Saudi Arabia Government Debt: % of GDP

2016 - 2021 | Quarterly | % | CEIC Data

Key information about Saudi Arabia Government Debt: % of GDP

  • Saudi Arabia Government debt accounted for 30.0 % of the country's Nominal GDP in Dec 2021, compared with the ratio of 31.9 % in the previous quarter.
  • Saudi Arabia government debt to GDP ratio data is updated quarterly, available from Dec 2016 to Dec 2021.
  • The data reached an all-time high of 33.9 % in Mar 2021 and a record low of 12.4 % 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 250.1 USD bn in Dec 2021.
  • The country's Nominal GDP reached 227.9 USD bn in Dec 2021.

View Saudi Arabia's Government Debt: % of GDP from Dec 2016 to Dec 2021 in the chart:

Saudi Arabia Government Debt: % of GDP

What was Saudi Arabia's Government Debt: % of GDP in Dec 2021?

Saudi Arabia Government debt accounted for 30.0 % of the country's Nominal GDP in Dec 2021, compared with the ratio of 31.9 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
30.0 Dec 2021 31.9 Sep 2021 12.4 Mar 2017 33.9 Mar 2021 % quarterly Dec 2016 - Dec 2021

Government Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 70.3 Dec 2021 quarterly Sep 2010 - Dec 2021
Algeria (%) 36.4 2018 yearly 1997 - 2018
Argentina (%) 80.0 Dec 2021 quarterly Dec 2004 - Dec 2021
Armenia (%) 63.4 Dec 2021 quarterly Dec 2013 - Dec 2021
Australia (%) 48.0 2021 yearly 1999 - 2021
Austria (%) 82.8 Dec 2021 quarterly Mar 2000 - Dec 2021
Azerbaijan (%) 6.4 2010 yearly 2008 - 2010
Bahrain (%) 98.6 Dec 2021 quarterly Dec 2007 - Dec 2021
Bangladesh (%) 19.2 2021 yearly 2010 - 2021
Belarus (%) 36.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 108.2 Dec 2021 quarterly Dec 1980 - Dec 2021
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 26.3 2020 yearly 2007 - 2020
Botswana (%) 15.3 Dec 2019 quarterly Jun 2014 - Dec 2019
Brazil (%) 78.5 Mar 2022 quarterly Dec 2006 - Mar 2022
Bulgaria (%) 25.1 Dec 2021 quarterly Mar 2007 - Dec 2021
Cambodia (%) 34.1 2020 yearly 2013 - 2020
Canada (%) 73.8 2021 yearly 1962 - 2021
Chile (%) 35.2 Dec 2021 quarterly Mar 2002 - Dec 2021
China (%) 20.3 Dec 2021 quarterly Mar 2014 - Dec 2021
Colombia (%) 64.5 Dec 2021 quarterly Dec 2005 - Dec 2021
Croatia (%) 79.6 Dec 2021 quarterly Dec 1995 - Dec 2021
Cyprus (%) 103.6 Dec 2021 quarterly Dec 2010 - Dec 2021
Czech Republic (%) 41.9 Dec 2021 quarterly Mar 2000 - Dec 2021
Denmark (%) 36.7 Dec 2021 quarterly Mar 2000 - Dec 2021
Ecuador (%) 61.9 Jun 2021 quarterly Dec 2005 - Jun 2021
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 18.1 Dec 2021 quarterly Mar 2000 - Dec 2021
European Union (%) 88.2 Dec 2021 quarterly Mar 2000 - Dec 2021
Finland (%) 65.8 Dec 2021 quarterly Mar 2000 - Dec 2021
France (%) 112.9 Dec 2021 quarterly Dec 1995 - Dec 2021
Georgia (%) 49.4 Dec 2021 quarterly Mar 2006 - Dec 2021
Germany (%) 69.3 Dec 2021 quarterly Mar 2000 - Dec 2021
Ghana (%) 76.1 2020 yearly 2006 - 2020
Greece (%) 193.3 Dec 2021 quarterly Dec 1999 - Dec 2021
Hong Kong SAR, China (%) 46.1 2021 yearly 2003 - 2021
Hungary (%) 74.5 Dec 2021 quarterly Dec 1990 - Dec 2021
Iceland (%) 75.0 2021 yearly 1998 - 2021
India (%) 56.2 Dec 2021 quarterly Mar 2012 - Dec 2021
Indonesia (%) 40.3 Mar 2022 quarterly Jun 2015 - Mar 2022
Iran (%) 11.5 Sep 2021 quarterly Mar 1998 - Sep 2021
Ireland (%) 56.0 Dec 2021 quarterly Mar 2000 - Dec 2021
Israel (%) 67.1 2021 yearly 1995 - 2021
Italy (%) 150.3 Dec 2021 quarterly Dec 1995 - Dec 2021
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 224.8 Dec 2021 quarterly Dec 1994 - Dec 2021
Jordan (%) 89.5 Dec 2021 quarterly Mar 2002 - Dec 2021
Kazakhstan (%) 24.2 Dec 2021 quarterly Mar 2005 - Dec 2021
Kenya (%) 68.2 Sep 2021 quarterly Dec 2009 - Sep 2021
South Korea (%) 45.6 Dec 2021 quarterly Sep 2002 - Dec 2021
Kosovo (%) 23.3 2021 yearly 2009 - 2021
Kuwait (%) 3.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Kyrgyzstan (%) 60.4 Dec 2021 quarterly Mar 2011 - Dec 2021
Latvia (%) 44.8 Dec 2021 quarterly Mar 2000 - Dec 2021
Lebanon (%) 171.0 2019 yearly 1998 - 2019
Lithuania (%) 44.3 Dec 2021 quarterly Mar 2000 - Dec 2021
Luxembourg (%) 24.4 Dec 2021 quarterly Dec 1997 - Dec 2021
North Macedonia (%) 51.8 Dec 2021 quarterly Dec 2009 - Dec 2021
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 63.0 Mar 2022 quarterly Dec 2010 - Mar 2022
Malta (%) 57.0 Dec 2021 quarterly Dec 2000 - Dec 2021
Mauritius (%) 79.0 Mar 2022 quarterly Jun 2003 - Mar 2022
Mexico (%) 50.8 Dec 2021 quarterly Dec 2005 - Dec 2021
Moldova (%) 32.1 Dec 2021 quarterly Mar 2007 - Dec 2021
Montenegro (%) 83.3 Dec 2021 quarterly Dec 2010 - Dec 2021
Morocco (%) 76.4 2020 yearly 1994 - 2020
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 52.1 Dec 2021 quarterly Dec 1999 - Dec 2021
New Zealand (%) 33.6 Dec 2021 quarterly Dec 2006 - Dec 2021
Nigeria (%) 20.2 Dec 2021 quarterly Dec 2010 - Dec 2021
Norway (%) 43.2 2021 yearly 1995 - 2021
Oman (%) 65.9 2020 yearly 1990 - 2020
Pakistan (%) 73.6 2020 yearly 2000 - 2020
Palestinian Territory (%) 79.1 Dec 2021 quarterly Dec 2010 - Dec 2021
Panama (%) 63.7 Dec 2021 quarterly Dec 2007 - Dec 2021
Paraguay (%) 31.3 Dec 2021 quarterly Dec 2014 - Dec 2021
Peru (%) 36.1 Dec 2021 quarterly Mar 1999 - Dec 2021
Philippines (%) 63.5 Mar 2022 quarterly Mar 1993 - Mar 2022
Poland (%) 53.8 Dec 2021 quarterly Dec 2002 - Dec 2021
Portugal (%) 127.0 Mar 2022 quarterly Mar 2000 - Mar 2022
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 48.8 Dec 2021 quarterly Dec 2011 - Dec 2021
Russia (%) 16.0 Dec 2021 quarterly Dec 2011 - Dec 2021
Saudi Arabia (%) 30.0 Dec 2021 quarterly Dec 2016 - Dec 2021
Serbia (%) 56.5 Dec 2021 quarterly Sep 2004 - Dec 2021
Singapore (%) 145.9 Dec 2021 quarterly Mar 1990 - Dec 2021
Slovakia (%) 61.0 Jun 2021 quarterly Mar 2000 - Jun 2021
Slovenia (%) 74.7 Dec 2021 quarterly Dec 1999 - Dec 2021
South Africa (%) 69.1 Dec 2021 quarterly Dec 1960 - Dec 2021
Spain (%) 118.4 Dec 2021 quarterly Mar 1995 - Dec 2021
Sri Lanka (%) 104.6 Dec 2021 quarterly Mar 2014 - Dec 2021
Sweden (%) 36.2 Dec 2021 quarterly Mar 2000 - Dec 2021
Switzerland (%) 24.7 2025 yearly 1990 - 2025
Taiwan (%) 32.6 2020 yearly 1996 - 2020
Tajikistan (%) 39.2 2020 yearly 1999 - 2020
Thailand (%) 53.7 Mar 2022 quarterly Dec 1997 - Mar 2022
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 42.0 Dec 2021 quarterly Dec 2001 - Dec 2021
Ukraine (%) 43.3 Dec 2021 quarterly Dec 2010 - Dec 2021
United Kingdom (%) 102.8 Dec 2021 quarterly Mar 1975 - Dec 2021

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Saudi Arabia Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -11.2 2020 yearly 1969 - 2020
Consolidated Fiscal Balance (USD mn) -37,582.933 2021 yearly 1969 - 2021
National Government Debt (USD mn) 250,136.0 2021 yearly 2004 - 2021
Government Debt: % of GDP (%) 30.0 Dec 2021 quarterly Dec 2016 - Dec 2021
Forecast: Government Expenditure (SAR bn) 1,124.258 2027 yearly 1990 - 2027
Forecast: Government Net Debt (SAR bn) 938.404 2027 yearly 1991 - 2027
Forecast: Government Revenue (SAR bn) 1,314.578 2027 yearly 1991 - 2027
Public Debt (SAR mn) 174,252.500 2020 yearly 2004 - 2020
SA: Revenue: Social Contributions (SAR mn) 0.000 2019 yearly 2010 - 2019
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.305 2026 yearly 1980 - 2026
Trade Balance (USD mn) 123,329.7 2021 yearly 1957 - 2021
Total Exports (USD mn) 28,914.3 Feb 2022 monthly May 2016 - Feb 2022
Total Exports Growth (%) 64.7 Feb 2022 monthly May 2017 - Feb 2022
Aluminum: Exports (USD th) 1,435,718.499 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 382,032.719 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 23,574.476 2020 yearly 1995 - 2020
Total Imports (USD mn) 12,877.1 Feb 2022 monthly Jan 2005 - Feb 2022
Total Imports Growth (%) 18.2 Feb 2022 monthly Jan 2006 - Feb 2022
Imports: Medicament (USD th) 4,160,337.076 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 1,226,033.785 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 1,570.528 Feb 2022 monthly Jan 2017 - Feb 2022
Total Imports from USA (USD mn) 1,258.439 Feb 2022 monthly Jan 2005 - Feb 2022
Total Exports to China (USD mn) 4,938.558 Feb 2022 monthly Jan 2017 - Feb 2022
Total Imports from China (USD mn) 2,936.137 Feb 2022 monthly Jan 1981 - Feb 2022
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
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: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
Exports: ow USA (SAR mn) 5,889.480 Feb 2022 monthly Jan 2017 - Feb 2022
Exports: South Korea (SAR mn) 11,291.800 Feb 2022 monthly Jan 2019 - Feb 2022
Exports: ow China (SAR mn) 18,519.592 Feb 2022 monthly Jan 2017 - Feb 2022
Exports: India (SAR mn) 13,112.918 Feb 2022 monthly Jan 2019 - Feb 2022
Exports: Value: Asia: India (SAR mn) 99,965.866 2021 yearly 1984 - 2021
Exports: Value: North America: USA (SAR mn) 53,516.853 2021 yearly 1984 - 2021
Exports: Value: Asia: Japan (SAR mn) 102,598.276 2021 yearly 1984 - 2021
Exports: Value: Asia: South Korea (SAR mn) 87,342.183 2021 yearly 1984 - 2021
Exports: Value: Asia: China Mainland (SAR mn) 190,911.169 2021 yearly 1984 - 2021
Imports: Harmonized System (HS): Value (SAR mn) 573,185.147 2021 yearly 1952 - 2021
Imports: HS: Value: Foodstuffs (SAR mn) 87,529.443 2021 yearly 1970 - 2021
Imports: HS: Value: Transport Equipment (SAR mn) 86,200.976 2021 yearly 1970 - 2021
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 20,438.683 2021 yearly 1970 - 2021
Imports: HS: Value: MC: Mineral Products (SAR mn) 29,301.234 2021 yearly 1983 - 2021
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 14,433.571 2021 yearly 1970 - 2021
Imports: Value: North America: USA (SAR mn) 60,548.791 2021 yearly 1984 - 2021
Imports: Value: Asia: South Korea (SAR mn) 12,898.789 2021 yearly 1984 - 2021
Imports: Value: Asia: China Mainland (SAR mn) 113,380.856 2021 yearly 1984 - 2021
Imports: Value: European Union: Germany (SAR mn) 28,092.772 2021 yearly 1984 - 2021
Imports: Value: Asia: Japan (SAR mn) 22,732.339 2021 yearly 1984 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 4,808.4 Dec 2021 quarterly Mar 2006 - Dec 2021
Current Account Balance (USD mn) 20,693.5 Dec 2021 quarterly Mar 2006 - Dec 2021
Current Account Balance: % of GDP (%) 9.1 Dec 2021 quarterly Mar 2006 - Dec 2021
Foreign Direct Investment (USD mn) 1,933.3 Dec 2021 quarterly Mar 2006 - Dec 2021
Foreign Direct Investment: % of GDP (%) 0.8 Dec 2021 quarterly Mar 2006 - Dec 2021
Foreign Portfolio Investment (USD mn) -1,413.173 Dec 2021 quarterly Mar 2008 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) -0.6 Dec 2021 quarterly Mar 2008 - Dec 2021
Forecast: Current Account Balance (USD bn) 50.530 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) 595,682.291 2021 yearly 2007 - 2021
BoP: USD: CA: Secondary Income (USD mn) -11,527.062 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: Errors and Omissions (USD mn) -4,363.242 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Primary Income: Credit (USD mn) 7,610.624 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Primary Income (USD mn) 3,375.471 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 24,586.952 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Reserve Assets (USD mn) -10,121.255 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Primary Income: Debit (USD mn) 4,235.154 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Goods & Services: Services (USD mn) -20,710.100 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Other Investment: Assets (USD mn) 11,042.710 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Other Investment: Liabilities (USD mn) 8,308.182 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 85,837.867 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 3,876.851 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Other Investment (USD mn) 2,734.528 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) -1,413.173 Dec 2021 quarterly Mar 2008 - Dec 2021
BoP: USD: Financial Account (FA) (USD mn) 15,910.609 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Direct Investment (USD mn) 2,875.194 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Goods & Services: Goods (USD mn) 49,555.143 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 19,008.969 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Portfolio Investment (USD mn) 20,422.141 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 36,282.724 Dec 2021 quarterly Mar 2006 - Dec 2021
BoP: USD: FA: Direct Investment: Assets (USD mn) 4,808.449 Dec 2021 quarterly Mar 2006 - Dec 2021
IIP: Liabilities (SAR mn) 2,415,258.808 2021 yearly 2007 - 2021
IIP: Assets (SAR mn) 4,649,067.400 2021 yearly 2007 - 2021
International Investment Position (IIP) (SAR mn) 2,233,808.591 2021 yearly 2007 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.0 Sep 2021 quarterly Mar 2009 - Sep 2021
Household Debt: % of GDP (%) 14.3 Dec 2021 quarterly Dec 2003 - Dec 2021
Money Supply M1 (USD mn) 422,449.953 Mar 2022 monthly Jan 1993 - Mar 2022
Money Supply M2 (USD mn) 556,955.518 Mar 2022 monthly Jan 1993 - Mar 2022
M2 Growth (%) 5.9 Mar 2022 monthly Jan 1994 - Mar 2022
Reserve Requirement Ratio (%) 7.0 Apr 2022 monthly Mar 1980 - Apr 2022
Foreign Exchange Reserves (USD mn) 425,781.8 Mar 2022 monthly Jan 2001 - Mar 2022
Foreign Exchange Reserves: % of GDP (%) 51.527 Dec 2021 quarterly Dec 2003 - Dec 2021
Foreign Exchange Reserves: Months of Import (NA) 33.7 2021 yearly 1957 - 2021
Gold Reserves (USD mn) 432.945 Mar 2022 monthly Dec 1957 - Mar 2022
Total Deposits (USD mn) 577,765.167 Mar 2022 monthly Jan 1993 - Mar 2022
Total Deposits Growth (%) 9.4 Mar 2022 monthly Jan 1994 - Mar 2022
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) 128.090 Sep 2021 quarterly Mar 1998 - Sep 2021
Credit to Private Non-Financial Sector (USD bn) 678.595 Sep 2021 quarterly Mar 1993 - Sep 2021
Household Debt (USD mn) 119,437.7 Dec 2021 quarterly Mar 1998 - Dec 2021
Total Loans (USD mn) 574,896.254 Mar 2022 monthly Jan 1997 - Mar 2022
Total Loans Growth (%) 14.77 Mar 2022 monthly Jan 1998 - Mar 2022
Private Debt: % of Nominal GDP (%) 61.01 Dec 2021 quarterly Dec 2003 - Dec 2021
Base Money (SAR mn) 356,544.803 Mar 2022 monthly Jan 2000 - Mar 2022
Money Supply: M3: M2 (SAR mn) 2,088,583.193 Mar 2022 monthly Jan 1993 - Mar 2022
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,371,990.755 Mar 2022 monthly Jan 1993 - Mar 2022
Money Supply: M3: M2: M1 (SAR mn) 1,584,187.325 Mar 2022 monthly Jan 1993 - Mar 2022
Official Reserve Assets (SAR mn) 1,692,599.432 Mar 2022 monthly Jan 2001 - Mar 2022
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 489,775.196 Mar 2022 monthly Jan 2001 - Mar 2022
Banks Deposits (SAR mn) 2,166,619.375 Mar 2022 monthly Jan 1993 - Mar 2022
Banks Deposits: Demand: Business and Individuals (SAR mn) 1,225,740.035 Mar 2022 monthly Jan 1993 - Mar 2022
Bank Loans: Consumer (SAR mn) 428,397.085 Dec 2021 quarterly Mar 1998 - Dec 2021

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