Saudi Arabia Motor Vehicles Sales Growth

2006 - 2023 | Yearly | % | CEIC Data

Key information about Saudi Arabia Motor Vehicles Sales Growth

  • Saudi Arabia Motor Vehicles Sales grew 23.1 % in Dec 2023, compared with a growth of 10.8 % in the previous year.
  • Saudi Arabia Motor Vehicles Sales Growth rate is updated yearly, available from Dec 2006 to Dec 2023, with an average growth rate of -0.0 %.
  • The data reached an all-time high of 32.2 % in Dec 2019 and a record low of -23.6 % in Dec 2017.
  • Car Sales of Saudi Arabia recorded 758,791.0 units in Dec 2023.

CEIC calculates annual Motor Vehicles Sales Growth from semiannual Motor Vehicles Sales. The International Organization of Motor Vehicle Manufacturers provides year-to-date Motor Vehicles Sales.

View Saudi Arabia's Motor Vehicles Sales Growth from 2006 to 2023 in the chart:

Saudi Arabia Motor Vehicles Sales Growth

What was Saudi Arabia's Motor Vehicles Sales Growth in 2023?

Saudi Arabia Motor Vehicles Sales grew 23.1 % in Dec 2023, compared with a growth of 10.8 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
23.1 2023 10.8 2022 -23.6 2017 32.2 2019 % yearly 2006 - 2023

Motor Vehicles Sales Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 38.9 2019 yearly 2006 - 2019
Algeria (%) -1.8 2019 yearly 2006 - 2019
Argentina (%) 7.0 Oct 2024 monthly Jan 1997 - Oct 2024
Armenia (%) -32.8 2019 yearly 2006 - 2019
Australia (%) -7.9 Oct 2024 monthly Jan 1995 - Oct 2024
Austria (%) 14.0 2023 yearly 2006 - 2023
Azerbaijan (%) 67.5 2019 yearly 2006 - 2019
Bahrain (%) -16.0 2019 yearly 2006 - 2019
Bangladesh (%) 5.4 2019 yearly 2006 - 2019
Belarus (%) 20.9 2019 yearly 2006 - 2019
Belgium (%) -6.9 2022 yearly 2006 - 2022
Bolivia (%) -12.1 2019 yearly 2006 - 2019
Bosnia and Herzegovina (%) -52.5 2019 yearly 2006 - 2019
Botswana (%) -87.1 2019 yearly 2006 - 2019
Brazil (%) 21.7 Oct 2024 monthly Jan 2003 - Oct 2024
Brunei (%) 20.1 Nov 2020 monthly Jan 2011 - Nov 2020
Bulgaria (%) 8.8 2022 yearly 2006 - 2022
Cambodia (%) 12.6 2019 yearly 2006 - 2019
Canada (%) 5.6 Aug 2024 monthly Jan 1947 - Aug 2024
Chile (%) 1.4 Sep 2024 monthly Jan 2010 - Sep 2024
China (%) -1.7 Sep 2024 monthly Jan 2001 - Sep 2024
Colombia (%) 24.5 Aug 2024 monthly Jan 2004 - Aug 2024
Croatia (%) 31.2 2023 yearly 2006 - 2023
Cyprus (%) -3.9 2019 yearly 2006 - 2019
Czech Republic (%) 10.2 Dec 2020 monthly Jan 2012 - Dec 2020
Denmark (%) 12.7 2023 yearly 2006 - 2023
Ecuador (%) -1.6 2023 yearly 2006 - 2023
Egypt (%) -50.9 2023 yearly 2006 - 2023
Estonia (%) 18.6 2019 yearly 2006 - 2019
Finland (%) 6.3 2023 yearly 2006 - 2023
France (%) -9.9 2022 yearly 2006 - 2022
Georgia (%) -3.4 2019 yearly 2006 - 2019
Germany (%) -0.3 2022 yearly 2006 - 2022
Ghana (%) -19.4 2019 yearly 2006 - 2019
Greece (%) 25.7 2023 yearly 2006 - 2023
Hong Kong SAR, China (%) -12.8 2019 yearly 2006 - 2019
Hungary (%) 0.1 2023 yearly 2006 - 2023
Iceland (%) -34.2 2019 yearly 2006 - 2019
India (%) 2.8 Mar 2022 monthly May 2002 - Mar 2022
Indonesia (%) -9.1 Sep 2024 monthly Jan 1990 - Sep 2024
Iran (%) -31.7 2019 yearly 2006 - 2019
Ireland (%) 17.4 2023 yearly 2006 - 2023
Israel (%) 24.7 2023 yearly 2006 - 2023
Italy (%) 19.2 2023 yearly 2006 - 2023
Ivory Coast (%) 15.8 2019 yearly 2006 - 2019
Japan (%) 1.2 Oct 2024 monthly Jan 1992 - Oct 2024
Jordan (%) 3.6 2019 yearly 2006 - 2019
Kazakhstan (%) 70.9 2023 yearly 2006 - 2023
Kenya (%) -23.9 2019 yearly 2006 - 2019
South Korea (%) 0.8 Sep 2024 monthly Jan 1995 - Sep 2024
Kuwait (%) 17.6 2023 yearly 2006 - 2023
Kyrgyzstan (%) -35.8 2019 yearly 2006 - 2019
Laos (%) 16.8 2019 yearly 2006 - 2019
Latvia (%) 0.8 2019 yearly 2006 - 2019
Lebanon (%) -33.8 2019 yearly 2006 - 2019
Lithuania (%) 30.7 2019 yearly 2006 - 2019
Luxembourg (%) 4.4 2019 yearly 2006 - 2019
North Macedonia (%) 5.9 2019 yearly 2006 - 2019
Malawi (%) 1.6 2019 yearly 2006 - 2019
Malaysia (%) -14.9 Sep 2024 monthly Jul 1995 - Sep 2024
Malta (%) -6.1 2019 yearly 2006 - 2019
Mauritius (%) 3.0 2019 yearly 2006 - 2019
Mexico (%) 12.0 Aug 2024 monthly Jan 1996 - Aug 2024
Moldova (%) 7.7 2019 yearly 2006 - 2019
Mongolia (%) -41.0 2019 yearly 2006 - 2019
Morocco (%) 0.1 2023 yearly 2006 - 2023
Myanmar (%) 43.8 2019 yearly 2006 - 2019
Nepal (%) 3.5 2019 yearly 2006 - 2019
Netherlands (%) 18.9 2023 yearly 2006 - 2023
New Zealand (%) -9.5 2023 yearly 1976 - 2023
Nigeria (%) -42.4 2019 yearly 2006 - 2019
Norway (%) -21.9 2023 yearly 2006 - 2023
Oman (%) -0.2 2019 yearly 2006 - 2019
Pakistan (%) 14.2 Sep 2024 monthly Jul 2006 - Sep 2024
Palestinian Territory (%) -25.3 2019 yearly 2006 - 2019
Panama (%) -3.1 Sep 2024 monthly Jan 2006 - Sep 2024
Paraguay (%) -15.0 2019 yearly 2006 - 2019
Peru (%) 1.9 2023 yearly 2006 - 2023
Philippines (%) 2.4 Sep 2024 monthly Jan 1997 - Sep 2024
Poland (%) 11.4 2023 yearly 2006 - 2023
Portugal (%) 6.1 Sep 2024 monthly Jan 2001 - Sep 2024
Qatar (%) 0.1 2019 yearly 2006 - 2019
Romania (%) 13.3 2023 yearly 2006 - 2023
Russia (%) 61.1 Oct 2024 monthly Jan 2009 - Oct 2024
Saudi Arabia (%) 23.1 2023 yearly 2006 - 2023
Serbia (%) 4.5 2019 yearly 2006 - 2019
Singapore (%) 67.3 Sep 2024 monthly Jan 2011 - Sep 2024
Slovakia (%) 13.1 2023 yearly 2006 - 2023
Slovenia (%) -14.9 2022 yearly 2006 - 2022
South Africa (%) 5.5 Oct 2024 monthly Jan 2004 - Oct 2024
Spain (%) 17.6 2023 yearly 2006 - 2023
Sri Lanka (%) -27.0 2019 yearly 2006 - 2019
Sudan (%) -13.8 2019 yearly 2006 - 2019
Sweden (%) 3.6 2023 yearly 2006 - 2023
Switzerland (%) 12.9 2023 yearly 2006 - 2023
Syria (%) 62.8 2019 yearly 2006 - 2019
Taiwan (%) -20.4 Sep 2024 monthly Jan 1998 - Sep 2024
Tajikistan (%) 0.8 2019 yearly 2006 - 2019
Thailand (%) -37.1 Sep 2024 monthly Dec 1992 - Sep 2024
Tunisia (%) -5.3 2019 yearly 2006 - 2019

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Saudi Arabia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.5 2022 yearly 1969 - 2022
Consolidated Fiscal Balance (USD mn) -21,585.731 2023 yearly 1969 - 2023
National Government Debt (USD mn) 273,066.7 2023 yearly 2004 - 2023
Government Debt: % of GDP (%) 28.4 Jun 2024 quarterly Dec 2016 - Jun 2024
Forecast: Government Expenditure (SAR bn) 1,583.493 2029 yearly 1990 - 2029
Forecast: Government Net Debt (SAR bn) 1,862.699 2029 yearly 1991 - 2029
Forecast: Government Revenue (SAR bn) 1,433.631 2029 yearly 1991 - 2029
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.415 2028 yearly 1980 - 2028
Trade Balance (USD mn) 113,078.6 2023 yearly 1957 - 2023
Total Exports (USD mn) 24,742.1 Aug 2024 monthly Jan 2015 - Aug 2024
Total Exports Growth (%) -9.8 Aug 2024 monthly Jan 2016 - Aug 2024
Aluminum: Exports (USD th) 2,151,060.164 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 545,269.271 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 22,592.765 2022 yearly 1995 - 2022
Total Imports (USD mn) 17,277.0 Aug 2024 monthly Jan 2005 - Aug 2024
Total Imports Growth (%) -3.9 Aug 2024 monthly Jan 2006 - Aug 2024
Imports: Medicament (USD th) 5,358,995.860 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,078,407.217 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 929.433 Aug 2024 monthly Jan 2017 - Aug 2024
Total Imports from USA (USD mn) 1,659.434 Aug 2024 monthly Jan 2005 - Aug 2024
Total Exports to China (USD mn) 3,955.873 Aug 2024 monthly Jan 2017 - Aug 2024
Total Imports from China (USD mn) 3,833.887 Aug 2024 monthly Jan 1981 - Aug 2024
Exports: Value: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - Apr 2018
Exports: Value: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
Exports: Value: Petroleum Products (SAR mn) 125,222.000 2017 yearly 1970 - 2017
Exports: ow USA (SAR mn) 3,485.373 Aug 2024 monthly Jan 2017 - Aug 2024
Exports: ow China (SAR mn) 14,834.524 Aug 2024 monthly Jan 2017 - Aug 2024
Exports: India (SAR mn) 8,822.221 Aug 2024 monthly Jan 2017 - Aug 2024
Exports: South Korea (SAR mn) 8,940.899 Aug 2024 monthly Jan 2017 - Aug 2024
Exports: Value (SAR mn) 92,782.918 Aug 2024 monthly Jan 2015 - Aug 2024
Exports: Value: Asia: India (SAR mn) 113,354.282 2023 yearly 1984 - 2023
Exports: Value: North America: USA (SAR mn) 58,495.428 2023 yearly 1984 - 2023
Exports: Value: Asia: South Korea (SAR mn) 107,208.022 2023 yearly 1984 - 2023
Exports: Value: Asia: China Mainland (SAR mn) 199,331.298 2023 yearly 1984 - 2023
Exports: Value: Asia: Japan (SAR mn) 121,831.325 2023 yearly 1984 - 2023
Imports: HS: Value: MC: Mineral Products (SAR mn) 61,579.696 2023 yearly 1983 - 2023
Imports: HS: Value: Foodstuffs (SAR mn) 105,681.247 2023 yearly 1970 - 2023
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 17,249.487 2023 yearly 1970 - 2023
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 33,637.828 2023 yearly 1970 - 2023
Imports: HS: Value: Transport Equipment (SAR mn) 118,665.412 2023 yearly 1970 - 2023
Imports: Value: European Union: Germany (SAR mn) 34,218.595 2023 yearly 1984 - 2023
Imports: Value: Asia: South Korea (SAR mn) 22,618.912 2023 yearly 1984 - 2023
Imports: Value: Asia: China Mainland (SAR mn) 162,549.731 2023 yearly 1984 - 2023
Imports: Value: North America: USA (SAR mn) 70,584.316 2023 yearly 1984 - 2023
Imports: Value: Asia: Japan (SAR mn) 30,693.439 2023 yearly 1984 - 2023
Export Value Index (2015=100) 135.681 2021 yearly 1980 - 2021
Import Value Index (2015=100) 87.505 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 115.814 2021 yearly 1980 - 2021
Import Volume Index (2015=100) 104.491 2021 yearly 2000 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,428.0 Jun 2024 quarterly Mar 2006 - Jun 2024
Current Account Balance (USD mn) 4,324.3 Jun 2024 quarterly Mar 2006 - Jun 2024
Current Account Balance: % of GDP (%) 1.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Foreign Direct Investment (USD mn) 3,115.5 Jun 2024 quarterly Mar 2006 - Jun 2024
Foreign Direct Investment: % of GDP (%) 1.1 Jun 2024 quarterly Mar 2006 - Jun 2024
Foreign Portfolio Investment (USD mn) 5,552.736 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 2.0 Jun 2024 quarterly Mar 2008 - Jun 2024
Forecast: Current Account Balance (USD bn) -37.538 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 785,074.650 2023 yearly 2007 - 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 639.030 Mar 2024 quarterly Mar 2018 - Mar 2024
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 2,295.466 Jun 2024 quarterly Mar 2018 - Jun 2024
BoP: USD: FA: Other Investment: Assets (USD mn) -11,779.491 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Other Investment (USD mn) -21,939.380 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 25,358.852 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 5,552.736 Jun 2024 quarterly Mar 2008 - Jun 2024
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 16,373.149 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Other Investment: Liabilities (USD mn) 10,159.889 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Secondary Income (USD mn) -13,968.144 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Portfolio Investment (USD mn) 10,820.414 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: Financial Account (FA) (USD mn) 668.122 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 52,073.982 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: Errors and Omissions (USD mn) -2,536.199 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 16,076.248 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Direct Investment: Assets (USD mn) 2,427.992 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Reserve Assets (USD mn) 12,474.564 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Goods & Services: Services (USD mn) -9,282.605 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Primary Income (USD mn) 801.100 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Primary Income: Credit (USD mn) 8,962.458 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: FA: Direct Investment (USD mn) -687.475 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Primary Income: Debit (USD mn) 8,161.358 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Goods & Services: Goods (USD mn) 26,773.970 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 78,847.952 Jun 2024 quarterly Mar 2006 - Jun 2024
IIP: Liabilities (SAR mn) 2,407,971.859 2023 yearly 2007 - 2023
IIP: Assets (SAR mn) 5,352,001.798 2023 yearly 2007 - 2023
International Investment Position (IIP) (SAR mn) 2,944,029.939 2023 yearly 2007 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.4 Mar 2024 quarterly Mar 2009 - Mar 2024
Household Debt: % of GDP (%) 11.9 Jun 2024 quarterly Dec 2003 - Jun 2024
Money Supply M1 (USD mn) 444,677.991 Sep 2024 monthly Jan 1993 - Sep 2024
Money Supply M2 (USD mn) 697,175.467 Sep 2024 monthly Jan 1993 - Sep 2024
M2 Growth (%) 11.3 Sep 2024 monthly Jan 1994 - Sep 2024
Reserve Requirement Ratio (%) 7.0 Oct 2024 monthly Mar 1980 - Oct 2024
Foreign Exchange Reserves (USD mn) 431,870.8 Sep 2024 monthly Jan 2001 - Sep 2024
Foreign Exchange Reserves: % of GDP (%) 41.018 Jun 2024 quarterly Dec 2003 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 23.9 2023 yearly 1957 - 2023
Gold Reserves (USD mn) 432.934 Oct 2024 monthly Dec 1957 - Oct 2024
Total Deposits (USD mn) 725,034.612 Sep 2024 monthly Jan 1993 - Sep 2024
Total Deposits Growth (%) 10.7 Sep 2024 monthly Jan 1994 - Sep 2024
Domestic Credit (USD mn) 279,406.0 Feb 2018 monthly Oct 1983 - Feb 2018
Domestic Credit Growth (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Credit to Households (USD bn) 348.930 Dec 2023 quarterly Mar 1998 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 796.302 Dec 2023 quarterly Mar 1993 - Dec 2023
Household Debt (USD mn) 131,348.0 Sep 2024 quarterly Mar 1998 - Sep 2024
Total Loans (USD mn) 760,836.979 Sep 2024 monthly Jan 1997 - Sep 2024
Total Loans Growth (%) 12.16 Sep 2024 monthly Jan 1998 - Sep 2024
Private Debt: % of Nominal GDP (%) 65.19 Jun 2024 quarterly Dec 2003 - Jun 2024
Base Money (SAR mn) 399,205.988 Sep 2024 monthly Jan 2000 - Sep 2024
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,943,661.466 Sep 2024 monthly Jan 1993 - Sep 2024
Money Supply: M3: M2: M1 (SAR mn) 1,667,542.465 Sep 2024 monthly Jan 1993 - Sep 2024
Money Supply: M3: M2 (SAR mn) 2,614,408.000 Sep 2024 monthly Jan 1993 - Sep 2024
Official Reserve Assets (SAR mn) 1,713,646.719 Sep 2024 monthly Jan 2001 - Sep 2024
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 646,420.422 Aug 2024 monthly Jan 2001 - Aug 2024
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019
Banks Deposits: Demand: Business and Individuals (SAR mn) 1,133,207.239 Aug 2024 monthly Jan 1993 - Aug 2024
Banks Deposits (SAR mn) 2,680,243.549 Aug 2024 monthly Jan 1993 - Aug 2024
Bank Loans: Consumer (SAR mn) 452,321.357 Jun 2024 quarterly Mar 1998 - Jun 2024

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