Saudi Arabia Government Debt: % of GDP

2016 - 2023 | Quarterly | % | CEIC Data

Key information about Saudi Arabia Government Debt: % of GDP

  • Saudi Arabia Government debt accounted for 24.3 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 23.0 % in the previous quarter.
  • Saudi Arabia government debt to GDP ratio data is updated quarterly, available from Dec 2016 to Jun 2023.
  • 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 264.0 USD bn in Dec 2022.
  • 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 Jun 2023 in the chart:

Saudi Arabia Government Debt: % of GDP

What was Saudi Arabia's Government Debt: % of GDP in Jun 2023?

Saudi Arabia Government debt accounted for 24.3 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 23.0 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
24.3 Jun 2023 23.0 Mar 2023 12.0 Mar 2017 32.5 Mar 2021 % quarterly Dec 2016 - Jun 2023

Government Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 61.2 Jun 2023 quarterly Sep 2010 - Jun 2023
Algeria (%) 62.1 2021 yearly 1997 - 2021
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 47.5 Jun 2023 quarterly Dec 2013 - Jun 2023
Australia (%) 42.3 2022 yearly 1999 - 2022
Austria (%) 78.6 Jun 2023 quarterly Mar 2000 - Jun 2023
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 85.2 Mar 2023 quarterly Dec 2007 - Mar 2023
Bangladesh (%) 24.1 2023 yearly 2010 - 2023
Belarus (%) 36.1 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 106.0 Jun 2023 quarterly Dec 1980 - Jun 2023
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 24.4 2021 yearly 2007 - 2021
Botswana (%) 17.9 Dec 2021 quarterly Jun 2014 - Dec 2021
Brazil (%) 74.4 Sep 2023 quarterly Dec 2006 - Sep 2023
Bulgaria (%) 21.5 Jun 2023 quarterly Mar 2007 - Jun 2023
Cambodia (%) 33.7 2022 yearly 2013 - 2022
Canada (%) 68.6 2023 yearly 1962 - 2023
Chile (%) 37.1 Jun 2023 quarterly Mar 2002 - Jun 2023
China (%) 21.5 Jun 2023 quarterly Mar 2014 - Jun 2023
Colombia (%) 61.3 Mar 2023 quarterly Dec 2005 - Mar 2023
Croatia (%) 68.8 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 85.3 Jun 2023 quarterly Dec 2010 - Jun 2023
Czech Republic (%) 44.3 Jun 2023 quarterly Mar 2000 - Jun 2023
Denmark (%) 30.2 Jun 2023 quarterly Mar 2000 - Jun 2023
Ecuador (%) 64.1 Jun 2023 quarterly Dec 2005 - Jun 2023
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 18.5 Jun 2023 quarterly Mar 2000 - Jun 2023
European Union (%) 83.1 Jun 2023 quarterly Mar 2000 - Jun 2023
Finland (%) 74.6 Jun 2023 quarterly Mar 2000 - Jun 2023
France (%) 111.8 Jun 2023 quarterly Dec 1995 - Jun 2023
Georgia (%) 38.3 Jun 2023 quarterly Mar 2006 - Jun 2023
Germany (%) 64.6 Jun 2023 quarterly Mar 2000 - Jun 2023
Ghana (%) 70.7 2022 yearly 2006 - 2022
Greece (%) 166.5 Jun 2023 quarterly Dec 1999 - Jun 2023
Hong Kong SAR, China (%) 47.6 2022 yearly 2003 - 2022
Hungary (%) 71.7 Jun 2023 quarterly Dec 1990 - Jun 2023
Iceland (%) 68.7 2022 yearly 1998 - 2022
India (%) 58.3 Jun 2023 quarterly Mar 2012 - Jun 2023
Indonesia (%) 38.1 Sep 2023 quarterly Jun 2015 - Sep 2023
Iran (%) 8.9 Mar 2023 quarterly Mar 1998 - Mar 2023
Ireland (%) 43.1 Jun 2023 quarterly Mar 2000 - Jun 2023
Israel (%) 67.1 2021 yearly 1995 - 2021
Italy (%) 142.4 Jun 2023 quarterly Dec 1995 - Jun 2023
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 220.6 Sep 2023 quarterly Dec 1994 - Sep 2023
Jordan (%) 88.5 Jun 2023 quarterly Mar 2002 - Jun 2023
Kazakhstan (%) 23.2 Jun 2023 quarterly Mar 2005 - Jun 2023
Kenya (%) 68.3 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) 49.7 Jun 2023 quarterly Sep 2002 - Jun 2023
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 3.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Kyrgyzstan (%) 46.9 Sep 2023 quarterly Mar 2011 - Sep 2023
Latvia (%) 39.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 38.1 Jun 2023 quarterly Mar 2000 - Jun 2023
Luxembourg (%) 28.2 Jun 2023 quarterly Dec 1997 - Jun 2023
North Macedonia (%) 53.2 Jun 2023 quarterly Dec 2009 - Jun 2023
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 63.3 Jun 2023 quarterly Dec 2010 - Jun 2023
Malta (%) 50.7 Jun 2023 quarterly Dec 2000 - Jun 2023
Mauritius (%) 69.2 Jun 2023 quarterly Jun 2003 - Jun 2023
Mexico (%) 53.3 Jun 2023 quarterly Dec 2005 - Jun 2023
Moldova (%) 35.0 Jun 2023 quarterly Mar 2007 - Jun 2023
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 63.1 Jun 2023 quarterly Dec 2010 - Jun 2023
Morocco (%) 71.6 2022 yearly 1994 - 2022
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 46.9 Jun 2023 quarterly Dec 1999 - Jun 2023
New Zealand (%) 34.3 Jun 2023 quarterly Dec 2006 - Jun 2023
Nigeria (%) 38.4 Jun 2023 quarterly Dec 2010 - Jun 2023
Norway (%) 37.4 2022 yearly 1995 - 2022
Oman (%) 40.2 2022 yearly 1990 - 2022
Pakistan (%) 71.6 2022 yearly 2000 - 2022
Palestinian Territory (%) 78.4 Jun 2023 quarterly Dec 2010 - Jun 2023
Panama (%) 62.3 Sep 2022 quarterly Dec 2007 - Sep 2022
Paraguay (%) 32.9 Jun 2023 quarterly Dec 2014 - Jun 2023
Peru (%) 32.2 Jun 2023 quarterly Mar 1999 - Jun 2023
Philippines (%) 60.2 Sep 2023 quarterly Mar 1993 - Sep 2023
Poland (%) 48.4 Jun 2023 quarterly Dec 2002 - Jun 2023
Portugal (%) 107.5 Sep 2023 quarterly Dec 1995 - Sep 2023
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 48.2 Jun 2023 quarterly Dec 2011 - Jun 2023
Russia (%) 16.1 Jun 2023 quarterly Dec 2011 - Jun 2023
Saudi Arabia (%) 24.3 Jun 2023 quarterly Dec 2016 - Jun 2023
Serbia (%) 55.6 Jun 2023 quarterly Sep 2004 - Jun 2023
Singapore (%) 171.1 Jun 2023 quarterly Mar 1990 - Jun 2023
Slovakia (%) 59.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Slovenia (%) 70.5 Jun 2023 quarterly Dec 1999 - Jun 2023
South Africa (%) 72.7 Jun 2023 quarterly Dec 1960 - Jun 2023
Spain (%) 111.2 Jun 2023 quarterly Mar 1995 - Jun 2023
Sri Lanka (%) 101.1 Jun 2023 quarterly Mar 2014 - Jun 2023
Sweden (%) 29.8 Jun 2023 quarterly Mar 1996 - Jun 2023
Switzerland (%) 25.1 2026 yearly 1990 - 2026
Taiwan (%) 29.7 2022 yearly 1996 - 2022
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 53.9 Jun 2023 quarterly Dec 1997 - Jun 2023
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 34.0 Jun 2023 quarterly Dec 2001 - Jun 2023
Ukraine (%) 71.6 Dec 2022 quarterly Dec 2010 - Dec 2022

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Saudi Arabia Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.5 2022 yearly 1969 - 2022
Consolidated Fiscal Balance (USD mn) 27,694.667 2022 yearly 1969 - 2022
National Government Debt (USD mn) 264,022.3 2022 yearly 2004 - 2022
Government Debt: % of GDP (%) 24.3 Jun 2023 quarterly Dec 2016 - Jun 2023
Forecast: Government Expenditure (SAR bn) 1,344.123 2028 yearly 1990 - 2028
Forecast: Government Net Debt (SAR bn) 806.352 2028 yearly 1991 - 2028
Forecast: Government Revenue (SAR bn) 1,374.229 2028 yearly 1991 - 2028
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.415 2028 yearly 1980 - 2028
Trade Balance (USD mn) 221,307.4 2022 yearly 1957 - 2022
Total Exports (USD mn) 27,296.0 Aug 2023 monthly Jan 2015 - Aug 2023
Total Exports Growth (%) -23.4 Aug 2023 monthly Jan 2016 - Aug 2023
Aluminum: Exports (USD th) 3,144,235.292 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) 16,403.2 Aug 2023 monthly Jan 2005 - Aug 2023
Total Imports Growth (%) -3.6 Aug 2023 monthly Jan 2006 - Aug 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) 1,652.935 Aug 2023 monthly Jan 2017 - Aug 2023
Total Imports from USA (USD mn) 1,586.928 Aug 2023 monthly Jan 2005 - Aug 2023
Total Exports to China (USD mn) 3,657.422 Aug 2023 monthly Jan 2017 - Aug 2023
Total Imports from China (USD mn) 3,159.441 Aug 2023 monthly Jan 1981 - Aug 2023
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) 6,198.505 Aug 2023 monthly Jan 2017 - Aug 2023
Exports: ow China (SAR mn) 13,715.332 Aug 2023 monthly Jan 2017 - Aug 2023
Exports: India (SAR mn) 9,143.981 Aug 2023 monthly Jan 2017 - Aug 2023
Exports: South Korea (SAR mn) 8,470.249 Aug 2023 monthly Jan 2017 - Aug 2023
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 19,501.133 2022 yearly 1970 - 2022
Imports: HS: Value: Foodstuffs (SAR mn) 112,047.733 2022 yearly 1970 - 2022
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 27,956.980 2022 yearly 1970 - 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 4,891.9 Jun 2023 quarterly Mar 2006 - Jun 2023
Current Account Balance (USD mn) 15,262.2 Jun 2023 quarterly Mar 2006 - Jun 2023
Current Account Balance: % of GDP (%) 5.9 Jun 2023 quarterly Mar 2006 - Jun 2023
Foreign Direct Investment (USD mn) 1,650.1 Jun 2023 quarterly Mar 2006 - Jun 2023
Foreign Direct Investment: % of GDP (%) 0.6 Jun 2023 quarterly Mar 2006 - Jun 2023
Foreign Portfolio Investment (USD mn) 8,451.593 Jun 2023 quarterly Mar 2008 - Jun 2023
Foreign Portfolio Investment: % of GDP (%) 3.2 Jun 2023 quarterly Mar 2008 - Jun 2023
Forecast: Current Account Balance (USD bn) -13.170 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 706,748.647 2022 yearly 2007 - 2022
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 6,850.209 Jun 2023 quarterly Mar 2018 - Jun 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 1,601.384 Jun 2023 quarterly Mar 2018 - Jun 2023
BoP: USD: FA: Other Investment (USD mn) -1,230.023 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Other Investment: Assets (USD mn) 9,613.975 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Secondary Income (USD mn) -11,653.470 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 8,451.593 Jun 2023 quarterly Mar 2008 - Jun 2023
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 23,839.027 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Portfolio Investment (USD mn) 4,919.384 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Other Investment: Liabilities (USD mn) 10,843.998 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Reserve Assets (USD mn) 4,526.044 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: Errors and Omissions (USD mn) -2,782.787 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 78,589.163 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: Financial Account (FA) (USD mn) 11,457.290 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 47,700.451 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Primary Income: Debit (USD mn) 5,541.490 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Direct Investment (USD mn) 3,241.885 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Primary Income: Credit (USD mn) 9,799.885 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 15,607.600 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Direct Investment: Assets (USD mn) 4,891.941 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Services (USD mn) -8,231.427 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Primary Income (USD mn) 4,258.395 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: CA: Goods & Services: Goods (USD mn) 30,888.713 Jun 2023 quarterly Mar 2006 - Jun 2023
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 13,370.977 Jun 2023 quarterly Mar 2006 - Jun 2023
IIP: Assets (SAR mn) 5,048,345.875 2022 yearly 2007 - 2022
International Investment Position (IIP) (SAR mn) 2,650,307.427 2022 yearly 2007 - 2022
IIP: Liabilities (SAR mn) 2,398,038.448 2022 yearly 2007 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Jun 2023 quarterly Mar 2009 - Jun 2023
Household Debt: % of GDP (%) 11.5 Jun 2023 quarterly Dec 2003 - Jun 2023
Money Supply M1 (USD mn) 410,232.388 Sep 2023 monthly Jan 1993 - Sep 2023
Money Supply M2 (USD mn) 626,582.324 Sep 2023 monthly Jan 1993 - Sep 2023
M2 Growth (%) 9.8 Sep 2023 monthly Jan 1994 - Sep 2023
Reserve Requirement Ratio (%) 7.0 Sep 2023 monthly Mar 1980 - Sep 2023
Foreign Exchange Reserves (USD mn) 414,806.9 Sep 2023 monthly Jan 2001 - Sep 2023
Foreign Exchange Reserves: % of GDP (%) 38.475 Jun 2023 quarterly Dec 2003 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 27.5 2022 yearly 1957 - 2022
Gold Reserves (USD mn) 432.945 Sep 2023 monthly Dec 1957 - Sep 2023
Total Deposits (USD mn) 654,759.519 Sep 2023 monthly Jan 1993 - Sep 2023
Total Deposits Growth (%) 8.3 Sep 2023 monthly Jan 1994 - Sep 2023
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) 141.539 Mar 2023 quarterly Mar 1998 - Mar 2023
Credit to Private Non-Financial Sector (USD bn) 784.520 Mar 2023 quarterly Mar 1993 - Mar 2023
Household Debt (USD mn) 125,584.7 Sep 2023 quarterly Mar 1998 - Sep 2023
Total Loans (USD mn) 678,360.394 Sep 2023 monthly Jan 1997 - Sep 2023
Total Loans Growth (%) 9.86 Sep 2023 monthly Jan 1998 - Sep 2023
Private Debt: % of Nominal GDP (%) 58.31 Jun 2023 quarterly Dec 2003 - Jun 2023
Base Money (SAR mn) 373,326.620 Sep 2023 monthly Jan 2000 - Sep 2023
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,663,325.825 Sep 2023 monthly Jan 1993 - Sep 2023
Money Supply: M3: M2 (SAR mn) 2,349,683.715 Sep 2023 monthly Jan 1993 - Sep 2023
Money Supply: M3: M2: M1 (SAR mn) 1,538,371.455 Sep 2023 monthly Jan 1993 - Sep 2023
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 573,515.627 Sep 2023 monthly Jan 2001 - Sep 2023
Official Reserve Assets (SAR mn) 1,597,390.744 Oct 2023 monthly Jan 2001 - Oct 2023
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019

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