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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 December 2019, Saudi Arabia's total outstanding direct indebtedness amounted to SAR 677.9 billion (U.S.$180.8 billion), comprising SAR 372.8 billion (U.S.$99.4 billion) of domestic indebtedness and SAR 305.2 billion (U.S.$81.4 billion) of external indebtedness.

As at end of September 2020, Saudi Arabia's total outstanding direct indebtedness amounted to SAR 847.8 billion (U.S.$226.1 billion), comprising SAR 497.6 billion (U.S.$132.7 billion) of domestic indebtedness and SAR 350.2 billion (U.S.$ 93.4 billion) of external indebtedness. 

The following table sets forth the Government's total outstanding direct indebtedness (external and domestic) as of 31 December 2019, 2018, 2017, 2016, 2015, and 2014, respectively. In addition to September 30, 2020.


SAR billions, except percentages


Q3 2020​
2019
 2018
2017
2016
2015
2014
Borrowed During Period
207.2​120.0
120.0
139.1
200.1
98
-
Repaid During Period
​37.4
2.0
3.3
12.4
25.8
-
15.9
Indebtedness Outstanding at End of Period
847.8
677.9
560.0
443.3
316.6
142.2 
44.3
Change (%)
25.1
21.1
26.3
40.0
122.5
221.4
(26.4) 
GDP* (Nominal)​2,974
2,811​2,934
2,564
2,419
2,454
2,836 
Ratio of Public Debt to Nominal GDP (%)
28.5
24.1​19.1
17.3
13.1
5.8
1.6

*The pre-budget statement estimated 2021 nominal GDP at SAR 2,482bn.

Source: National Debt Management Center, 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 of 31 December 2019, 2018, 2017, 2016, and 2015, respectively. In addition to September 30, 2020

 


Domestic Debt
  
SAR billions, (except percentages)
Q3 2020
​2019
2018
2017
2016
2015
Autonomous Government Institutions193.7
92.0
84.4
71.9
80.6
97.9
Commercial Banks
296.8
274.4
220.5
187.6
132.9
44.3
Investment Companies
3.9
3.9
0.1
-
-
-
Individuals
0.0
0.0
-
-
-
-
Mutual Funds
2.5
1.9
-
-
-
-
Other
0.6
0.5
-
-
-
-
Total Domestic Indebtedness
497.6
372.8
305.0
259.5
213.5
142.2
Net Change124.8
67.8
45.5
46.0
71.2
98.0
New Loans
-
-
-
-
-
-
New Debt Securities 
162.2
69.8
48.8
58.5
97.0
98.0
Repaid During Period
(37.4)
(2.0)
(3.3)
(12.4)
(25.8)
-

Source: National Debt Management Center, Ministry of Finance

Note:   

  • Does not include instruments issued by GACA and guaranteed by the Government.
  • Numbers are subject to rounding
  • The repaid during period includes debt maturities, amortization of bonds/sukuk, and buyback activities​

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Last Update : 12/9/2020 1:20 PM