Saudi gross domestic savings rose 29 percent year-on-year (YoY) to SAR 196.5 billion in Q2 2017, data compiled by the General Authority for Statistics showed.
Gross savings to gross domestic product (GDP) increased 31.8 percent in the second quarter, compared to 27.8 percent in the same period last year.
On a sequential basis, gross savings dropped 4 percent from SAR 204 billion in Q1.
|
Saudi Gross Savings (SAR bln) |
|||
|
Variation |
Q2 2017 |
Q2 2016 |
|
|
+2% |
618.69 |
603.86 |
GDP |
|
(2%) |
16.28 |
16.53 |
Foreign net income |
|
+2% |
634.97 |
620.38 |
National income |
|
(18%) |
(33.45) |
(40.91) |
Net transfers |
|
+2% |
576.87 |
563.68 |
Available national income |
|
(2%) |
405.07 |
411.88 |
Final consumption expenditure |
|
+29% |
196.46 |
151.80 |
Total savings |
|
+4% |
31.75 % |
27.75 % |
Savings/GDP |
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