Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
Q3 2019 Budget Statement: (Non-oil revenue rises in Q3)
Budget reportGovernment revenue totaled SR207 billion in Q3 2019, down 7 percent, or SR16 billion, year-on-year. Declines were seen only in oil revenue, whilst non-oil revenue rose by 9 percent.
Macroeconomic Update – November 2019: (Consistent growth in non-oil activity)
Macroeconomic reportn light of recent economic data, our revised forecast points to a modest level of growth in the Kingdom in 2019. Further downward revision in oil sector GDP means that we now see overall growth at 0.2 percent, versus 1.6 percent previously.
