Saudi Arabia’s gross savings fell 6 percent year-on-year (YoY) to SAR 152.05 billion in Q4 2017, compared to SAR 162.5 billion a year earlier, data compiled by the General Authority for Statistics (GASTAT) showed.

 

The gross savings to gross domestic product (GDP) ratio reached 22.69 percent in Q4, versus 25.53 percent for the same quarter of 2016.

 

On a sequential basis, gross savings dropped 28 percent from SAR 209.9 billion in Q3.

 

Saudi Gross Savings (SAR bln)

Variation

Q4 2017

Q4 2016

 

+5%

670.12

636.57

GDP

(37%)

9.54

15.23

Foreign net income

+4%

679.66

651.80

National income

(7%)

(39.42)

(42.45)

Net transfers

+5%

640.24

609.35

Available national income

+9%

488.20

446.83

Final consumption expenditure

(6%)

152.05

162.52

Total savings

(3%)

22.69%

25.53%

Savings/GDP ratio

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