Saudi Arabia Macroeconomic Developments
- Saudi Arabia’s holdings of U.S. treasury bonds increased to SAR526 billion ($140.3 billion) in June, reflecting a 26.73 percent YoY rise. The Kingdom maintained its position as the 17th largest holder of U.S. treasury bonds.
- Saudi Arabia’s non-oil exports increased by 7.3 percent in June, reaching SAR21.59 billion ($5.75 billion) YoY. According to data from the General Authority for Statistics (GAStat), chemical and allied products led the non-oil exports, accounting for 27.7 percent of the total outbound shipments, a 3.8 percent rise from June 2023.
- Saudi Arabia’s point-of-sale (POS) transactions climbed to SAR13.5 billion ($3.61 billion) between Aug. 11 and 17, reflecting a 3.6 percent increase from the previous week. The education sector led the charge, recording a 127.5 percent surge in spending, with total transactions reaching SAR1.01 billion ($266 million).
