‎Saudi BoP travel surplus hits SAR 27B in Q1

‎Saudi BoP travel surplus hits SAR 27B in Q1 ‎Saudi BoP travel surplus hits SAR 27B in Q1

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Logo ofMinistry of Tourism

Saudi Arabia’s Ministry of Tourism stated that the Kingdom achieved a record balance of payment (BoP) surplus of approximately SAR 26.8 billion for travel in Q1 2025, compared with a year earlier, driven by a significant increase in spending by international visitors.

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Spending by inbound tourists reached a record SAR 49.4 billion in Q1 2025, marking a 10% increase compared to Q1 2024.

Travel surplus grew by 12% year-on-year (YoY), the ministry said, citing data from the Saudi Central Bank (SAMA).

Travel surplus represents the difference between the spending of inbound and outbound travelers.

Spending by outbound tourists reached SAR 22.6 billion by the end of March 2025, up from SAR 21 billion a year earlier,as shown in the following table:

Travel Item Details in BoP in Q1 2025 (SAR bln)

Q1 2024

Q1 2025

Change

Spending by Inbound Tourists

45.0

49.4

10%

Spending by Outbound Travelers*

21.0

22.6

8%

Surplus

24.0

26.8

12%

*Spending by Saudis andresidents in the Kingdom

The following table shows travel item in BoP since 2016:

Travel Item Details in BoP since 2016 (SAR bln)

Spending by Inbound Tourists

Spending by Outbound Travelers*

Surplus/Deficit

2016

41.6

62.5

(20.9)

2017

45.2

65.8

(20.6)

2018

51.7

62.4

(10.7)

2019

61.6

56.8

+4.8

2020

15.1

33.2

(18.1)

2021

14.3

45.7

(31.4)

2022

94.5

59.7

+ 34.8

2023

135.0

88.8

+ 46.2

2024

153.6

103.8

+ 49.8

Q1 2025

49.4

22.6

+ 26.8

*Spending by Saudis andresidents in the Kingdom

 

Logo ofMinistry of Tourism

Saudi Arabia’s Ministry of Tourism stated that the Kingdom achieved a record balance of payment (BoP) surplus of approximately SAR 26.8 billion for travel in Q1 2025, compared with a year earlier, driven by a significant increase in spending by international visitors.

Spending by inbound tourists reached a record SAR 49.4 billion in Q1 2025, marking a 10% increase compared to Q1 2024.

Travel surplus grew by 12% year-on-year (YoY), the ministry said, citing data from the Saudi Central Bank (SAMA).

Travel surplus represents the difference between the spending of inbound and outbound travelers.

Spending by outbound tourists reached SAR 22.6 billion by the end of March 2025, up from SAR 21 billion a year earlier,as shown in the following table:

Travel Item Details in BoP in Q1 2025 (SAR bln)

Q1 2024

Q1 2025

Change

Spending by Inbound Tourists

45.0

49.4

10%

Spending by Outbound Travelers*

21.0

22.6

8%

Surplus

24.0

26.8

12%

*Spending by Saudis andresidents in the Kingdom

The following table shows travel item in BoP since 2016:

Travel Item Details in BoP since 2016 (SAR bln)

Spending by Inbound Tourists

Spending by Outbound Travelers*

Surplus/Deficit

2016

41.6

62.5

(20.9)

2017

45.2

65.8

(20.6)

2018

51.7

62.4

(10.7)

2019

61.6

56.8

+4.8

2020

15.1

33.2

(18.1)

2021

14.3

45.7

(31.4)

2022

94.5

59.7

+ 34.8

2023

135.0

88.8

+ 46.2

2024

153.6

103.8

+ 49.8

Q1 2025

49.4

22.6

+ 26.8

*Spending by Saudis andresidents in the Kingdom
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