Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
The Saudi Economy in 2021
Macroeconomic reportLooking out into 2021, while there is still a considerable degree of uncertainty as a result of the prevalence of COVID-19 and its potential impact on the non-oil economy, we nevertheless expect a broad-based recovery. Our forecast assumes between 15-20 percent of the adult population being vaccinated against COVID-19 by mid-2021, and 70 percent by year end. As such, we see a quarter-on-quarter improvement in the Saudi non-oil economy, with this recovery being more vigorous in the second half of 2021.
Update on the Financial Sector Development Program
Macroeconomic reportIn the last year or so, there has been a fair level of progress on most areas covered by the Financial Sector Development Program (FSDP). In particular, visible progress has been made in the development of the SMEs financing ecosystem, the insurance sector, capital markets and housing.
Update on the Saudi Stock Exchange (Tadawul): TASI on the ascendency
The Tadawul All Share Index (TASI) has risen by around 15 percent since the beginning of 2019, and is currently trading close to four year highs.
SMEs and Vision 2030 – March 2019
Special reportThe role of small and medium enterprises (SMEs) is continuously mentioned as an important pillar in both developing and developed economies, as a vital way to spur economic growth and job creation.
2019 Saudi Fiscal Budget
Budget reportAs outlined in the first ever preliminary fiscal budget in September, the government will support the economy through the largest ever budgeted expenditure of SR1.1 trillion in 2019. Based on revenues of SR975 billion, the government is budgeting for a slightly lower year-on-year deficit at SR131 billion, compared to SR136 billion in 2018.
