Riyadh - Mubasher: Total saving in deposits in Saudi Arabia increased by 29.4% in the second quarter of the year, the data of the General Authority for Statistics showed.
Savings amounted to SAR 196.46 billion in Q2-17, compared to SAR 151.8 billion for the corresponding quarter in the year before.
The savings to the total gross domestic product (GDP) also increased by 14.4%, during the same period.
As for the first half of 2017, total savings reached SAR 400.44 billion, accounting for 33.5% of GDP.
Consumption spending in the kingdom decreased by 1.65% to SAR 405.07 billion down from SAR 411.88 million last year.
