Investor Presentation 2020
Domestic Macroeconomic Indicators Cont.
$
160
Nominal GDP of World's Major Economies:
(KSA ranked #18 out of the top largest 20 economies in 2019)
$
5,082
3,846
li
2,875
2,827
2,716
III
Investor Presentation 2020 | stc group
Population:
33.41
(Mn) 35
32.55
10%
31.79
30.77
31.02
29.20
12.65
12.14
30
11.71
10.07
10.24
7%
9.36
25
25
5.39%
20
25
15
4%
2.65%
2.49%
2.41%
0.80%
0%
1%
100
1,642
10
1,394
1,393
19.84
20.70
20.77
20.08
20.41
20.77
793
5
-2%
2013
2014
2015
2016
2017
2018
Saudi
Non-Saudi
Growth Rate
Japan Germany India
United France Korea, Australia Spain
Kingdom
Rep.
Saudi
Arabia
*Source: The World Bank
Brent Oil Performance (Monthly):
Brent oil prices averaged $28/ barrel in Q2 2020, but oil price witnessed a recovery
during the last couple of months as OPEC+ agreed to reduce production along with
number of countries opened back their economies. Looking ahead, it is expected to
see a recovery in prices going forward specially with an increase in oil demand during
H2 2020.
Foreigners in Saudi Labor Force:
Latest General Organization for Social Insurance (GOSI) figures shows an increase in the rate of the expat
exodus in Q1 and Q2 2020. In addition, data shows that despite the rise in expat workers during Q1, it is still
expected a total of 1.2 million expat departure by year end.
6%
909
40
0
120
80
30-Jan-09
30-Jan-10
30-Jan-11
5
*Source: Bloomberg
30-Jan-12
30-Jan-13
30-Jan-14
30-Jan-15
30-Jan-16
30-Jan-17
30-Jan-18
30-Jan-19
30-Jan-20
(Mn) 8.8
8.31
8.19
7.91
7.71
8.4
7.40
8.0
7.13
6.90
4%
3.6%
2%
7.6
6.71
6.58
-0.9%
7.2
-1%
6.90
-2.0%
-0.4%
6.8
1.1%
0.8%
2.5%
1.3%
1.5%
6.4
6.71
6.58
-1.3%
6.52
3.4%
3.6%
4.1%
2.7%
3.3%
6.44 6.67 6.65
-3%
6.0
*Source: GOSI
Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20
Male
Female
Growth
-5%
stcView entire presentation