Three Economic Indicators Suggest an Economic Growth
 

GASTAT: Per Capita GDP, Current Account of the Balance of Payments and Total Savings of the 2nd Quarter of 2018 Increased 
 
 
On its official website www.statts.gov.sa , GASTAT published three economic indicators which are: GDP per capita  for the 2nd quarter (2018),  the surplus or deficit in the current account of the balance of payments for the 2nd quarter (2018), and the total savings index for the second quarter of 2018.
Furthermore, per capita share at current prices reached (21.997) riyals with an increase of (14.91%) compared to the 2nd quarter of 2017. On the other hand, GDP per capita reached (22.272) riyals for the 2nd quarter of 2018 with an increase of (14.20%) compared to the same quarter of the previous year. 

The above-mentioned indicator reflects the individual’s ability to obtain consuming goods and services, shows the average income per capita in Saudi Arabia on a quarterly basis, also it can be used to measure the economic development around the world and to compare between countries as well, GASTAT clarified. 
 
In regard to surplus and deficit in current account for the 2nd quarter of 2018, the current account indicator of the balance of payment achieved a surplus amounted to (9.82%) to GDP during the 2nd quarter of 2018; and the deficit was (3.24%) in the current account of the balance of payments in the 2nd quarter (2018).  
GASTAT also published the total savings indicator for the second quarter of 2018 where it reached 242 billion and 497 million riyals with an increase of (29.13%) compared to the same period last year 187 billion and 793 million riyals. The total savings rate to GDP edged up to (33.09%) in the 2nd quarter of 2018 compared to (30.18%) in the same period of the previous year.