Saudi Arabia’s gross savings declined 17% year-on-year (YoY) to SAR 211.75 billion during the first quarter of 2020, according to recent data issued by the General Authority for Statistics (GASTAT).
The gross savings to gross domestic product (GDP) ratio decreased 30.4% in Q1 2020 when compared to 35.6% in the same period in 2019.
GDP per capita stood at SAR 19,980 by the end of Q1 2020, when compared to SAR 21,190 in Q1 2019.
In Q1 2020, Saudi Arabia ’s GDP declined 3.2% YoY to reach SAR 695.57 billion when compared to the same period a year ago.
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Saudi Gross Savings |
|||
|
Variation |
Q1 2020* |
Q1 2019 |
|
|
(3.2%) |
695.57 |
718.54 |
GDP (SAR bln) |
|
(3.1%) |
704.31 |
727.11 |
National income (SAR bln) |
|
(17.2%) |
211.75 |
255.63 |
Total savings (SAR bln) |
|
-- |
30.4 % |
35.6 % |
Savings/GDP ratio |
|
+2.7% |
34.81 |
33.91 |
Population (mln) |
|
(5.7%) |
19.98 |
21.19 |
GDP per capita (SAR ,000) |
|
(5.6%) |
20.23 |
21.44 |
National income per capita (SAR ,000) |
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