The liquidity levels (“available money”) in the Saudi economy recorded an annual growth of SR236.129bn ($68.3bn), or 9 per cent, reaching SR2.921tn ($778.6bn) by the end of 2024, compared to SR2.685tn ($715.7bn) in 2023.
This is reflected in the broad money supply measure (M3), according to the December edition of the Saudi Central Bank (SAMA) monthly statistical bulletin.
Liquidity levels grew from the beginning of 2024 until the end of December by SR236.129bn ($62.9bn), representing a 7.4 per cent increase.
Saudi liquidity
Over the past five years (2020–2024), liquidity levels have shown positive growth, rising by 36 per cent, with an increase of approximately SR772.205bn ($205.8bn).
These significant liquidity levels are a key driver of the economic and commercial system, contributing to positive growth in the Kingdom’s economic development trajectory.
Reviewing the four components of the broad money supply (M3), demand deposits, which constitute the largest share, accounted for 49.3 per cent of the total, reaching SR1.44tn ($383.8bn) by the end of 2024.
Meanwhile, time and savings deposits, the second-largest contributor to the total money supply, amounted to SR949.708bn ($253.1bn), representing 32.5 per cent.
Other quasi-monetary deposits reached SR302.036bn ($80.5bn), accounting for 10.3 per cent of the total money supply, making them the third-largest contributor.
Additionally, currency in circulation outside banks ranked fourth, amounting to SR229.088bn ($61.1bn), with a 7.8 per cent contribution to the total money supply.
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