Saudi Arabia’s gross savings climbed 3 percent year-on-year (YoY) to SAR 251.83 billion in Q1 2019, data compiled by the General Authority for Statistics (GASTAT) showed.

 

The gross savings to gross domestic product (GDP) ratio stood at 35.05 percent in Q1 2019, versus 35.03 percent for the same period in 2018.

 

When compared to Q4 2018, gross savings grew 4 percent.

 

Saudi Gross Savings (SAR bln)

Variation

Q1 2019*

Q1 2018

 

+3%

718.54

699.19

GDP

(18%)

4.78

5.86

Foreign net income

+3%

723.32

705.05

National income

--

(35.05)

(39.43)

Net transfers

+3%

688.27

665.62

Available national income

+4%

436.44

420.69

Final consumption expenditure

+3%

251.83

244.93

Total savings

--

35.05 %

35.03 %

Savings/GDP ratio

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