Saudi Arabia’s gross savings jumped 30 percent year-on-year (YoY) to SAR 277 billion in Q3 2018 as compared to SAR 213.2 billion a year earlier, data compiled by the General Authority for Statistics (GASTAT) showed.

 

The gross savings to gross domestic product (GDP) ratio reached 37.64 percent in Q3 2018, versus 33.08 percent for the same quarter in 2017.

 

On a sequential basis, gross savings rose 14 percent in Q3 2018 from SAR 242.50 billion in Q2 2018.

 

Saudi Gross Savings (SAR bln)

Variation

Q3 2018

Q3 2017

 

+14%

736.10

644.51

GDP

(0.3%)

11.10

11.14

Foreign net income

+14%

747.20

655.65

National income

+1%

(33.94)

(33.52)

Net transfers

+15%

713.27

622.13

Available national income

+7%

436.22

408.92

Final consumption expenditure

+30%

277.04

213.21

Total savings

--

37.64 %

33.08 %

Savings/GDP ratio

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