Saudi Arabia Government Debt: % of GDP

2016 - 2024 | Quarterly | % | CEIC Data

Key information about Saudi Arabia Government Debt: % of GDP

  • Saudi Arabia Government debt accounted for 28.5 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 28.4 % in the previous quarter.
  • Saudi Arabia government debt to GDP ratio data is updated quarterly, available from Dec 2016 to Sep 2024.
  • The data reached an all-time high of 32.5 % in Mar 2021 and a record low of 12.0 % in Mar 2017.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance provides Government Debt in local currency. The General Authority for Statistics provides Nominal GDP in local currency.


Related information about Saudi Arabia Government Debt: % of GDP

  • In the latest reports, Saudi Arabia National Government Debt reached 273.1 USD bn in Dec 2023.
  • The country's Nominal GDP reached 267.9 USD bn in Mar 2023.

View Saudi Arabia's Government Debt: % of GDP from Dec 2016 to Sep 2024 in the chart:

Saudi Arabia Government Debt: % of GDP

What was Saudi Arabia's Government Debt: % of GDP in Sep 2024?

Saudi Arabia Government debt accounted for 28.5 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 28.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
28.5 Sep 2024 28.4 Jun 2024 12.0 Mar 2017 32.5 Mar 2021 % quarterly Dec 2016 - Sep 2024

Government Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 52.6 Sep 2024 quarterly Sep 2010 - Sep 2024
Algeria (%) 48.9 2023 yearly 1997 - 2023
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 48.9 Sep 2024 quarterly Dec 2013 - Sep 2024
Australia (%) 38.0 2023 yearly 1999 - 2023
Austria (%) 83.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 90.7 Sep 2024 quarterly Dec 2007 - Sep 2024
Bangladesh (%) 26.4 2024 yearly 2010 - 2024
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 106.5 Mar 2024 quarterly Dec 1980 - Mar 2024
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 19.1 2023 yearly 2007 - 2023
Botswana (%) 17.3 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 77.4 Sep 2024 quarterly Dec 2006 - Sep 2024
Bulgaria (%) 22.1 Jun 2024 quarterly Mar 2007 - Jun 2024
Cambodia (%) 25.3 2022 yearly 2013 - 2022
Canada (%) 68.6 2024 yearly 1962 - 2024
Chile (%) 44.0 Sep 2024 quarterly Mar 2002 - Sep 2024
China (%) 25.1 Sep 2024 quarterly Mar 2014 - Sep 2024
Colombia (%) 62.2 Jun 2024 quarterly Dec 2005 - Jun 2024
Croatia (%) 59.7 Sep 2024 quarterly Dec 1995 - Sep 2024
Cyprus (%) 69.7 Sep 2024 quarterly Dec 2010 - Sep 2024
Czech Republic (%) 43.6 Sep 2024 quarterly Mar 2000 - Sep 2024
Denmark (%) 33.6 Sep 2024 quarterly Mar 2000 - Sep 2024
Ecuador (%) 67.4 Sep 2024 quarterly Dec 2005 - Sep 2024
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 24.0 Sep 2024 quarterly Mar 2000 - Sep 2024
European Union (%) 81.5 Jun 2024 quarterly Mar 2000 - Jun 2024
Finland (%) 81.5 Sep 2024 quarterly Mar 2000 - Sep 2024
France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Georgia (%) 37.2 Sep 2024 quarterly Mar 2006 - Sep 2024
Germany (%) 62.4 Sep 2024 quarterly Mar 2000 - Sep 2024
Ghana (%) 72.3 2023 yearly 2006 - 2023
Greece (%) 160.0 Jun 2024 quarterly Dec 1999 - Jun 2024
Hong Kong SAR, China (%) 49.1 2024 yearly 2003 - 2024
Hungary (%) 76.0 Sep 2024 quarterly Dec 1990 - Sep 2024
Iceland (%) 64.2 2023 yearly 1998 - 2023
India (%) 58.3 Sep 2024 quarterly Mar 2012 - Sep 2024
Indonesia (%) 38.9 Sep 2024 quarterly Jun 2015 - Sep 2024
Iran (%) 7.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Ireland (%) 42.7 Jun 2024 quarterly Mar 2000 - Jun 2024
Israel (%) 60.3 2023 yearly 1995 - 2023
Italy (%) 138.3 Sep 2024 quarterly Dec 1995 - Sep 2024
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 217.4 Sep 2024 quarterly Dec 1994 - Sep 2024
Jordan (%) 91.2 Sep 2024 quarterly Mar 2002 - Sep 2024
Kazakhstan (%) 21.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Kenya (%) 67.6 Sep 2024 quarterly Dec 2009 - Sep 2024
South Korea (%) 45.7 Sep 2024 quarterly Sep 2002 - Sep 2024
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 0.3 Jun 2024 quarterly Dec 2010 - Jun 2024
Kyrgyzstan (%) 41.7 Sep 2024 quarterly Mar 2011 - Sep 2024
Latvia (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 38.4 Sep 2024 quarterly Mar 2000 - Sep 2024
Luxembourg (%) 26.6 Sep 2024 quarterly Dec 1997 - Sep 2024
North Macedonia (%) 50.4 Sep 2024 quarterly Dec 2009 - Sep 2024
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 65.0 Sep 2024 quarterly Dec 2010 - Sep 2024
Malta (%) 45.3 Sep 2024 quarterly Mar 2000 - Sep 2024
Mauritius (%) 69.3 Dec 2023 quarterly Jun 2003 - Dec 2023
Mexico (%) 47.7 Sep 2024 quarterly Dec 2005 - Sep 2024
Moldova (%) 34.7 Sep 2024 quarterly Mar 2007 - Sep 2024
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 59.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Morocco (%) 71.5 2022 yearly 1994 - 2022
Nepal (%) 39.9 2021 yearly 1990 - 2021
Netherlands (%) 43.2 Jun 2024 quarterly Dec 1999 - Jun 2024
New Zealand (%) 44.3 Sep 2024 quarterly Dec 2006 - Sep 2024
Nigeria (%) 52.8 Jun 2024 quarterly Dec 2010 - Jun 2024
Norway (%) 44.5 2023 yearly 1995 - 2023
Oman (%) 37.5 2023 yearly 1990 - 2023
Pakistan (%) 72.3 2023 yearly 2000 - 2023
Palestinian Territory (%) 116.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Panama (%) 61.6 Sep 2024 quarterly Dec 2007 - Sep 2024
Paraguay (%) 36.6 Sep 2024 quarterly Dec 2014 - Sep 2024
Peru (%) 32.6 Sep 2024 quarterly Mar 1999 - Sep 2024
Philippines (%) 61.3 Sep 2024 quarterly Mar 1993 - Sep 2024
Poland (%) 52.3 Jun 2024 quarterly Dec 2002 - Jun 2024
Portugal (%) 97.5 Sep 2024 quarterly Dec 1995 - Sep 2024
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 53.1 Sep 2024 quarterly Dec 2011 - Sep 2024
Russia (%) 14.6 Mar 2024 quarterly Dec 2011 - Mar 2024
Saudi Arabia (%) 28.5 Sep 2024 quarterly Dec 2016 - Sep 2024
Serbia (%) 47.4 Sep 2024 quarterly Sep 2004 - Sep 2024
Singapore (%) 173.0 Sep 2024 quarterly Mar 1990 - Sep 2024
Slovakia (%) 60.5 Mar 2024 quarterly Mar 2000 - Mar 2024
Slovenia (%) 66.9 Sep 2024 quarterly Dec 1999 - Sep 2024
South Africa (%) 75.1 Sep 2024 quarterly Dec 1960 - Sep 2024
Spain (%) 104.3 Sep 2024 quarterly Mar 1995 - Sep 2024
Sri Lanka (%) 96.9 Sep 2024 quarterly Mar 2014 - Sep 2024
Sweden (%) 32.0 Jun 2024 quarterly Mar 1996 - Jun 2024
Switzerland (%) 23.3 2028 yearly 1990 - 2028
Taiwan (%) 29.0 2023 yearly 1996 - 2023
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 55.9 Sep 2024 quarterly Dec 1997 - Sep 2024
Tunisia (%) 83.0 2023 yearly 2016 - 2023
Turkey (%) 25.6 Sep 2024 quarterly Dec 2001 - Sep 2024
Ukraine (%) 79.4 Dec 2023 quarterly Dec 2010 - Dec 2023

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Saudi Arabia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.5 2022 yearly 1969 - 2022
Consolidated Fiscal Balance (USD mn) -30,666.667 2024 yearly 1969 - 2024
National Government Debt (USD mn) 319,733.3 2024 yearly 2004 - 2024
Government Debt: % of GDP (%) 28.5 Sep 2024 quarterly Dec 2016 - Sep 2024
Forecast: Government Expenditure (SAR bn) 1,583.493 2029 yearly 1990 - 2029
Forecast: Government Net Debt (SAR bn) 1,862.699 2029 yearly 1991 - 2029
Forecast: Government Revenue (SAR bn) 1,433.631 2029 yearly 1991 - 2029
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.415 2028 yearly 1980 - 2028
Trade Balance (USD mn) 113,078.6 2023 yearly 1957 - 2023
Total Exports (USD mn) 24,741.9 Oct 2024 monthly Jan 2015 - Oct 2024
Total Exports Growth (%) -10.7 Oct 2024 monthly Jan 2016 - Oct 2024
Aluminum: Exports (USD th) 2,151,060.164 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 595,269.369 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 22,383.089 2023 yearly 1995 - 2023
Total Imports (USD mn) 19,203.3 Oct 2024 monthly Jan 2005 - Oct 2024
Total Imports Growth (%) -3.8 Oct 2024 monthly Jan 2006 - Oct 2024
Imports: Medicament (USD th) 5,014,506.913 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 2,727,931.691 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 639.161 Oct 2024 monthly Jan 2017 - Oct 2024
Total Imports from USA (USD mn) 1,518.589 Oct 2024 monthly Jan 2005 - Oct 2024
Total Exports to China (USD mn) 3,987.029 Oct 2024 monthly Jan 2017 - Oct 2024
Total Imports from China (USD mn) 4,688.123 Oct 2024 monthly Jan 1981 - Oct 2024
Exports: Value: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - Apr 2018
Exports: Value: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
Exports: Value: Petroleum Products (SAR mn) 125,222.000 2017 yearly 1970 - 2017
Exports: ow USA (SAR mn) 2,396.853 Oct 2024 monthly Jan 2017 - Oct 2024
Exports: ow China (SAR mn) 14,951.358 Oct 2024 monthly Jan 2017 - Oct 2024
Exports: Value (SAR mn) 92,782.013 Oct 2024 monthly Jan 2015 - Oct 2024
Exports: India (SAR mn) 8,793.674 Oct 2024 monthly Jan 2017 - Oct 2024
Exports: South Korea (SAR mn) 8,319.229 Oct 2024 monthly Jan 2017 - Oct 2024
Exports: Value: Asia: India (SAR mn) 113,354.282 2023 yearly 1984 - 2023
Exports: Value: North America: USA (SAR mn) 58,495.428 2023 yearly 1984 - 2023
Exports: Value: Asia: South Korea (SAR mn) 107,208.022 2023 yearly 1984 - 2023
Exports: Value: Asia: China Mainland (SAR mn) 199,331.298 2023 yearly 1984 - 2023
Exports: Value: Asia: Japan (SAR mn) 121,831.325 2023 yearly 1984 - 2023
Imports: HS: Value: MC: Mineral Products (SAR mn) 61,579.696 2023 yearly 1983 - 2023
Imports: HS: Value: Foodstuffs (SAR mn) 105,681.247 2023 yearly 1970 - 2023
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 17,249.487 2023 yearly 1970 - 2023
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 33,637.828 2023 yearly 1970 - 2023
Imports: HS: Value: Transport Equipment (SAR mn) 118,665.412 2023 yearly 1970 - 2023
Imports: Value: European Union: Germany (SAR mn) 34,218.595 2023 yearly 1984 - 2023
Imports: Value: Asia: South Korea (SAR mn) 22,618.912 2023 yearly 1984 - 2023
Imports: Value: Asia: China Mainland (SAR mn) 162,549.731 2023 yearly 1984 - 2023
Imports: Value: Asia: Japan (SAR mn) 30,693.439 2023 yearly 1984 - 2023
Imports: Value: North America: USA (SAR mn) 70,584.316 2023 yearly 1984 - 2023
Export Value Index (2015=100) 135.681 2021 yearly 1980 - 2021
Import Value Index (2015=100) 87.505 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 115.814 2021 yearly 1980 - 2021
Import Volume Index (2015=100) 104.491 2021 yearly 2000 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 4,746.1 Sep 2024 quarterly Mar 2006 - Sep 2024
Current Account Balance (USD mn) -8,790.1 Sep 2024 quarterly Mar 2006 - Sep 2024
Current Account Balance: % of GDP (%) -3.3 Sep 2024 quarterly Mar 2006 - Sep 2024
Foreign Direct Investment (USD mn) 4,255.6 Sep 2024 quarterly Mar 2006 - Sep 2024
Foreign Direct Investment: % of GDP (%) 1.6 Sep 2024 quarterly Mar 2006 - Sep 2024
Foreign Portfolio Investment (USD mn) 6,044.079 Sep 2024 quarterly Mar 2008 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 2.3 Sep 2024 quarterly Mar 2008 - Sep 2024
Forecast: Current Account Balance (USD bn) -37.538 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 765,219.433 2023 yearly 2007 - 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 639.030 Mar 2024 quarterly Mar 2018 - Mar 2024
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 2,295.466 Jun 2024 quarterly Mar 2018 - Jun 2024
BoP: USD: FA: Other Investment: Assets (USD mn) 3,644.042 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: FA: Other Investment (USD mn) -17,689.915 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: CA: Secondary Income (USD mn) -13,383.060 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 26,126.658 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 17,690.709 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 6,044.079 Sep 2024 quarterly Mar 2008 - Sep 2024
BoP: USD: FA: Other Investment: Liabilities (USD mn) 21,333.957 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: Errors and Omissions (USD mn) -6,661.703 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: Financial Account (FA) (USD mn) -16,358.424 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: FA: Portfolio Investment (USD mn) 11,646.630 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: FA: Reserve Assets (USD mn) -10,805.656 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 73,942.498 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: CA: Primary Income: Debit (USD mn) 8,751.144 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: CA: Primary Income: Credit (USD mn) 9,890.738 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 54,477.369 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: FA: Direct Investment: Assets (USD mn) 4,746.140 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 10,114.940 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: CA: Primary Income (USD mn) 1,139.594 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: FA: Direct Investment (USD mn) 490.518 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: CA: Goods & Services: Services (USD mn) -16,011.717 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: USD: CA: Goods & Services: Goods (USD mn) 19,465.129 Sep 2024 quarterly Mar 2006 - Sep 2024
IIP: Assets (SAR mn) 5,362,114.700 2023 yearly 2007 - 2023
IIP: Liabilities (SAR mn) 2,492,541.825 2023 yearly 2007 - 2023
International Investment Position (IIP) (SAR mn) 2,869,572.875 2023 yearly 2007 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Sep 2024 quarterly Mar 2009 - Sep 2024
Household Debt: % of GDP (%) 12.1 Sep 2024 quarterly Dec 2003 - Sep 2024
Money Supply M1 (USD mn) 443,477.173 Nov 2024 monthly Jan 1993 - Nov 2024
Money Supply M2 (USD mn) 707,473.500 Nov 2024 monthly Jan 1993 - Nov 2024
M2 Growth (%) 11.4 Nov 2024 monthly Jan 1994 - Nov 2024
Reserve Requirement Ratio (%) 7.0 Nov 2024 monthly Mar 1980 - Nov 2024
Foreign Exchange Reserves (USD mn) 425,952.2 Nov 2024 monthly Jan 2001 - Nov 2024
Foreign Exchange Reserves: % of GDP (%) 39.870 Sep 2024 quarterly Dec 2003 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 23.9 2023 yearly 1957 - 2023
Gold Reserves (USD mn) 432.934 Dec 2024 monthly Dec 1957 - Dec 2024
Total Deposits (USD mn) 725,068.989 Nov 2024 monthly Jan 1993 - Nov 2024
Total Deposits Growth (%) 10.5 Nov 2024 monthly Jan 1994 - Nov 2024
Domestic Credit (USD mn) 279,406.0 Feb 2018 monthly Oct 1983 - Feb 2018
Domestic Credit Growth (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Credit to Households (USD bn) 362.740 Jun 2024 quarterly Mar 1998 - Jun 2024
Credit to Private Non-Financial Sector (USD bn) 836.762 Jun 2024 quarterly Mar 1993 - Jun 2024
Household Debt (USD mn) 131,348.0 Sep 2024 quarterly Mar 1998 - Sep 2024
Total Loans (USD mn) 781,989.412 Nov 2024 monthly Jan 1997 - Nov 2024
Total Loans Growth (%) 13.33 Nov 2024 monthly Jan 1998 - Nov 2024
Private Debt: % of Nominal GDP (%) 67.34 Sep 2024 quarterly Dec 2003 - Sep 2024
Base Money (SAR mn) 405,816.348 Dec 2024 monthly Jan 2000 - Dec 2024
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,945,655.647 Nov 2024 monthly Jan 1993 - Nov 2024
Money Supply: M3: M2: M1 (SAR mn) 1,663,039.398 Nov 2024 monthly Jan 1993 - Nov 2024
Money Supply: M3: M2 (SAR mn) 2,653,025.624 Nov 2024 monthly Jan 1993 - Nov 2024
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 588,303.170 Nov 2024 monthly Jan 2001 - Nov 2024
Official Reserve Assets (SAR mn) 1,639,569.175 Dec 2024 monthly Jan 2001 - Dec 2024
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019
Banks Deposits: Demand: Business and Individuals (SAR mn) 1,128,063.265 Nov 2024 monthly Jan 1993 - Nov 2024
Banks Deposits (SAR mn) 2,719,008.711 Nov 2024 monthly Jan 1993 - Nov 2024
Bank Loans: Consumer (SAR mn) 452,321.357 Jun 2024 quarterly Mar 1998 - Jun 2024

More Indicators for Saudi Arabia

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