Investor Presentation 2022
Domestic Macroeconomic Indicators
7%
2,600
2,500
2,400
4.1%
3.7%
2,633
2,642
5.4%
2.7%
2,588
2,569
2,545
2,445
2,359
2,300
2,297
2,200
5%
2,615
Gross Domestic Product (GDP) Growth
According to estimates by GASTAT, real GDP rose by 8.6% y/y in Q3 2022. The economic
growth was mainly driven by the increase in oil activities by 14.5% y/y. whilst, non-oil
activities grew by 5.6% y/y, with government services activities growing by 2.4% y/y.
Bn (SAR)
2,700
Saudi Unemployment Rate (15+)
GASTAT's latest labor market release for Q2, 2022 showed that Saudi unemployment
rate fell to 9.7% from 10.1% in Q1 2022. Unemployment rate among male and female
decreased to 4.7% and 19.3%, respectively.
42%
15.4%
14.9%
12.6%
11.7% 11.3% 11.3%
11.0%
10.1%
9.7%
26%
18.0%
16.0%
14.0%
12.3%
34%
12.0%
12.0%
11.8%
12.0%
31.1%
30.8% 30.8%
31.4%
3%
10.0%
30.2%
2,533
28.2%
3.3%
8.0%
24.4%
2.5%
1%
22.3% 21.9% 22.5%
18%
21.2%
1.7%
6.0%
20.2% 19.3%
0.3%
-1%
4.0%
8.1% 7.9% 7.1% 7.2%
6.0% 5.8%
4.9%
5.6%
6.1%
5.9%
10%
5.2% 5.1%
4.7%
-0.7%
2.0%
-4.1%
-3%
0.0%
2%
Q2-19 Q3-19 Q4-19
Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21
Q3-21 Q4-21 Q1-22 Q2-22
2,100
-5%
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Source: GASTAT
Real GDP (SAR)
Real GDP (% Change)
Total Unemployment Rate
Male
Source: GASTAT
Female
Inflation Rate
The annual inflation rate in Saudi Arabia accelerated to 3.1% in September 2022 from
3.0% in August. The inflation rate for the last month was the highest since June 2021,
when it reached 6.2%.
2.8%
2.1%
1.5%
0.5%
0.2%
2.1%
2.2%
-0.8%
-0.8%
30-Sep-17
31-Dec-17
4
Source: SAMA
31-Mar-18
-1.1%
30-Jun-18
30-Sep-18
-1.4%
-2.1%
31-Dec-18
31-Mar-19
30-Jun-19
30-Sep-19
31-Dec-19
31-Mar-20
30-Jun-20
30-Sep-20
31-Dec-20
6.2%
5.7%
4.9%
5.3%
31-Mar-21
30-Jun-21
0.6%
Government Outlook on Expenditures & Revenues
Saudi Arabia posted revenue of more than SAR 950.2 bn and expenditure of
SAR 800.7 bn in the 9M of 2022, with a surplus of nearly SAR 149.5 bn.
Bn (SAR)
1200
50%
1045
1015
990
992
955
968
1000
930
941
951
40%
849
3.1%
800
2.0%
2.3%
30%
1.2%
32.7%
600
29.2%
25.9%
26.9%
25.4%
20%
30-Sep-21
31-Dec-21
31-Mar-22
30-Jun-22
30-Sep-22
400
200
0
0%
2021
(budget)
2021
(estimates)
2022
(budget)
2023
(projection)
2024
(projection)
Source: MoF
stc
Total Revenue
Total Expenditure
Debt (%GDP)
10%
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