In numbers: liquidity growth in the Saudi economy on an annual basis

Liquidity levels (available money) in the Saudi economic system achieved growth exceeding 247,647 billion riyals on an annual basis, at a rate of 9.2%.
It reached the level of 2,936,089 million riyals by the end of October of the current year, compared to the same similar period last year, which amounted to 2,688,442 million riyals.
Its levels reflect the money supply in its broad and comprehensive sense (M3), as indicated by the data of the monthly statistical bulletin of the Central Bank of Saudi Arabia for the month of October 2024.

Liquidity levels on a quarterly basis

Comparing liquidity levels on a quarterly basis, it recorded a growth of 1.5%, with an increase of nearly 45 billion riyals, reaching 2,943,661 million riyals by the end of the third quarter of the current year.
This compares to 2,898,706 million riyals at the end of the second quarter of the same year.

The level of liquidity achieved a growth of 8%, with an increase exceeding 215 billion riyals, compared to its levels in January 2024, which was 2,720,957 million riyals.

An engine for the economic and commercial system

These levels of strong liquidity are an engine for the economic and commercial system, and a contribution to achieving positive rates in the process of economic development.
By reviewing the four components of the money supply (M3) in its broad and comprehensive sense, “demand deposits”, which are considered the largest contribution to the total, recorded a rate of 49%, with a value of 1,425,489 million riyals by the end of October 2024.
While “time and savings deposits” recorded 971,103 billion riyals, as they are the second largest contributor to the total money supply (M3), at 33%.

“Other quasi-cash deposits” reached the level of 312,506 billion riyals, with a contribution of 11% to the total money supply (M3), making it the third largest contributor.
Fourthly, “cash in circulation outside banks” amounted to 226,991 billion riyals, with a contribution rate of about 8% to the total money supply (M3).

Components of quasi-cash deposits

It is noteworthy that quasi-cash deposits consist of resident deposits in foreign currencies, deposits against documentary credits, and existing transfers.
And repurchase operations (repo) carried out by banks with the private sector.
Local liquidity also contains (M1), which includes cash in circulation outside banks, in addition to demand deposits only.
(M2) includes (M1) in addition to time and savings deposits, and the broad definition (M3) includes (M2) in addition to other semi-cash deposits.