Saudi Arabia Consolidated Fiscal Balance: % of GDP

1969 - 2022 | Yearly | % | Ministry of Finance

Key information about Saudi Arabia Consolidated Fiscal Balance: % of GDP

  • Saudi Arabia Consolidated Fiscal Balance registered a surplus equal to 2.5 % of its Nominal GDP in Dec 2022, compared with a deficit equal to 2.3 % in the previous year
  • Saudi Arabia Consolidated Fiscal Balance to GDP data is updated yearly, available from Dec 1969 to Dec 2022, with an average ratio of -2.9 %
  • The data reached an all-time high of 43.2 % in Dec 1973 and a record low of -25.3 % in Dec 1987



Further information about Saudi Arabia Consolidated Fiscal Balance: % of GDP

  • In the latest reports, Saudi Arabia National Government Debt reached 264.0 USD bn in Dec 2022
  • Saudi Arabia Nominal GDP reached 267.9 USD bn in Mar 2023

View Saudi Arabia's Consolidated Fiscal Balance: % of GDP from 1969 to 2022 in the chart:

Saudi Arabia Consolidated Fiscal Balance: % of GDP

What was Saudi Arabia's Consolidated Fiscal Balance: % of GDP in 2022?

Saudi Arabia Consolidated Fiscal Balance registered a surplus equal to 2.5 % of its Nominal GDP in Dec 2022, compared with a deficit equal to 2.3 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.5 2022 -2.3 2021 -25.3 1987 43.2 1973 % yearly 1969 - 2022

Consolidated Fiscal Balance: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) -3.7 2022 yearly 1997 - 2022
Algeria (%) -3.4 2022 yearly 1994 - 2022
Argentina (%) -4.3 Sep 2023 quarterly Dec 2004 - Sep 2023
Armenia (%) -1.9 Dec 2023 quarterly Dec 2002 - Dec 2023
Australia (%) -1.1 Dec 2023 quarterly Jun 2003 - Dec 2023
Austria (%) -3.5 Sep 2023 quarterly Dec 2001 - Sep 2023
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -7.0 2021 yearly 1998 - 2021
Bangladesh (%) -5.1 2023 yearly 2006 - 2023
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -3.9 2022 yearly 1970 - 2022
Bolivia (%) -5.8 2022 yearly 1990 - 2022
Bosnia and Herzegovina (%) 3.9 Sep 2023 quarterly Dec 2008 - Sep 2023
Botswana (%) 2.5 Jun 2023 quarterly Mar 2004 - Jun 2023
Brazil (%) -6.7 Dec 2023 quarterly Dec 1997 - Dec 2023
Brunei (%) 1.3 2022 yearly 2010 - 2022
Bulgaria (%) -3.1 Dec 2023 quarterly Sep 2003 - Dec 2023
Cambodia (%) -0.2 2022 yearly 2007 - 2022
Canada (%) -2.1 Dec 2023 quarterly Jun 1993 - Dec 2023
Chile (%) 1.4 2022 yearly 1990 - 2022
China (%) -4.6 Dec 2023 quarterly Dec 1995 - Dec 2023
Colombia (%) 13.8 Jun 2023 quarterly Dec 2000 - Jun 2023
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 3.2 Sep 2023 quarterly Dec 1995 - Sep 2023
Czech Republic (%) -3.0 Sep 2023 quarterly Dec 1999 - Sep 2023
Denmark (%) 3.3 Sep 2023 quarterly Dec 1999 - Sep 2023
Ecuador (%) -2.9 Sep 2023 quarterly Dec 2000 - Sep 2023
Estonia (%) -2.2 Sep 2023 quarterly Dec 1999 - Sep 2023
European Union (%) -3.3 2022 yearly 1995 - 2022
Finland (%) -1.5 Sep 2023 quarterly Dec 1999 - Sep 2023
France (%) -5.1 Sep 2023 quarterly Dec 1949 - Sep 2023
Georgia (%) -2.0 Sep 2023 quarterly Dec 2006 - Sep 2023
Germany (%) -2.1 Dec 2023 quarterly Dec 1991 - Dec 2023
Ghana (%) -4.6 Jun 2023 quarterly Dec 2008 - Jun 2023
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -6.5 Dec 2023 quarterly Sep 1999 - Dec 2023
Hungary (%) -7.6 Sep 2023 quarterly Dec 1999 - Sep 2023
Iceland (%) -1.5 Jun 2023 quarterly Mar 2002 - Jun 2023
India (%) -6.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Indonesia (%) -1.7 Dec 2023 quarterly Dec 2014 - Dec 2023
Iran (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
Ireland (%) 1.9 Sep 2023 quarterly Dec 2000 - Sep 2023
Israel (%) -4.1 Dec 2023 quarterly Dec 1999 - Dec 2023
Italy (%) -6.7 Sep 2023 quarterly Dec 1999 - Sep 2023
Ivory Coast (%) -5.9 2022 yearly 1960 - 2022
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -0.5 Dec 2023 quarterly Dec 2008 - Dec 2023
Kenya (%) -2.1 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) -2.0 Sep 2023 quarterly Jun 2000 - Sep 2023
Kosovo (%) 0.2 Sep 2023 quarterly Dec 2010 - Sep 2023
Kuwait (%) 11.5 2022 yearly 1988 - 2022
Kyrgyzstan (%) 2.6 Nov 2023 monthly Jan 2007 - Nov 2023
Laos (%) -0.3 2022 yearly 2012 - 2022
Latvia (%) -3.0 Jun 2023 quarterly Dec 1999 - Jun 2023
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -1.1 Sep 2023 quarterly Dec 1999 - Sep 2023
Luxembourg (%) -0.3 2022 yearly 1995 - 2022
Macau SAR, China (%) -5.1 Sep 2023 quarterly Dec 2003 - Sep 2023
North Macedonia (%) -4.5 2022 yearly 1993 - 2022
Malawi (%) -0.4 Jun 2023 monthly Apr 2005 - Jun 2023
Malaysia (%) -6.7 2022 yearly 1970 - 2022
Malta (%) -3.4 Sep 2023 quarterly Dec 2000 - Sep 2023
Mauritius (%) -5.4 Sep 2023 quarterly Dec 2010 - Sep 2023
Mexico (%) -3.3 Dec 2023 quarterly Dec 1980 - Dec 2023
Moldova (%) -3.3 2022 yearly 1998 - 2022
Mongolia (%) 1.1 Dec 2023 quarterly Dec 2000 - Dec 2023
Montenegro (%) -0.5 Sep 2023 quarterly Dec 2012 - Sep 2023
Morocco (%) -11.8 2022 yearly 1980 - 2022
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -7.6 2021 yearly 1986 - 2021
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -0.1 Mar 2023 quarterly Dec 1999 - Mar 2023
New Zealand (%) -0.6 Sep 2023 quarterly Dec 1999 - Sep 2023
Nigeria (%) -4.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Norway (%) 18.7 Sep 2023 quarterly Dec 2002 - Sep 2023
Oman (%) 2.2 Sep 2023 quarterly Dec 2005 - Sep 2023
Pakistan (%) -7.9 2022 yearly 2000 - 2022
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -4.0 2022 yearly 2003 - 2022
Paraguay (%) -0.9 Sep 2023 quarterly Dec 2003 - Sep 2023
Peru (%) -2.8 Dec 2023 quarterly Dec 1990 - Dec 2023
Philippines (%) -6.2 Dec 2023 quarterly Dec 1985 - Dec 2023
Poland (%) -3.7 2022 yearly 1995 - 2022
Portugal (%) 0.5 Sep 2023 quarterly Sep 1999 - Sep 2023
Qatar (%) 5.5 Jun 2023 quarterly Mar 2011 - Jun 2023
Romania (%) -6.2 Sep 2023 quarterly Dec 2004 - Sep 2023
Russia (%) -2.8 Sep 2023 quarterly Dec 1993 - Sep 2023
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -2.2 Dec 2023 quarterly Dec 2005 - Dec 2023
Singapore (%) 1.5 Dec 2023 quarterly Mar 2012 - Dec 2023
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -3.3 Sep 2023 quarterly Dec 2000 - Sep 2023
South Africa (%) -5.8 Sep 2023 quarterly Dec 1990 - Sep 2023
Spain (%) -4.4 Sep 2023 quarterly Dec 1995 - Sep 2023
Sri Lanka (%) -10.5 Sep 2023 quarterly Dec 2014 - Sep 2023
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) 0.7 2022 yearly 1995 - 2022
Switzerland (%) 0.8 2023 yearly 1990 - 2023

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Saudi Arabia Key Series

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Includes 191 key indicators for Saudi Arabia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.5 2022 yearly 1969 - 2022
Consolidated Fiscal Balance (USD mn) -21,585.731 2023 yearly 1969 - 2023
National Government Debt (USD mn) 273,066.7 2023 yearly 2004 - 2023
Government Debt: % of GDP (%) 24.8 Sep 2023 quarterly Dec 2016 - Sep 2023
Forecast: Government Expenditure (SAR bn) 1,344.120 2028 yearly 1990 - 2028
Forecast: Government Net Debt (SAR bn) 806.352 2028 yearly 1991 - 2028
Forecast: Government Revenue (SAR bn) 1,374.230 2028 yearly 1991 - 2028
Public Debt (SAR mn) 87,982.516 2023 yearly 2004 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.415 2028 yearly 1980 - 2028
Trade Balance (USD mn) 111,202.9 2023 yearly 1957 - 2023
Total Exports (USD mn) 26,268.1 Dec 2023 monthly Jan 2015 - Dec 2023
Total Exports Growth (%) -9.7 Dec 2023 monthly Jan 2016 - Dec 2023
Aluminum: Exports (USD th) 3,177,047.652 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 545,269.271 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 22,592.765 2022 yearly 1995 - 2022
Total Imports (USD mn) 16,094.5 Dec 2023 monthly Jan 2005 - Dec 2023
Total Imports Growth (%) -7.1 Dec 2023 monthly Jan 2006 - Dec 2023
Imports: Medicament (USD th) 5,358,995.860 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,078,407.217 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 1,345.368 Dec 2023 monthly Jan 2017 - Dec 2023
Total Imports from USA (USD mn) 1,305.212 Dec 2023 monthly Jan 2005 - Dec 2023
Total Exports to China (USD mn) 3,884.679 Dec 2023 monthly Jan 2017 - Dec 2023
Total Imports from China (USD mn) 3,385.876 Dec 2023 monthly Jan 1981 - Dec 2023
Exports: Value: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
Exports: Value: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - Apr 2018
Exports: Value: Petroleum Products (SAR mn) 125,222.000 2017 yearly 1970 - 2017
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
Exports: ow USA (SAR mn) 5,045.130 Dec 2023 monthly Jan 2017 - Dec 2023
Exports: ow China (SAR mn) 14,567.547 Dec 2023 monthly Jan 2017 - Dec 2023
Exports: Value (SAR mn) 98,505.349 Dec 2023 monthly Jan 2015 - Dec 2023
Exports: India (SAR mn) 8,675.473 Dec 2023 monthly Jan 2017 - Dec 2023
Exports: South Korea (SAR mn) 8,646.712 Dec 2023 monthly Jan 2017 - Dec 2023
Exports: Value: Asia: India (SAR mn) 157,187.346 2022 yearly 1984 - 2022
Imports: HS: Value: MC: Mineral Products (SAR mn) 60,441.675 2023 yearly 1983 - 2023
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 17,042.009 2023 yearly 1970 - 2023
Imports: HS: Value: Foodstuffs (SAR mn) 103,472.691 2023 yearly 1970 - 2023
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 33,729.880 2023 yearly 1970 - 2023
Imports: HS: Value: Transport Equipment (SAR mn) 138,396.368 2023 yearly 1970 - 2023
Imports: Value: European Union: Germany (SAR mn) 30,000.405 2022 yearly 1984 - 2022
Imports: Value: Asia: South Korea (SAR mn) 19,767.343 2022 yearly 1984 - 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 4,968.2 Sep 2023 quarterly Mar 2006 - Sep 2023
Current Account Balance (USD mn) 4,623.3 Sep 2023 quarterly Mar 2006 - Sep 2023
Current Account Balance: % of GDP (%) 1.9 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Direct Investment (USD mn) 2,130.7 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Direct Investment: % of GDP (%) 0.8 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Portfolio Investment (USD mn) 1,690.650 Sep 2023 quarterly Mar 2008 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 0.6 Sep 2023 quarterly Mar 2008 - Sep 2023
Forecast: Current Account Balance (USD bn) 6.924 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 786,058.406 2022 yearly 2007 - 2022
BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 1,074.043 Sep 2023 quarterly Mar 2018 - Sep 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 616.607 Sep 2023 quarterly Mar 2018 - Sep 2023
BoP: USD: FA: Other Investment (USD mn) 485.458 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 4,754.344 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Secondary Income (USD mn) -11,814.294 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 23,560.847 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 1,690.650 Sep 2023 quarterly Mar 2008 - Sep 2023
BoP: USD: Errors and Omissions (USD mn) -1,431.054 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Other Investment: Liabilities (USD mn) 5,275.189 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Reserve Assets (USD mn) -3,715.950 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Other Investment: Assets (USD mn) 5,760.648 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 50,194.672 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Portfolio Investment (USD mn) 3,055.235 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: Financial Account (FA) (USD mn) 1,967.752 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 80,150.973 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Primary Income: Debit (USD mn) 5,224.457 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Primary Income: Credit (USD mn) 7,228.677 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Direct Investment: Assets (USD mn) 4,590.724 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: FA: Direct Investment (USD mn) 2,460.004 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Goods & Services: Services (USD mn) -15,522.906 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Primary Income (USD mn) 2,004.220 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 8,037.941 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: USD: CA: Goods & Services: Goods (USD mn) 29,956.301 Sep 2023 quarterly Mar 2006 - Sep 2023
International Investment Position (IIP) (SAR mn) 2,947,719.023 2022 yearly 2007 - 2022
IIP: Assets (SAR mn) 5,089,341.035 2022 yearly 2007 - 2022
IIP: Liabilities (SAR mn) 2,141,622.012 2022 yearly 2007 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Sep 2023 quarterly Mar 2009 - Sep 2023
Household Debt: % of GDP (%) 11.5 Jun 2023 quarterly Dec 2003 - Jun 2023
Money Supply M1 (USD mn) 407,936.605 Jan 2024 monthly Jan 1993 - Jan 2024
Money Supply M2 (USD mn) 638,422.273 Jan 2024 monthly Jan 1993 - Jan 2024
M2 Growth (%) 10.7 Jan 2024 monthly Jan 1994 - Jan 2024
Reserve Requirement Ratio (%) 7.0 Feb 2024 monthly Mar 1980 - Feb 2024
Foreign Exchange Reserves (USD mn) 414,110.8 Jan 2024 monthly Jan 2001 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 38.475 Jun 2023 quarterly Dec 2003 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 23.4 2023 yearly 1957 - 2023
Gold Reserves (USD mn) 432.934 Feb 2024 monthly Dec 1957 - Feb 2024
Total Deposits (USD mn) 668,973.360 Jan 2024 monthly Jan 1993 - Jan 2024
Total Deposits Growth (%) 10.3 Jan 2024 monthly Jan 1994 - Jan 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) 343.508 Sep 2023 quarterly Mar 1998 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 784.198 Sep 2023 quarterly Mar 1993 - Sep 2023
Household Debt (USD mn) 125,038.9 Dec 2023 quarterly Mar 1998 - Dec 2023
Total Loans (USD mn) 699,126.946 Jan 2024 monthly Jan 1997 - Jan 2024
Total Loans Growth (%) 10.74 Jan 2024 monthly Jan 1998 - Jan 2024
Private Debt: % of Nominal GDP (%) 58.31 Jun 2023 quarterly Dec 2003 - Jun 2023
Base Money (SAR mn) 377,140.243 Jan 2024 monthly Jan 2000 - Jan 2024
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,720,957.098 Jan 2024 monthly Jan 1993 - Jan 2024
Money Supply: M3: M2: M1 (SAR mn) 1,529,762.267 Jan 2024 monthly Jan 1993 - Jan 2024
Money Supply: M3: M2 (SAR mn) 2,394,083.525 Jan 2024 monthly Jan 1993 - Jan 2024
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 563,130.152 Jan 2024 monthly Jan 2001 - Jan 2024
Official Reserve Assets (SAR mn) 1,646,126.250 Jan 2024 monthly Jan 2001 - Jan 2024
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019

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