Saudi gross domestic savings jumped by 64 percent year-on-year (YoY) to SAR 226.2 billion in Q1 2017, data compiled by Saudi General Authority for Statistics showed.
Gross savings to gross domestic product (GDP) rose to 35.2 percent in the first quarter of the year, compared to 23.7 percent in the same period last year.
When compared to Q4 2016, gross savings grew by 43 percent from SAR 158.5 billion.
|
Saudi Gross Savings (SAR bln) |
|||
|
Variation |
Q1 2017 |
Q1 2016 |
|
|
+10% |
642.15 |
583.11 |
GDP |
|
+24% |
12.78 |
10.31 |
Foreign net income |
|
+10% |
654.93 |
593.42 |
National income |
|
(13%) |
(37.01) |
(42.33) |
Net transfers |
|
+12% |
617.91 |
551.09 |
Available national income |
|
(5%) |
391.67 |
412.96 |
Final consumption expenditure |
|
+64% |
226.24 |
138.13 |
Total savings |
|
+12% |
35.23% |
23.69% |
Savings/GDP |
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