SubSite Banner

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 December 2020, Saudi Arabia’s total outstanding direct indebtedness amounted to SAR 853.5 billion (U.S.$227.6 billion), comprising SAR 502.6 billion (U.S.$134.0 billion) of domestic indebtedness and SAR 350.9 billion (U.S.$ 93.6 billion) of external indebtedness. 
 
As at end of March 2021, Saudi Arabia’s total outstanding direct indebtedness amounted to SAR 901.3 billion (U.S.$240.4 billion), comprising SAR 513.7 billion (U.S.$137 billion) of domestic indebtedness and SAR 387.6 billion (U.S.$ 103.4 billion) of external indebtedness. 
 
The following table sets forth the Government’s total outstanding direct indebtedness (external and domestic) as of 31 December 2020, 2019, 2018, 2017, 2016 and 2015 respectively. In addition to March 31, 2021.



SAR billions, except percentages




​Q1 2021
​2020​
2019
 2018
2017
2016
2015
2014
Borrowed During Period
50.5​220.0​120.0
120.0
139.1
200.1
98
-
Repaid During Period
2.7​​44.4
2.0
3.3
12.4
25.8
-
15.9
Indebtedness Outstanding at End of Period
​901.3
853.5
677.9
560.0
443.3
316.6
142.2 
44.3
Change (%)
​5.6
25.9
21.1
26.3
40.0
122.5
221.4
(26.4) 
GDP* (Nominal)
​2,625
2,811​2,934
2,564
2,419
2,454
2,836 
Ratio of Public Debt to Nominal GDP (%)
​34.3
32.5
24.1​19.1
17.3
13.1
5.8
1.6

*As per data from General Authority for Statistics.
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 2020, 2019, 2018, 2017, and 2016 respectively. In addition to 31 March, 2021.

 


Domestic Debt


  
SAR billions, (except percentages)
​Q1 2021
2020
​2019
2018
2017
2016
2015
Autonomous Government Institutions193.8​
192.9
92.0
84.4
71.9
80.6
97.9
Commercial Banks
311.3​302.4
274.4
220.5
187.6
132.9
44.3
Investment Companies
3.9​3.9
3.9
0.1
-
-
-
Individuals
0.0​0.0
0.0
-
-
-
-
Mutual Funds
3.4​2.5
1.9
-
-
-
-
Other
​1.3
0.86
0.5
-
-
-
-
Total Domestic Indebtedness
513.7​502.6
372.8
305.0
259.5
213.5
142.2
Net Change11.1​129.9
67.8
45.5
46.0
71.2
98.0
New Loans
-​11.0
-
-
-
-
-
New Debt Securities 
13.8​163.3
69.8
48.8
58.5
97.0
98.0
Repaid During Period
​(2.7)
(44.4)
(2.0)
(3.3)
(12.4)
(25.8)
-
  • *Related to Supply Chain Financing announced end of 2020.
     
    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​







captcha Image
 
Last Update : 8/3/2021 5:36 PM