{"id":190027,"date":"2021-03-20T20:44:48","date_gmt":"2021-03-20T20:44:48","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=190027"},"modified":"2021-03-20T20:44:51","modified_gmt":"2021-03-20T20:44:51","slug":"saudi-gross-savings","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/","title":{"rendered":"Saudi gross savings fell by 36% during 2020"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Saudi gross savings has fallen by 36.5% during 2020 on an annual basis, registering a decrease of SR365.11 billion compared to its value at the end of 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to official data issued by the Saudi General Authority for Statistics, the kingdom\u2019s gross savings decreased to SR633.27 billion in 2020, compared to SR998.38 billion during the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <a href=\"https:\/\/economictimes.indiatimes.com\/definition\/gross-domestic-saving\">gross savings<\/a> is a major economic variable and represented by the difference between disposable income and final consumption spending.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Saudi gross savings<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Saudi gross savings accounted for 24.12% of GDP during 2020, at current prices, compared to 33.57% of its percentage of GDP in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Kingdom&#8217;s <a href=\"https:\/\/www.bnreport.com\/saudi-arabias-foreign-reserves-decreased-9-19-in-2020\/\">GDP <\/a>at current prices reached SR2.625 trillion in 2020, compared to SR2.974 trillion in the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Kingdom\u2019s gross savings decreased in the period (January\/ September) of 2020 by 36.6% on an annual basis, and by SR278.21 billion riyals, to SR481.62 billion, compared to SR759.84 billion in the same period of 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Saudi gross savings decreased in the last quarter of last year, by 41.6%, on an annual basis, with a decrease of SR99.3 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The gross savings amounted to SR139.24 billion in the fourth quarter of 2020, compared to SR238.54 billion in the same quarter of 2019. The savings decreased of 20.95%, compared to the previous quarter, amounting to SR176.15 billion, down SR36.9 billion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Savings details<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Total savings accounted for 19.96% of Saudi GDP in the fourth quarter of 2020, compared to 30.99% in the fourth quarter of 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Kingdom\u2019s GDP recorded in the last quarter of last year, at current prices, a value of SR697.56 billion, compared to SR769.68 billion in the same quarter of the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Government final consumer spending amounted to SR232.79 billion in the fourth quarter of 2020, compared to SR211.06 billion in the same quarter of 2019, recording an increase of 10.3%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Private final consumption spending rose by about 2.9% in the last quarter of 2020, to reach SR300.5 billion, compared to SR292.02 billion in the same quarter of the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The total government consumption spending at current prices amounted to SR749.11 billion last year, compared to SR1.128 trillion for private final consumption spending.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi gross savings has fallen by 36.5% during 2020 on an annual basis, registering a decrease of SR365.11 billion compared to its value at the end of 2019. According to official data issued by the Saudi General Authority for Statistics, the kingdom\u2019s gross savings decreased to SR633.27 billion in 2020, compared to SR998.38 billion during [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":190028,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[278,576],"class_list":["post-190027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured","tag-saudi-arabia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi gross savings fell by 36% during 2020 - Bnreport<\/title>\n<meta name=\"description\" content=\"Bnreport - Saudi gross savings has fallen by 36.5% during 2020 on an annual basis, registering a decrease of SR365.11 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi gross savings fell by 36% during 2020 - Bnreport\" \/>\n<meta property=\"og:description\" content=\"Bnreport - Saudi gross savings has fallen by 36.5% during 2020 on an annual basis, registering a decrease of SR365.11 billion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-20T20:44:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-20T20:44:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2021\/03\/Saudi-gross-savings.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"927\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"BNR staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BNR staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-gross-savings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-gross-savings\\\/\"},\"author\":{\"name\":\"BNR staff\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/58f65d9c9a5003dcc6e2d5774c54062e\"},\"headline\":\"Saudi gross savings fell by 36% during 2020\",\"datePublished\":\"2021-03-20T20:44:48+00:00\",\"dateModified\":\"2021-03-20T20:44:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-gross-savings\\\/\"},\"wordCount\":345,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-gross-savings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Saudi-gross-savings.jpg\",\"keywords\":[\"Featured\",\"Saudi Arabia\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-gross-savings\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-gross-savings\\\/\",\"name\":\"Saudi gross savings fell by 36% during 2020 - Bnreport\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-gross-savings\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-gross-savings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Saudi-gross-savings.jpg\",\"datePublished\":\"2021-03-20T20:44:48+00:00\",\"dateModified\":\"2021-03-20T20:44:51+00:00\",\"description\":\"Bnreport - Saudi gross savings has fallen by 36.5% during 2020 on an annual basis, registering a decrease of SR365.11 billion.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-gross-savings\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-gross-savings\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-gross-savings\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Saudi-gross-savings.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Saudi-gross-savings.jpg\",\"width\":1280,\"height\":927,\"caption\":\"Saudi gross savings\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/saudi-gross-savings\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Saudi gross savings fell by 36% during 2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics &amp; Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/58f65d9c9a5003dcc6e2d5774c54062e\",\"name\":\"BNR staff\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/mnsa\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Saudi gross savings fell by 36% during 2020 - Bnreport","description":"Bnreport - Saudi gross savings has fallen by 36.5% during 2020 on an annual basis, registering a decrease of SR365.11 billion.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/","og_locale":"en_US","og_type":"article","og_title":"Saudi gross savings fell by 36% during 2020 - Bnreport","og_description":"Bnreport - Saudi gross savings has fallen by 36.5% during 2020 on an annual basis, registering a decrease of SR365.11 billion.","og_url":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2021-03-20T20:44:48+00:00","article_modified_time":"2021-03-20T20:44:51+00:00","og_image":[{"width":1280,"height":927,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2021\/03\/Saudi-gross-savings.jpg","type":"image\/jpeg"}],"author":"BNR staff","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"BNR staff","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/"},"author":{"name":"BNR staff","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/58f65d9c9a5003dcc6e2d5774c54062e"},"headline":"Saudi gross savings fell by 36% during 2020","datePublished":"2021-03-20T20:44:48+00:00","dateModified":"2021-03-20T20:44:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/"},"wordCount":345,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2021\/03\/Saudi-gross-savings.jpg","keywords":["Featured","Saudi Arabia"],"articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/","url":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/","name":"Saudi gross savings fell by 36% during 2020 - Bnreport","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2021\/03\/Saudi-gross-savings.jpg","datePublished":"2021-03-20T20:44:48+00:00","dateModified":"2021-03-20T20:44:51+00:00","description":"Bnreport - Saudi gross savings has fallen by 36.5% during 2020 on an annual basis, registering a decrease of SR365.11 billion.","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2021\/03\/Saudi-gross-savings.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2021\/03\/Saudi-gross-savings.jpg","width":1280,"height":927,"caption":"Saudi gross savings"},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/saudi-gross-savings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Saudi gross savings fell by 36% during 2020"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics &amp; Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/58f65d9c9a5003dcc6e2d5774c54062e","name":"BNR staff","url":"https:\/\/www.bnreport.com\/en\/author\/mnsa\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/190027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=190027"}],"version-history":[{"count":1,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/190027\/revisions"}],"predecessor-version":[{"id":190030,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/190027\/revisions\/190030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/190028"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=190027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=190027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=190027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}