Saudi Arabia: Gross Savings - 2nd Quarter 2016

Transcription

1. GROSS SAVINGS 2nd Quarter 2016 Oct . 2016 - Indicators
2. 2nd Quarter 2016 Gross savings Glossary of Terms Gross Domestic Product (GDP) Gross Domestic Product (GDP) is the sum of values added by the domestic producers to the product price, plus customs tariffs. It is alternatively defined as the sum of all outputs, less the sum of intermediate consumption plus the indirect taxes on products (taxes, subsidies, etc) not included in the values of outputs. National Income Statistics NATIONAL ACCOUNTS National income It is the GDP less the preliminary incomes paid to the unestimated units, plus the preliminary incomes received from the unestimated units. Current transfers The term refers to the value of free transfers made between the dealers in the form of non-capital transfers. Disposable income The National Disposable Income is the sum of the Gross National Income (GNI) at market price plus net current transfers from abroad. Savings Main economic variable that represents difference between the Disposable Income and the Government Final Consumption Expenditure (GFCE). It is a balancing element for calculating the income as part of the current accounts. 2
3. 2nd Quarter 2016 Gross savings Methodology Savings are calculated by the equilibrium relationship between sums of values of the national accounts . The Gross National Income (GNI) is calculated by adding the net income from abroad to the GDP: GNI = GDP + net income from abroad Thus, the available National Disposable Income is calculated by adding the net current transfers from abroad to the GNI: National Income Statistics NATIONAL ACCOUNTS The available national disposable income = GNI + net current transfers from abroad Accordingly, the savings sum can be calculated by deducting the final consumption expenditure from the available national disposable income: Savings = national disposable income - final consumption expenditure 3
4. 2nd Quarter 2016 Gross savings Tables and charts 2015 * 2016 * 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter (million SAR) Gross Domestic Product (GDP) Net income from abroad National income Net current transfers National Disposable Income Final Consumption Expenditure Gross Savings Savings to GDP ratio  (Q2) (Q3) (Q4) (Q1) (Q2) )‫(ماليين الرياالت السعودية‬ 639,100 631,392 604,220 547,795 565,881 597,291 ‫الناتج المحلي اإلجمالي‬ 12,105 17,522 19,803 9,307 12,262 16,377 651,205 648,914 624,023 557,103 578,143 613,668 -38,979 -39,136 -36,977 -37,506 -37,304 -40,942 612,226 609,777 587,046 593,008 540,839 572,726 455,929 443,101 411,092 468,234 401,948 408,740 156,297 166,676 175,954 124,774 138,891 163,986 % 24.46 % 26.40 % 29.12 % 22.78 % 24.54 % 27.46 ‫صافي الدخل من العالم‬ ‫الخارجي‬ ‫الدخل القومي‬ ‫صافي التحويالت من‬ ‫العالم الخارجي‬ ‫الدخل القومي الممكن‬ ‫التصرف به‬ ‫االنفاق االستهالكي‬ ‫النهائي‬ ‫االدخار اإلجمالي‬ ‫نسبة االدخار إلى الناتج‬ Preliminary Data ‫المحلي االجمالي‬ ‫بيانات أولية‬ *- 700,000 Million SAR National Income Statistics NATIONAL ACCOUNTS from abroad (Q1) 600,000 500,000 400,000 300,000 200,000 100,000 0 2015 Q1 2015 Q2 GDP 2015 Q3 GNI 4 2015 Q4 2016 Q1 Total Savings 2016 Q2
5. 2nd Quarter 2016 Gross savings 30 % 25% 20% 15% 10% 5% 0% 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 National Income Statistics NATIONAL ACCOUNTS Savings to GDP ratio Summary The total value of savings in the second quarter of 2016 declined 1.61 percent to SAR 163.986 million compared with SAR 166.676 million. The Savings to GDP ratio increased 4.2 percent to touch 27.46 percent in the second quarter of 2016 compared with 26.4 percent in the same period in 2015. 5
6. stats .gov.sa