Investor Presentation 2021
Domestic Macroeconomic Indicators
4
Gross Domestic Product (GPD) Growth
According to GASTAT data, real GDP showed that the economy decreased by 4.1% in
2020 compared to 2019. This negative growth resulted mainly from the contraction in
oil sector by 6.7%, in addition to a negative growth rate of 2.3% recorded in the non-oil
sector. The private sector shrunk by 3.1%, and the government sector also showed a
negative growth rate of 0.5%.
Bn (SAR) 3,500
Saudi Unemployment Rate (15+)
GASTAT's latest labor market release for Q4, 2020 showd that Saudi unemployment rate
decreased to 12.6%, down from 14.9% in Q3, 2020. Male unemployment decreased to 7.1%,
down from 7.9%, whereas female unemployment decreased significantly to 24.4%, down
from 30.2% in Q3 2020.
42%
Investor Presentation 2021 | stc group
20.0%
2,949 2,974
25%
3,000
2,760
2,800
2,836
31.0% 30.9% 31.1% 30.9%
32.5% 31.7% 31.1% 30.8% 30.8%
31.4%
30.2%
34%
2,582
2,625
Source: MoF
28.2%
2,517
15.0%
2,454
2,419
15.4%
14.9% 24.4%
2,500
15%
26%
12.8% 12.9% 12.9% 12.8% 12.7% 12.5% 12.3%
12.6%
12.0% 12.0% 11.8%
2,000
10.0%
18%
5%
1,500
5.0%
1,000
7.5% 7.6% 7.6% 7.5% 6.6% 6.6% 6.0% 5.8% 4.9% 5.6%
8.1% 7.9% 7.1% 10%
-5%
500
0.0%
2%
0
-15%
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020
2011
2012
2013
2014 2015 2016
2017
2018
2019 2020
Total Unemployment Rate
Male
Female
Nominal GDP (SAR)
Nominal GDP % (Change)
Real GDP (% Change)
Source: GASTAT
Source: GASTAT
Inflation Rate
The general consumer price index (CPI) registered in Q1, 2021 a Y-o-Y surge by 3.4% as it
was projected that inflation will rise due to the continues impact of VAT increase from
5 percent to 15 percent that was effective starting from July 2020 onwards. Yet, a slight
decline by 0.4% was witnessed in Q-o-Q.
2.5%
5.7%
4.90%
2.8%
2.2%
2.1%
5.30%
1.5%
1.0%
0.2%
0.5%
-0.7%
-0.8%
1.9%
2.1%
2.2%
-0.8%
-0.5%
-1.1%
31-Mar-16
30-Sep-16
30-Jun-16
Source: SAMA
31-Dec-16
31-Mar-17
30-Jun-17
31-Mar-18
30-Sep-17
31-Dec-17
30-Jun-18
30-Sep-18
31-Dec-18
-2.1%
31-Mar-1970
30-Jun-19
30-Sep-19
31-Dec-19
31-Mar-20
30-Jun-20
31-Dec-20
30-Sep-20
31-Mar-21
Bn (SAR)
1200
Government Outlook on Expenditures & Revenues
50%
1,020
990
955
1000
928
941
833
849
864
40%
༔ ༔ ༔ ༔ °
400
200
32.7%
33.3%
600
26.0%
30%
20%
10%
0%
2020 (budget)
2021 (budget)
Total Revenue
2022 (projection)
Total Expenditure
2023 (projection)
Debt (%GDP)
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