Search Result
- TASI
-
Energy
- 2222 - SAUDI ARAMCO
- 2030 - SARCO
- 2380 - PETRO RABIGH
- 4030 - BAHRI
- 4200 - ALDREES
- 2381 - ARABIAN DRILLING
- 2382 - ADES
- 1201 - TAKWEEN
- 1202 - MEPCO
- 1210 - BCI
- 1211 - MAADEN
- 1301 - ASLAK
- 1304 - ALYAMAMAH STEEL
- 1320 - SSP
- 2001 - CHEMANOL
- 2010 - SABIC
- 2020 - SABIC AGRI-NUTRIENTS
- 2090 - NGC
- 2150 - ZOUJAJ
- 2170 - ALUJAIN
- 2180 - FIPCO
- 2200 - APC
- 2210 - NAMA CHEMICALS
- 2220 - MAADANIYAH
- 2240 - ZAMIL INDUST
- 2250 - SIIG
- 2290 - YANSAB
- 2300 - SPM
- 2310 - SIPCHEM
- 2330 - ADVANCED
- 2350 - SAUDI KAYAN
- 3002 - NAJRAN CEMENT
- 3003 - CITY CEMENT
- 3004 - NORTHERN CEMENT
- 3005 - UACC
- 3010 - ACC
- 3020 - YC
- 3030 - SAUDI CEMENT
- 3040 - QACCO
- 3050 - SPCC
- 3060 - YCC
- 3080 - EPCCO
- 3090 - TCC
- 3091 - JOUF CEMENT
- 3092 - RIYADH CEMENT
- 2060 - TASNEE
- 3008 - ALKATHIRI
- 3007 - OASIS
- 1321 - EAST PIPES
- 1322 - AMAK
- 2223 - LUBEREF
- 2360 - SVCP
- 1212 - ASTRA INDUSTRIAL
- 1302 - BAWAN
- 1303 - EIC
- 2040 - SAUDI CERAMICS
- 2110 - SAUDI CABLE
- 2160 - AMIANTIT
- 2320 - ALBABTAIN
- 2370 - MESC
- 4140 - SIECO
- 4141 - ALOMRAN
- 4142 - RIYADH CABLES
- 1214 - SHAKER
- 4110 - BATIC
- 4143 - TALCO
- 4031 - SGS
- 4040 - SAPTCO
- 4260 - BUDGET SAUDI
- 2190 - SISCO HOLDING
- 4261 - THEEB
- 4263 - SAL
- 4262 - LUMI
- 1810 - SEERA
- 6013 - DWF
- 1820 - ALHOKAIR GROUP
- 4170 - TECO
- 4290 - ALKHALEEJ TRNG
- 6002 - HERFY FOODS
- 1830 - Leejam Sports
- 6012 - RAYDAN
- 4291 - NCLE
- 4292 - ATAA
- 6014 - ALAMAR
- 6015 - AMERICANA
- 6016 - BURGERIZZR
- 4003 - EXTRA
- 4008 - SACO
- 4050 - SASCO
- 4190 - JARIR
- 4240 - CENOMI RETAIL
- 4191 - ABO MOATI
- 4051 - BAAZEEM
- 4192 - ALSAIF GALLERY
- 4001 - A.OTHAIM MARKET
- 4006 - FARM SUPERSTORES
- 4061 - ANAAM HOLDING
- 4160 - THIMAR
- 4161 - BINDAWOOD
- 4162 - ALMUNAJEM
- 4164 - NAHDI
- 4163 - ALDAWAA
- 2050 - SAVOLA GROUP
- 2100 - WAFRAH
- 2270 - SADAFCO
- 2280 - ALMARAI
- 6001 - HB
- 6010 - NADEC
- 6020 - GACO
- 6040 - TADCO
- 6050 - SFICO
- 6060 - SHARQIYAH DEV
- 6070 - ALJOUF
- 6090 - JAZADCO
- 2281 - TANMIAH
- 2282 - NAQI
- 2283 - FIRST MILLS
- 4080 - SINAD HOLDING
- 2284 - MODERN MILLS
- 2285 - ARABIAN MILLS
- 2286 - FOURTH MILLING
- 4002 - MOUWASAT
- 4004 - DALLAH HEALTH
- 4005 - CARE
- 4007 - ALHAMMADI
- 4009 - SAUDI GERMAN HEALTH
- 2230 - CHEMICAL
- 4013 - SULAIMAN ALHABIB
- 2140 - AYYAN
- 4014 - EQUIPMENT HOUSE
- 4017 - FAKEEH CARE
- 1010 - RIBL
- 1020 - BJAZ
- 1030 - SAIB
- 1050 - BSF
- 1060 - SAB
- 1080 - ANB
- 1120 - ALRAJHI
- 1140 - ALBILAD
- 1150 - ALINMA
- 1180 - SNB
- 2120 - SAIC
- 4280 - KINGDOM
- 4130 - ALBAHA
- 4081 - NAYIFAT
- 1111 - TADAWUL GROUP
- 4082 - MRNA
- 1182 - AMLAK
- 1183 - SHL
- 8010 - TAWUNIYA
- 8012 - JAZIRA TAKAFUL
- 8020 - MALATH INSURANCE
- 8030 - MEDGULF
- 8040 - ALLIANZ SF
- 8050 - SALAMA
- 8060 - WALAA
- 8070 - ARABIAN SHIELD
- 8190 - UCA
- 8230 - ALRAJHI TAKAFUL
- 8280 - LIVA
- 8150 - ACIG
- 8210 - BUPA ARABIA
- 8270 - BURUJ
- 8180 - ALSAGR INSURANCE
- 8170 - ALETIHAD
- 8100 - SAICO
- 8120 - GULF UNION ALAHLIA
- 8200 - SAUDI RE
- 8160 - AICC
- 8250 - GIG
- 8240 - CHUBB
- 8260 - GULF GENERAL
- 8300 - WATANIYA
- 8310 - AMANA INSURANCE
- 8311 - ENAYA
- 8313 - RASAN
- 4330 - RIYAD REIT
- 4331 - ALJAZIRA REIT
- 4332 - JADWA REIT ALHARAMAIN
- 4333 - TALEEM REIT
- 4334 - AL MAATHER REIT
- 4335 - MUSHARAKA REIT
- 4336 - MULKIA REIT
- 4338 - ALAHLI REIT 1
- 4337 - SICO SAUDI REIT
- 4342 - JADWA REIT SAUDI
- 4340 - Al RAJHI REIT
- 4339 - DERAYAH REIT
- 4344 - SEDCO CAPITAL REIT
- 4347 - BONYAN REIT
- 4345 - ALINMA RETAIL REIT
- 4346 - MEFIC REIT
- 4348 - ALKHABEER REIT
- 4349 - ALINMA HOSPITALITY REIT
- 4350 - ALISTITHMAR REIT
- 4020 - ALAKARIA
- 4323 - SUMOU
- 4090 - TAIBA
- 4100 - MCDC
- 4150 - ARDCO
- 4220 - EMAAR EC
- 4230 - RED SEA
- 4250 - JABAL OMAR
- 4300 - DAR ALARKAN
- 4310 - KEC
- 4320 - ALANDALUS
- 4321 - CENOMI CENTERS
- 4322 - RETAL
- NOMU
-
Real Estate Mgmt & Dev't
Food & Beverages
- 9515 - FESH FASH
- 9532 - ALJOUF WATER
- 9536 - FADECO
- 9556 - NOFOTH
- 9559 - BALADY
- 9564 - HORIZON FOOD
- 9555 - LEEN ALKHAIR
- 9612 - SAMA WATER
- 9518 - CMCER
- 9530 - TIBBIYAH
- 9527 - AME
- 9544 - FUTURE CARE
- 9546 - NABA ALSAHA
- 9574 - PRO MEDEX
- 9594 - ALMODAWAT
- 9572 - ALRAZI
- 9587 - LANA
- 9600 - QOMEL
- 9604 - MIRAL
- 9513 - WATANI STEEL
- 9514 - ALNAQOOL
- 9523 - GROUP FIVE
- 9539 - AQASEEM
- 9548 - APICO
- 9553 - MOLAN
- 9565 - MEYAR
- 9552 - SAUDI TOP
- 9563 - BENA
- 9566 - LIME INDUSTRIES
- 9580 - ALRASHID INDUSTRIAL
- 9583 - UNITED MINING
- 9576 - PAPER HOME
- 9588 - RIYADH STEEL
- 9575 - MARBLE DESIGN
- 9599 - TAQAT
- 9601 - ALRASHEED
- 9605 - NEFT ALSHARQ
- 9607 - ASG
- 9609 - NAAS PETROL
- 9510 - NBM
- 9528 - GAS
- 9531 - OBEIKAN GLASS
- 9533 - SPC
- 9529 - RAOOM
- 9525 - ALWASAIL INDUSTRIAL
- 9542 - KEIR
- 9547 - RAWASI
- 9568 - MAYAR
- 9569 - ALMUNEEF
- 9578 - ATLAS ELEVATORS
- 9560 - WAJA
- 9611 - UFG
- 9540 - TADWEEER
- 9545 - ALDAWLIAH
- 9570 - TAM DEVELOPMENT
- 9581 - CLEAN LIFE
- 9593 - PAN GULF
- 9597 - LEAF
- 9608 - ALASHGHAL ALMOYSRA
- 9606 - THARWAH
- 9541 - ACADEMY OF LEARNING
- 9562 - FOOD GATE
- 9590 - ARMAH
- 9526 - JAHEZ
- 9598 - ALMOHAFAZA FOR EDUCATION
- 9603 - HORIZON EDUCATIONAL
- 9567 - GHIDA ALSULTAN
Sign In
×Forgot password?
×- Bank Ranking Banks Ratios Cement Statistics Cement Ranking Cement Ratios Monetary and Economic Statistics Oil, Gas and Fuel Macro Economy Consumer Spending Inflation Exports & Imports Food Prices Non Food Prices Construction Materials Petrochem. Ranking Petrochem. Ratios Retail Rankings Retail Ratios Grocery Ranking Grocery Ratios Top Growth Dividend History
Most G20 countries witnessed steep declines in their economic growth during the first half of 2020, hurt by COVID-19.
Contrarily, Saudi Arabia, in addition to the COVID-19 pandemic impact, was hit by lower oil prices during the second quarter of 2020.
However, the Saudi economic growth slowed by 7% in Q2 2020 compared with the same period last year - the lowest level among other G20 countries.
Saudi oil exports retreated by around 61.8% year-on-year (YoY) to reach SAR 74.8 billion in Q2 2020.
The Kingdom ranked fifth among the G20 countries, while China came first, as it was the only country that reported an increase in its gross domestic product (GDP) of 3.2%, the data of the Organization for Economic Cooperation and Development (OECD) showed.
G20 economies were impacted significantly by the precautionary measures taken to overcome COVID-19.
The following table illustrates the change in the GDP of G20 economies in Q2 2020:
Change in the GDP of G20 economies in Q2 2020 |
|
||
Country* |
Annal change |
|
|
China |
+3.2% |
|
|
South Korea |
(%2.8) |
|
|
Indonesia |
(%5.4) |
||
Australia |
(%6.3) |
||
Saudi Arabia** |
(%7.0) |
||
Turkey |
(%9.0) |
|
|
USA |
(%9.1) |
|
|
Japan |
(%10.1) |
|
|
Germany |
(%11.3) |
|
|
Brazil |
(%11.4) |
|
|
Canada |
(%13.0) |
|
|
European Union |
(%13.9) |
|
|
South Africa |
(%17.2) |
|
|
Italy |
(%17.7) |
|
|
Mexico |
(%18.7) |
|
|
France |
(%18.9) |
|
|
UK |
(%21.7( |
|
|
India |
(%23.5) |
|
* The data of Argentina and Russia have not been released
** According to the data of the General Authority for Statistics
The Saudi Ministry of Finance expected the actual GDP to fall by 3.8% in 2020, and the economic performance to improve during the second half of 2020, based on local demand key indicators such as private consumption, production and activity performance.
The measures taken by the government to overcome COVID-19 and the continued decline in cases contributed to this improvement, the ministry stated.
The contraction in Saudi Arabia’s GDP is likely to be better than the majority of the remaining G20 members, according to the ministry and International Monetary Fund’s (IMF) estimates.
IMF’s forecasts for GDP growth in 2020 |
|
||
Country* |
Annal change |
|
|
China |
+10% |
|
|
Indonesia |
(%0.3) |
|
|
South Korea |
(%2.1) |
||
Saudi Arabia* |
(%3.8) |
||
Australia |
(%4.5) |
||
India |
(4.5%) |
|
|
Turkey |
(%5.0) |
|
|
Japan |
(%5.8) |
|
|
Russia |
(%6.6) |
|
|
Germany |
(%7.8) |
|
|
USA |
(%8.0) |
|
|
South Africa |
(%8.0) |
|
|
Canada |
(%8.4) |
|
|
Brazil |
(9.1%) |
|
|
Argentina |
(%9.9) |
|
|
UK |
(%10.2) |
|
|
Mexico |
(%10.5) |
|
|
France |
(%12.5) |
|
|
Italy |
(%12.8) |
|
*According to the Ministry of Finance’s estimates
Fitch affirmed its credit rating at ‘A’ for the Kingdom, with stable outlook, despite COVID-19 and low oil prices. Both Moody’s and S&P also affirmed their ‘A1’ and ‘A-/A-2’ ratings for the Kingdom, respectively, with stable outlook.
Fitch attributed its rating for the Kingdom to the financial strength supported by the exceptionally high international reserves.
Saudi Arabia ranked fifth globally with foreign cash reserves amounting to $453 billion, according to the latest data.
Despite the COVID-19 repercussions, the Kingdom’s, debt to GDP ratio is still very low compared with the G20 countries as the Ministry of Finance expected the ratio to reach 34.4% in the end of this year.
The global public debt to GDP is expected to exceed 100% this year.
The following table indicates the IMF’s forecasts for the G20’s debt to GDP ratio this year:
IMF’s forecasts for G20’s debt to GDP ratio in 2020 |
|
||
Country* |
Annal change |
|
|
Russia |
%18.5 |
|
|
Saudi Arabia** |
%34.4 |
|
|
|
Indonesia |
%37.7 |
|
|
Turkey |
%40.4 |
|
SouthKorea |
%49.5 |
|
|
Australia |
56.8% |
|
|
China |
64.1% |
|
|
Mexico |
65.9% |
|
|
Germany |
77.2% |
|
|
South Africa |
79.9% |
|
|
India |
84.0% |
|
|
UK |
101.6% |
|
|
Brazil |
102.3% |
|
|
Canada |
109.3% |
|
|
France |
125.7% |
|
|
US |
141.4% |
|
|
Italy |
166.1% |
|
|
Japan |
268.0% |
|
*The report does not include Argentina
** According to the Ministry of Finance’s estimates
For unemployment, although the COVIID-19 pandemic led to a significant increase in the world’s unemployment rate in Q2 2020, the Kingdom took some measures to ease the negative effects of the crisis, as King Salman issued a royal decree, directing the government to cover 60% of the employees’ salaries in the private sector through “Saned” program to maintain jobs.
In addition, the Ministry of Human Resources and Social Development has regulated the contractual relationship between workers and employers, to support the government’s efforts to control the COVID-19 repercussions.
Popular Links
Quick Links
About Us
Join Us
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}