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Statistics

 Indebtedness

 As at 31 December 2015, the Government’s total outstanding direct indebtedness amounted to SAR 142.2 billion (U.S.$37.9 billion), which entirely comprised domestic indebtedness and which represented 5.8 per cent. of Saudi Arabia’s nominal GDP for the year ended 31 December 2015.
As at 31 December 2016, Saudi Arabia’s total outstanding direct indebtedness amounted to SAR 316.6 billion (U.S.$84.4 billion), comprising SAR 213.5 billion (U.S.$56.9 billion) of domestic indebtedness and SAR 103.1 billion (U.S.$27.5 billion) of external indebtedness. 

As at 31 December 2017, Saudi Arabia’s total outstanding direct indebtedness amounted to SAR 443.3 billion (U.S.$118.2 billion), comprising SAR 259.5 billion (U.S.$69.2 billion) of domestic indebtedness and SAR 183.8 billion (U.S.$49.0 billion) of external indebtedness.

As at 31 December 2018, Saudi Arabia’s total outstanding direct indebtedness amounted to SAR 560.0 billion (U.S.$149.3 billion), comprising SAR 305.0 billion (U.S.$81.3 billion) of domestic indebtedness and SAR 255.0 billion (U.S.$68.0 billion) of external indebtedness. 

As at 30 June 2019, Saudi Arabia’s total outstanding direct indebtedness amounted to SAR 627.8 billion (U.S.$167.4 billion), comprising SAR 344.7 billion (U.S.$91.9 billion) of domestic indebtedness and SAR 283.1 billion (U.S.$75.5 billion) of external indebtedness. 


The following table sets forth the Government’s total outstanding direct indebtedness (external and domestic) as at 30 June 2019 and as at 31 December 2018, 2017, 2016, 2015, 2014 and 2013, respectively.


(SAR billions, except percentages)
As at 31 December

​H1 2019
 2018
2017
2016
2015
2014
2013
Borrowed during period67.9​120.0
139.1
200.1
98
-
-
Repaid during period​0.0
3.3
12.4
25.8
-
15.9
23.7
Indebtedness outstanding at end of period627.8​560.0
443.3
316.6
142.2 
44.3
60.1
Change (%)12.1​26.3
40.0
122.5
221.4
(26.4) 
(28.3)
GDP (Nominal)-​(1)2,934.3
2،564.4
2،418.5
2,453.5
2,836.3 
2,799.9
Ratio of public debt to nominal GDP (%))
-​19.1
17.3
13.1
5.8
1.6
2.1
Source: Debt Management Office, Ministry of Finance 

The following table sets forth a breakdown of the Government’s outstanding direct domestic borrowing (excluding debt of Government-related entities) by creditor type, as at 30 June 2019, and as at 31 December 2018, 2017, 2016, 2015 and 2014, respectively.

(SAR billions, except percentages)
  As at 31 December

H1 2019
2018
2017
2016
2015
2014
Autonomous Government institutions90.2
84.4
71.9
80.6
97.9
41.2
Commercial banks
249.1
220.5
187.6
132.9
44.3
3.0
Investment companies
3.9
0.1
-
-
-
-
Individuals
0.0
-
-
-
-
-
Mutual Funds
1.1
-
-
-
-
-
Other
0.3
-
-
-
-
-
Total domestic indebtedness(1)344.7
305.0
259.5
213.5
142.2
44.3
Net change39.7
45.5
46.0
71.2
98.0
(15.9)
New loans-
-
-
-
-
-
New bonds
39.7
48.8
58.5
97.0
98.0
-
Amortisation of bonds
0.0
(3.3)
(12.4)
(25.8)
-
(15.9)

Source: Debt Management Office, Ministry of Finance
Note:
Does not include instruments issued by GACA and guaranteed by the Government.

Numbers are subject to rounding 

(1) Source: GASTAT (preliminary data) 


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Last Update : 8/5/2019 2:00 PM