International Reserves in Saudi Arabia

Saudi Arabia International Reserves | Economic News & Forecasts

Saudi Arabia - International Reserves

The economy emerged from recession in Q1 as higher oil prices compared to last year and steady production propelled the oil sector. Moreover, strong global growth and government support boosted activity in the manufacturing sector, which compensated for poor retail and transportation dynamics due to the implementation of a value added tax (VAT) and higher petrol prices. Recent data for Q2 suggests that the economy is gaining traction. The PMI for the non-oil sector rebounded in May from April’s all-time low. Moreover, higher oil prices are providing greater fiscal space and improving Saudi Arabia’s external position. On 30 June, Saudi Arabia agreed to increase oil supply to offset falling production in Venezuela and negative spillovers from the U.S. sanctions against Iran. The Saudi oil industry has an unused capacity of around 2 mbpd and could quickly ramp up production.

Saudi Arabia - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)726  732  616  536  496  

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Saudi Arabia Facts

ValueChangeDate
Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %Jul 13
Stock Market0.21.00 %Jul 11

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