External Debt in Saudi Arabia
Saudi Arabia - External Debt
The economic recovery appears to have gained steam in Q3 following Q2’s strong result, which marked the fastest growth in one-and-a-half years. Oil prices averaged higher in Q3 than in the previous quarter, while oil production increased in the same period as Saudi Arabia tries to fill the output gap left by Iran. As a result, both growth in bank lending and foreign reserves hit a nearly two-year high in August. Moreover, the PMI survey for the non-oil sector suggests a further improvement in Q3. That said, political unrest threatens to derail Saudi Arabia’s economic recovery. The killing of journalist Jamal Khashoggi in the Saudi consulate in Istanbul in October has strained the relationship between the Kingdom and the West. While economic sanctions are not on the cards, the incident threatens the Kingdom’s ambitions to attract foreign capital.Saudi Arabia - External Debt Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 12.3 | 13.1 | 13.8 | 19.8 | - |
Saudi Arabia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.49 | 0.0 % | Jun 23 |
| Exchange Rate | 3.75 | 0.0 % | Nov 15 |
| Stock Market | 0.2 | 1.00 % | Nov 15 |
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Economic News
Saudi Arabia: PMI inches up in October
November 5, 2018
The Purchasing Managers’ Index (PMI) sponsored by Emirates NBD and produced by IHS Markit edged up from 53.4 in September to 53.8 in October.
Saudi Arabia: Oil prices recede in October as market sentiment flips
October 25, 2018
The oil market mood flipped from fears about supply shortages in the wake of the oil sanctions against Iran to concerns over the state of the global economy and increased supply by key oil producers.
Saudi Arabia: Inflation inches up in September
October 24, 2018
Consumer prices fell 0.2% over the previous month in September, following August’s 0.1% decrease.
Saudi Arabia: PMI declines in September
October 3, 2018
The Purchasing Managers’ Index (PMI) sponsored by Emirates NBD and produced by IHS Markit edged down from 55.1 in August to 53.4 in September.
Saudi Arabia: Oil prices hit a nearly four-year high in September on supply concerns
October 1, 2018
Oil prices continued to climb in recent weeks due to fears of a decline in global supply once fresh U.S. sanctions against Iran come into force on 4 November.
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