Total External Debt for Saudi Arabia
SAUDGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.79
Year-over-Year Change
510.43%
Date Range
1/1/2000 - 1/1/2025
Summary
The 'Total External Debt for Saudi Arabia' measures the total outstanding debt owed by the Saudi government and residents to foreign lenders. This metric is critical for assessing Saudi Arabia's financial stability and creditworthiness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Total external debt represents the sum of public and private debt owed to non-Saudi creditors, including government borrowing, corporate bonds, bank loans, and other liabilities. Economists monitor this figure to gauge Saudi Arabia's level of international financial integration and susceptibility to external shocks.
Methodology
The data is collected and reported by the Saudi Arabian Monetary Authority (SAMA).
Historical Context
Policymakers and investors closely track Saudi Arabia's external debt levels to evaluate the government's fiscal management and the broader economy's vulnerability to exchange rate movements or capital flight.
Key Facts
- Saudi Arabia's total external debt stood at 34.3% of GDP in 2021.
- External debt has risen from 13.4% of GDP in 2014 to a peak of 36.8% in 2020.
- The government accounts for about 60% of Saudi Arabia's total external debt.
FAQs
Q: What does this economic trend measure?
A: The 'Total External Debt for Saudi Arabia' metric measures the total outstanding debt owed by the Saudi government and residents to foreign creditors.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing Saudi Arabia's financial stability, creditworthiness, and vulnerability to external shocks, making it a key indicator for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Saudi Arabian Monetary Authority (SAMA).
Q: How is this trend used in economic policy?
A: Policymakers and investors closely track Saudi Arabia's external debt levels to evaluate the government's fiscal management and the broader economy's vulnerability to exchange rate movements or capital flight.
Q: Are there update delays or limitations?
A: The data is reported with a slight delay, and there may be some limitations in capturing all private sector external debt.
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Citation
U.S. Federal Reserve, Total External Debt for Saudi Arabia (SAUDGDPGDPPT), retrieved from FRED.