External Debt in Saudi Arabia

Saudi Arabia External Debt | Economic News & Forecasts

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  -     

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Saudi Arabia Facts

ValueChangeDate
Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %Nov 15
Stock Market0.21.00 %Nov 15

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