Total Government Debt for General Government for Saudi Arabia
SAUGGDGDPGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.57
Year-over-Year Change
1337.08%
Date Range
1/1/2000 - 1/1/2025
Summary
The 'Total Government Debt for General Government for Saudi Arabia' series measures the overall debt obligations of the Saudi Arabian government as a percentage of its gross domestic product (GDP).
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
This economic indicator provides insight into the fiscal health and sustainability of the Saudi government's finances. It is closely monitored by economists, policymakers, and investors to assess the country's economic stability and debt management.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF).
Historical Context
Governments use this metric to guide fiscal and monetary policies.
Key Facts
- Saudi Arabia's government debt-to-GDP ratio was 31.1% in 2021.
- The government debt ratio peaked at 34.1% in 2020 due to the COVID-19 pandemic.
- Saudi Arabia aims to reduce its government debt to 30% of GDP by 2023.
FAQs
Q: What does this economic trend measure?
A: The 'Total Government Debt for General Government for Saudi Arabia' series measures the total debt obligations of the Saudi Arabian government as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and investors to assess the fiscal health and sustainability of the Saudi government's finances, which is crucial for evaluating the country's economic stability and debt management.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Governments use this metric to guide their fiscal and monetary policies, as it provides insights into the country's debt levels and the sustainability of its public finances.
Q: Are there update delays or limitations?
A: The data is typically published on an annual basis by the IMF, with some potential for delays in the release of the latest figures.
Related Trends
Value of Exports to Saudi Arabia from Wisconsin
WISAUA052SCEN
Value of Exports to Saudi Arabia from Alabama
ALSAUA052SCEN
Value of Exports to Saudi Arabia from North Carolina
NCSAUA052SCEN
Value of Exports to Saudi Arabia from Idaho
IDSAUA052SCEN
Gross Domestic Product in Current Prices for Saudi Arabia
SAUNGDPDUSD
Value of Exports to Saudi Arabia from Indiana
INSAUA052SCEN
Citation
U.S. Federal Reserve, Total Government Debt for General Government for Saudi Arabia (SAUGGDGDPGDPPT), retrieved from FRED.