External Debt in Saudi Arabia

Saudi Arabia External Debt | Economic News & Forecasts

Saudi Arabia - External Debt

Economic growth likely strengthened in recent months due to a combination of higher oil prices and increased oil production. The Saudi oil industry has ramped up production to pump more than 11 million barrels per day since May, filling the gap left by other key producers in recent months. Against this backdrop, international reserves hovered above USD 500 billion in the April–July period, while credit growth accelerated to an over one-year high in July. Despite the improvement in the oil market, business conditions in the non-oil sector remained relatively weak compared to the previous year. Moreover, the Saudi government indefinitely postponed the long-awaited privatization of Aramco, which has called into question Crown Prince Mohammed bin Salman’s 2030 Vision to diversify the economy.

Saudi Arabia - External Debt Data

2013  2014  2015  2016  2017  
External Debt (% of GDP)12.3  13.1  13.8  19.8  -     

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Saudi Arabia Facts

ValueChangeDate
Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %Sep 20
Stock Market0.21.00 %Sep 19

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