Saudi Arabia’s liquidity levels, measured by the broad money supply (M3), grew by 9% year-on-year in 2024, reaching SAR 2.921 trillion by the end of December, according to the Saudi Central Bank (SAMA). The annual increase of SAR 236.12 billion was also reflected in a 7.4% growth in liquidity over the year.
SAMA’s latest monthly statistical bulletin shows that over the five-year period from 2020 to 2024, Saudi Arabia’s money supply has grown by 36%, equivalent to SAR 772.20 billion in additional liquidity. Authorities view this increase as a key driver of the Kingdom’s economic and commercial expansion.
Demand deposits represented the largest component of the money supply in 2024, accounting for 49.3% of the total at SAR 1.440 trillion. Time and savings deposits followed, making up 32.5% at SAR 949.7 billion. Other quasi-monetary deposits reached SAR 302 billion, contributing 10.3%, while currency in circulation outside banks amounted to SAR 229 billion, representing 7.8% of total liquidity.
The growth in liquidity underpins broader economic momentum in the Kingdom, aligning with government efforts to stimulate investment and support Vision 2030 economic diversification initiatives.
