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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. 

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

(SAR billions, except percentages)
As at 31 December

 2018
2017
2016
2015
2014
2013
Borrowed during period120.0
139.1
200.1
98
-
-
Repaid during period3.3
12.4
25.8
-
15.9
23.7
Indebtedness outstanding at end of period560.0
443.3
316.6
142.2 
44.3
60.1
Change (%)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 31 December 2018, and as at 31 December 2017, 2016, 2015 and 2014, respectively.

(SAR billions, except percentages)
  As at 31 December

 2018
2017
2016
2015
2014
Autonomous Government institutions84.4
71.9
80.6
97.9
41.2
Commercial banks
220.5
187.6
132.9
44.3
3.0
Investment companies
0.1
-
-
-
-
Total domestic indebtedness(1)305.0
259.5
213.5
142.2
44.3
Net change45.5
46.0
71.2
98.0
(15.9)
New loans-
-
-
-
-
New bonds
48.8
58.5
97.0
98.0
-
Amortisation of bonds
(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 : 3/14/2019 6:51 PM