Saudi Arabia’s gross savings grew 29 percent year-on-year (YoY) to SAR 242.5 billion in Q2 2018, compared to SAR 187.8 billion a year earlier, data compiled by the General Authority for Statistics (GASTAT) showed.

 

The gross savings to gross domestic product (GDP) ratio reached 33.1 percent in Q2, versus 30.2 percent for the same quarter of 2017.

 

On a sequential basis, gross savings rose 2 percent from SAR 236.7 billion in Q1.

 

Saudi Gross Savings (SAR bln)

Variation

Q2 2018

Q2 2017

  

+18%

732.75

622.25

GDP

(22%)

9.16

11.75

Foreign net income

+17%

741.91

633.99

National income

+0.5%

(36.25)

(36.07)

Net transfers

+18%

705.66

597.92

Available national income

+13%

463.16

410.13

Final consumption expenditure

+29%

242.50

187.79

Total savings

+137%

33.09 %

30.18 %

Savings/GDP ratio

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