Saudi Arabia’s gross savings climbed 42 percent year-on-year (YoY) to SAR 241 billion in Q4 2018, data compiled by the General Authority for Statistics (GASTAT) showed.
The gross savings to gross domestic product (GDP) ratio stood at 32.23 percent in Q4 2018, versus 25.09 percent for the same period in 2017.
When compared to Q3 2018, gross savings dropped 13 percent to SAR 277.04 billion.
|
Saudi Gross Savings (SAR bln) |
|||
|
Variation |
Q4 2018 |
Q4 2017 |
|
|
+10% |
747.74 |
678.20 |
GDP |
|
(55%) |
4.38 |
9.75 |
Foreign net income |
|
+9% |
752.11 |
687.95 |
National income |
|
-- |
(33.06) |
(36.60) |
Net transfers |
|
+10% |
719.06 |
651.35 |
Available national income |
|
(1%) |
478.05 |
481.21 |
Final consumption expenditure |
|
+42% |
241.00 |
170.15 |
Total savings |
|
-- |
32.23 % |
25.09 % |
Savings/GDP ratio |
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