Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total population31.54 million30.89 million30.2 million
WDI
A.1.1
Urban population (% of total)83.13% of total82.93% of total82.72% of total
WDI
A.1.4
Urban population growth (annual %)2.34%2.49%2.62%
WDI
A.1.5
A.2 Economy
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
GDP, current prices (U.S. dollars)653,219 USD (millions)753,832 USD (millions)744,336 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)1,683,044 USD (millions)1,612,287 USD (millions)1,530,538 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)20,812.59 USD 24,498.62 USD 24,815.93 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)53,624.4 USD 52,397.39 USD 51,027.66 USD
WEO
A.2.4
GDP, constant prices (Percent change)3.35%3.64%2.67%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)2.27%2.45%2.97%
WEO
A.2.6
GDP, deflator (Index)97.30116.05118.76
WEO
A.2.7
Consumer price index118.23115.70118.76
WEO
A.2.8
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Interest Rates:A.2.15
Yield on 3 months treasury bills.47%.52%.49%
IFS
A.2.15.2
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Number of dwelling units:B.1.1
Total  4.65 millionB.1.1.1
Characteristics of housing stock:B.1.3
% of substandard dwelling units  3.12% of totalB.1.3.2
Tenure in urban areas (%):B.1.4
Owner-occupied units  40.45% of totalB.1.4.1
Private rental units  46.19% of totalB.1.4.3
Other forms of tenure   13.35% of totalB.1.4.5
Estimated Number of units completed/yearB.1.5
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
M2 construction cost for median quality houseB.2.4


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Notes: "From Nov. 2014 all banks and finance companeis providing real estate or other financing services have needed to be licensed by SAMA"
Notes: "From Nov. 2014 all banks and finance companeis providing real estate or other financing services have needed to be licensed by SAMA"
Notes: "Ministry of Housing is continuing to develop… Includes provision of interest-free loans (up to SR 500,000) and the payment of interest on behalf of the borrower for mortgage loans taken out from banks"
Notes: "Ministry of Housing is continuing to develop… Includes provision of interest-free loans (up to SR 500,000) and the payment of interest on behalf of the borrower for mortgage loans taken out from banks"
Notes: "Ministry of Housing is continuing to develop… Includes provision of interest-free loans (up to SR 500,000) and the payment of interest on behalf of the borrower for mortgage loans taken out from banks"
Notes: "Ministry of Housing is continuing to develop… Includes provision of interest-free loans (up to SR 500,000) and the payment of interest on behalf of the borrower for mortgage loans taken out from banks"
Notes: Addition of residential real estate loans by commercial banks and mortgages extended by the Real Estate Development Fund
Notes: Addition of residential real estate loans by commercial banks and mortgages extended by the Real Estate Development Fund
Notes: Addition of residential real estate loans by commercial banks and mortgages extended by the Real Estate Development Fund
Notes: Base year
Notes: Capital gains tax exists for corporations but not for personal sales of property
Notes: National Percentage
Notes: National Percentage
Notes: Real Estate Development Fund does not take deposits but is a governmental fund that issues mortgage loans interest free
Notes: Real Estate Development Fund does not take deposits but is a governmental fund that issues mortgage loans interest free
Notes: Real Estate Development Fund does not take deposits but is a governmental fund that issues mortgage loans interest free
Notes: Real Estate Development Fund does not take deposits but is a governmental fund that issues mortgage loans interest free
Notes: Real Estate Development Fund does not take deposits but is a governmental fund that issues mortgage loans interest free
Notes: Real Estate Development Fund does not take deposits but is a governmental fund that issues mortgage loans interest free
Notes: Real Estate Development Fund does not take deposits but is a governmental fund that issues mortgage loans interest free
Notes: Real Estate Development Fund does not take deposits but is a governmental fund that issues mortgage loans interest free
Notes: Real Estate Development Fund does not take deposits but is a governmental fund that issues mortgage loans interest free
Notes: Real Estate Development Fund does not take deposits but is a governmental fund that issues mortgage loans interest free
Notes: Real Estate Development Fund still the major source of financing for those wishing to obtain a mortgage. REDF is not a depository institution but rather lends government funds
Notes: Real Estate Development Fund still the major source of financing for those wishing to obtain a mortgage. REDF is not a depository institution but rather lends government funds
Notes: Real Estate Development Fund still the major source of financing for those wishing to obtain a mortgage. REDF is not a depository institution but rather lends government funds
Notes: Table 37-1 Calculated as total units less units made of mud, stone, and other material
Notes: Table 38-1 Includes "other" tenure and housing provided by employers