Tawasul
Mubasher TV
Contact Us Advertising   العربية

Savings in KSA down 2.4% in 9M

Savings in KSA down 2.4% in 9M
Photo Archive

Riyadh – Mubasher: Saving in Saudi Arabia declined by around 2.4% or SAR 18.4 billion during the first none months of last year to SAR 751.76 billion, compared to SAR 770.18 billion for the same period in 2018.

This mainly resulted from a decrease in savings during the third quarter (Q3) of 2019 by 9.4% year-on-year (YoY) to SAR 253.07 billion, compared with SAR 239.3 billion in Q3-18, as shown by the data of the Saudi General Authority for Statistics (GaStat).

Meanwhile, consumption spending increased by 3.2% YoY during the nine-month period to SAR 1.362 trillion.