Saudi economy records its highest liquidity ever, reaching 3.03 trillion riyals at the end of February 2025

Liquidity levels (available money) in the Saudi economy recorded positive growth, reaching their highest levels in history by the end of February 2025, with an annual increase of 277,490 million riyals, a growth rate of 10.1%. Total liquidity reached 3,033,684 million riyals, compared to 2,756,193 million riyals during the same period in 2024. This reflects the strong growth performance of the broad and comprehensive money supply (M3), according to data released by the Saudi Central Bank’s (SAMA) monthly statistical bulletin. Liquidity levels witnessed a monthly growth of 67,543 million riyals, representing 2.3%, compared to 2,966,140 million riyals at the end of January of this year. These levels of liquidity are a driving force behind the economic and commercial system, contributing to positive economic development.

A review of the four components of money supply (M3) in its broad and comprehensive sense reveals that “demand deposits,” the largest contributor to the total, accounted for 48.5%, with a value of SAR 1,470,383 million by the end of February. “Time and savings deposits,” at SAR 1,031,712 million, represented the second largest contributor to the total money supply, accounting for 34%.

“Other quasi-cash deposits,” at SAR 293,683 million, represented the third largest contributor, accounting for 9.7% of the total money supply. “Cash in circulation outside banks,” came in fourth, with a value of SAR 237,905 million, representing approximately 7.8% of the total money supply. It is noteworthy that quasi-cash deposits consist of residents’ deposits in foreign currencies, deposits against documentary credits, outstanding transfers, and repurchase (repo) operations carried out by banks with the private sector. It includes domestic liquidity (M1), which includes cash in circulation outside banks, in addition to demand deposits only, and (M2) includes (M1) in addition to time and savings deposits, and the broad definition (M3) includes (M2) in addition to other quasi-cash deposits.