Saudi Arabia: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 1713.65 billion Saudi Riyal as of September 2024, a decline compared to the previous value of 1761.86 billion Saudi Riyal. Historically, the average for Saudi Arabia from January 2001 to September 2024 is 1490.73 billion Saudi Riyal. The minimum of 155.3 billion Saudi Riyal was recorded in September 2002, while the maximum of 2796.94 billion Saudi Riyal was reached in August 2014.
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* indicates monthly or quarterly data series
- Measure: billion Saudi Riyal
- Source: Saudi Arabian Monetary Authority
| Recent values | Saudi Arabia: Foreign exchange reserves, billion currency units |
|---|---|
| 2024 Sep | 1713.65 |
| 2024 Aug | 1761.86 |
| 2024 Jul | 1698.05 |
| 2024 Jun | 1754.17 |
| 2024 May | 1752.97 |
| 2024 Apr | 1667.48 |
| 2024 Mar | 1707.39 |
| 2024 Feb | 1619.15 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 139.90 | 2021 | percent |
| Trade openness | 62.13 | 2023 | percent |
| Financial openness | 1.034 | 2021 | index points |
| Exports, percent of GDP | 34.75 | 2023 | percent |
| Exports, billion dollars | 370.98 | 2023 | billion U.S. dollars |
| Growth of exports | -6.51 | 2023 | percent |
| Imports, percent of GDP | 27.38 | 2023 | percent |
| Imports, billion dollars | 292.28 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.15 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 28.06 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 4,223.41 | 2023 | million dollars (current) |
| Current account, percent of GDP | 3.19 | 2023 | percent |
| Current account, in dollars | 34.07 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 7.37 | 2023 | percent |
| Trade balance, in dollars | 79.41 | 2023 | billion U.S. dollars |
| Reserves | 457.95 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.03 | 2023 | percent |
| Remittances | 281.98 | 2023 | million U.S. dollars |
| Net errors and omissions | -7,309.55 | 2023 | million USD |
| Foreign exchange reserves | 1,713.65 | 9/2024 | billion |