• About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In
USSBCUSSBC
  • About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In

Weekly Market Brief – 3/18/2022

March 23, 2022 Weekly Market Briefs

Saudi Arabia Macroeconomic Developments

  • Saudi Arabia’s economy grew 6.7 percent YoY (+1.6 percent QoQ) in Q4 2021, according to the General Authority of Statistics’ (GAStat) full GDP report. In the final quarter of 2021, oil activity rose 10.9 percent while non-oil activity rose 5.1 percent. Top growing sectors were related to crude oil & natural gas extraction (+10.4 percent YoY) as well as petroleum refining (+15.8 percent). Other top sectors were non-oil mining & quarrying (+11.5 percent), social & community services (+9.4 percent), and manufacturing (+8.7 percent).

 

  • Consumer prices in Saudi Arabia rose 1.6 percent YoY in February due to higher prices in transport (+4.3 percent) and food & beverages (+2.4 percent), according GAStat. Compared to last month, consumer prices grew by 0.3 percent.

 

  • Wholesale prices in Saudi Arabia rose 11.5 percent YoY in February due to large increases in the price of basic chemicals (+60.3 percent) and refined petroleum products (+21.4 percent). Compared to January, wholesale prices rose 0.8 percent and were driven higher by general-purpose machinery (+3.9 percent) and food products (+1.5 percent).

 

 Subscribe and Save – $62/month

Click here to Subscribe for Free to view this content.

Already a member? Log in here
Share
0

You also might be interested in

Weekly Market Brief – 05/28/2021

Weekly Market Brief – 05/28/2021

Jun 7, 2021

Saudi Arabia Macroeconomic Developments The Ministry of Finance closed its[...]

Weekly Market Brief – 11/18/2022

Weekly Market Brief – 11/18/2022

Nov 21, 2022

Saudi Arabia Macroeconomic Developments Saudi Arabia’s inflation rate slightly eased[...]

Weekly Market Brief – 3/4/2022

Weekly Market Brief – 3/4/2022

Mar 23, 2022

Saudi Arabia Macroeconomic Developments Saudi Arabia’s non-oil private sector gained[...]

  • About Us
  • Membership
  • Visa Services
  • Events & Programs
  • Advisory Services
  • Resources
  • Store

Contact Us

Please feel free to send us a quick message and we'll get back to you, as soon as possible!

Send Message

United States Office

U.S.-Saudi Business Council
8000 Towers Crescent Drive Suite: 1275
P.O. Box: 1729
Vienna, Virginia 22182

703-962-9300

info@ussaudi.org

Saudi Arabian Office

Riyadh, Olaya Towers, Tower B – 18th Floor Kingdom of Saudi Arabia

966-11-476-2697
966-11-474-2555
966-11-474-3555

ussaudibc@us-sabc.org

Follow USSBC

Stay informed on the latest trends, opportunities, and key developments in the U.S. and Saudi markets, including government reforms and trade insights.

SUBSCRIBE

© 2025 — U.S.-Saudi Arabian Business Council | Web Design by Advanced Technical Solutions

  • Home
  • Contact Us
  • Become a Member
  • Privacy Policy
Prev Next