 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) 4.35 Mar 2024 monthly Mar 2007 - Mar 2024
    Italy (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Japan (% pa) 0.26 Mar 2024 monthly Jan 1997 - Mar 2024
    Jordan (% pa) 8.34 Mar 2024 monthly Aug 2005 - Mar 2024
    Kazakhstan (% pa) 10.50 Nov 2020 monthly Jul 2000 - Nov 2020
    Kenya (% pa) 16.14 Jan 2024 monthly Jul 1991 - Jan 2024
    South Korea (% pa) 3.64 Mar 2024 monthly Jul 2004 - Mar 2024
    Kosovo (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Kuwait (% pa) 4.31 Mar 2024 monthly Nov 2001 - Mar 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 Mar 2024 monthly Jul 2007 - Mar 2024
    Malawi (% pa) 14.70 Jan 2024 monthly Jan 1983 - Jan 2024
    Malaysia (% pa) 3.59 Mar 2024 monthly Jan 1988 - Mar 2024
    Malta (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Mauritius (% pa) 0.00 Feb 2024 monthly Apr 1998 - Feb 2024
    Mexico (% pa) 11.45 Mar 2024 monthly Jan 1997 - Mar 2024
    Moldova (% pa) 8.34 Mar 2024 monthly Dec 2005 - Mar 2024
    Montenegro (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Morocco (% pa) 3.01 Mar 2024 monthly Jan 1995 - Mar 2024
    Mozambique (% pa) 17.62 Mar 2024 monthly Nov 2005 - Mar 2024
    Myanmar (% pa) 4.00 2023 yearly 1986 - 2023
    Nepal (% pa) 3.02 Mar 2024 monthly Feb 1993 - Mar 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) 25.10 Mar 2024 monthly Jan 2010 - Mar 2024
    Norway (% pa) 1.77 Jan 2020 monthly Jan 1986 - Jan 2020
    Oman (% pa) 0.00 Jan 2024 monthly Jan 2004 - Jan 2024
    Pakistan (% pa) 22.91 Jun 2023 monthly Nov 2004 - Jun 2023
    Panama (% pa) 5.23 Feb 2024 monthly Jan 2006 - Feb 2024
    Philippines (% pa) 5.74 Mar 2024 monthly Jan 1975 - Mar 2024
    Poland (% pa) 5.88 Mar 2024 monthly Jan 1999 - Mar 2024
    Portugal (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
    Qatar (% pa) 6.00 Feb 2024 monthly Jul 2004 - Feb 2024
    Romania (% pa) 6.06 Mar 2024 monthly Aug 1995 - Mar 2024
    Russia (% pa) 9.71 Jul 2023 monthly Aug 2000 - Jul 2023
    Saudi Arabia (% pa) 6.24 Feb 2024 monthly Jan 2007 - Feb 2024
    Serbia (% pa) 5.69 Mar 2024 monthly Aug 2005 - Mar 2024
    Singapore (% pa) 4.06 Mar 2024 monthly Oct 1995 - Mar 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) 8.48 Mar 2024 monthly Dec 1980 - Mar 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) 1.50 Mar 2024 monthly Jul 1999 - Mar 2024
    Taiwan (% pa) 1.49 Feb 2024 monthly Oct 2005 - Feb 2024
    Thailand (% pa) 2.65 Mar 2024 monthly Jan 2005 - Mar 2024
    Turkey (% pa) 16.01 Jun 2022 monthly Aug 2002 - Jun 2022
    Ukraine (% pa) 4.33 Feb 2024 monthly Jan 2006 - Feb 2024
    United Arab Emirates (% pa) 5.10 Mar 2024 monthly Oct 2009 - Mar 2024
    United Kingdom (% pa) 0.09 Apr 2021 monthly Jan 1986 - Apr 2021
    United States (% pa) 5.23 Mar 2024 monthly Jan 1954 - Mar 2024
    Uruguay (% pa) 9.14 Mar 2024 monthly Sep 2002 - Mar 2024
    Venezuela (% pa) 43.78 Jun 2023 monthly Jan 1998 - Jun 2023
    Vietnam (% pa) 3.29 Mar 2024 monthly Jul 2004 - Mar 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 192 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 (%) 26.2 Dec 2023 quarterly Dec 2016 - Dec 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) 25,318.3 Jan 2024 monthly Jan 2015 - Jan 2024
    Total Exports Growth (%) -10.3 Jan 2024 monthly Jan 2016 - Jan 2024
    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) 17,790.5 Jan 2024 monthly Jan 2005 - Jan 2024
    Total Imports Growth (%) -1.4 Jan 2024 monthly Jan 2006 - Jan 2024
    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) 223.503 Jan 2024 monthly Jan 2017 - Jan 2024
    Total Imports from USA (USD mn) 1,381.322 Jan 2024 monthly Jan 2005 - Jan 2024
    Total Exports to China (USD mn) 1,686.288 Jan 2024 monthly Jan 2017 - Jan 2024
    Total Imports from China (USD mn) 3,628.458 Jan 2024 monthly Jan 1981 - Jan 2024
    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) 838.135 Jan 2024 monthly Jan 2017 - Jan 2024
    Exports: ow China (SAR mn) 6,323.580 Jan 2024 monthly Jan 2017 - Jan 2024
    Exports: Value (SAR mn) 94,943.567 Jan 2024 monthly Jan 2015 - Jan 2024
    Exports: South Korea (SAR mn) 1,865.858 Jan 2024 monthly Jan 2017 - Jan 2024
    Exports: India (SAR mn) 1,030.331 Jan 2024 monthly Jan 2017 - Jan 2024
    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: Foodstuffs (SAR mn) 103,472.691 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: 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) 1,572.9 Dec 2023 quarterly Mar 2006 - Dec 2023
    Current Account Balance (USD mn) 4,345.0 Dec 2023 quarterly Mar 2006 - Dec 2023
    Current Account Balance: % of GDP (%) 1.6 Dec 2023 quarterly Mar 2006 - Dec 2023
    Foreign Direct Investment (USD mn) 3,516.5 Dec 2023 quarterly Mar 2006 - Dec 2023
    Foreign Direct Investment: % of GDP (%) 1.3 Dec 2023 quarterly Mar 2006 - Dec 2023
    Foreign Portfolio Investment (USD mn) 3,396.120 Dec 2023 quarterly Mar 2008 - Dec 2023
    Foreign Portfolio Investment: % of GDP (%) 1.3 Dec 2023 quarterly Mar 2008 - Dec 2023
    Forecast: Current Account Balance (USD bn) 6.924 2028 yearly 1980 - 2028
    Net International Investment Position (USD mn) 785,074.650 2023 yearly 2007 - 2023
    BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 616.607 Sep 2023 quarterly Mar 2018 - Sep 2023
    BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 1,074.043 Sep 2023 quarterly Mar 2018 - Sep 2023
    BoP: USD: FA: Other Investment: Assets (USD mn) 4,039.242 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: FA: Other Investment (USD mn) -12,678.459 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: CA: Secondary Income (USD mn) -13,322.937 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 24,031.936 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: FA: Portfolio Investment: Assets (USD mn) 19,682.520 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 3,396.120 Dec 2023 quarterly Mar 2008 - Dec 2023
    BoP: USD: FA: Other Investment: Liabilities (USD mn) 16,717.701 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: Errors and Omissions (USD mn) -3,505.581 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: FA: Portfolio Investment (USD mn) 16,286.400 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 79,505.705 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: Financial Account (FA) (USD mn) -916.716 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: FA: Reserve Assets (USD mn) -2,580.978 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 49,782.867 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: CA: Primary Income: Debit (USD mn) 7,765.631 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: FA: Direct Investment (USD mn) -1,943.678 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 11,200.383 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: CA: Goods & Services: Services (USD mn) -12,831.554 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: CA: Primary Income (USD mn) 776.612 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: CA: Goods & Services: Goods (USD mn) 29,722.838 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: FA: Direct Investment: Assets (USD mn) 1,572.855 Dec 2023 quarterly Mar 2006 - Dec 2023
    BoP: USD: CA: Primary Income: Credit (USD mn) 8,542.244 Dec 2023 quarterly Mar 2006 - Dec 2023
    IIP: Assets (SAR mn) 5,352,001.798 2023 yearly 2007 - 2023
    International Investment Position (IIP) (SAR mn) 2,944,029.939 2023 yearly 2007 - 2023
    IIP: Liabilities (SAR mn) 2,407,971.859 2023 yearly 2007 - 2023
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 1.6 Sep 2023 quarterly Mar 2009 - Sep 2023
    Household Debt: % of GDP (%) 11.7 Dec 2023 quarterly Dec 2003 - Dec 2023
    Money Supply M1 (USD mn) 417,393.794 Feb 2024 monthly Jan 1993 - Feb 2024
    Money Supply M2 (USD mn) 641,002.539 Feb 2024 monthly Jan 1993 - Feb 2024
    M2 Growth (%) 10.5 Feb 2024 monthly Jan 1994 - Feb 2024
    Reserve Requirement Ratio (%) 7.0 Mar 2024 monthly Mar 1980 - Mar 2024
    Foreign Exchange Reserves (USD mn) 406,940.5 Feb 2024 monthly Jan 2001 - Feb 2024
    Foreign Exchange Reserves: % of GDP (%) 38.579 Dec 2023 quarterly Dec 2003 - Dec 2023
    Foreign Exchange Reserves: Months of Import (NA) 23.4 2023 yearly 1957 - 2023
    Gold Reserves (USD mn) 432.934 Mar 2024 monthly Dec 1957 - Mar 2024
    Total Deposits (USD mn) 676,857.784 Feb 2024 monthly Jan 1993 - Feb 2024
    Total Deposits Growth (%) 10.3 Feb 2024 monthly Jan 1994 - Feb 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) 706,294.887 Feb 2024 monthly Jan 1997 - Feb 2024
    Total Loans Growth (%) 10.85 Feb 2024 monthly Jan 1998 - Feb 2024
    Private Debt: % of Nominal GDP (%) 61.93 Dec 2023 quarterly Dec 2003 - Dec 2023
    Base Money (SAR mn) 382,248.004 Feb 2024 monthly Jan 2000 - Feb 2024
    Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,756,193.012 Feb 2024 monthly Jan 1993 - Feb 2024
    Money Supply: M3: M2: M1 (SAR mn) 1,565,226.729 Feb 2024 monthly Jan 1993 - Feb 2024
    Money Supply: M3: M2 (SAR mn) 2,403,759.521 Feb 2024 monthly Jan 1993 - Feb 2024
    Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 547,978.862 Feb 2024 monthly Jan 2001 - Feb 2024
    Official Reserve Assets (SAR mn) 1,707,388.317 Mar 2024 monthly Jan 2001 - Mar 2024
    Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019
    Banks Deposits (SAR mn) 2,538,216.688 Feb 2024 monthly Jan 1993 - Feb 2024

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