General government gross debt for Saudi Arabia
GGGDTASAA188N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.87
Year-over-Year Change
891.83%
Date Range
1/1/1991 - 1/1/2024
Summary
The General government gross debt for Saudi Arabia is a key indicator of the country's fiscal health and its ability to repay its obligations. It is closely monitored by economists and policymakers to assess economic stability and growth prospects.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric represents the total debt owed by the Saudi Arabian government, including both internal and external obligations. It is a comprehensive measure of the government's overall indebtedness and is used to evaluate the sustainability of the country's fiscal policies.
Methodology
The data is collected and reported by the International Monetary Fund (IMF).
Historical Context
Monitoring government debt levels is crucial for assessing the risk of default and informing economic policy decisions.
Key Facts
- Saudi Arabia's government debt was 32.5% of GDP in 2021.
- The debt-to-GDP ratio has increased from 16.2% in 2014.
- High government debt can limit a country's ability to respond to economic shocks.
FAQs
Q: What does this economic trend measure?
A: The General government gross debt for Saudi Arabia measures the total debt owed by the Saudi Arabian government, including both internal and external obligations.
Q: Why is this trend relevant for users or analysts?
A: Monitoring government debt levels is crucial for assessing a country's fiscal health, risk of default, and the sustainability of its economic policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the sustainability of a country's fiscal policies and inform decision-making on economic stability and growth.
Q: Are there update delays or limitations?
A: The data is published by the IMF, and there may be some delay in the availability of the most recent figures.
Related Trends
Number of Identified Exporters to Saudi Arabia from North Carolina
NCSAUA475SCEN
Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Saudi Arabia
SAUFCDODCHPENUM
Nominal Imports of Services for Saudi Arabia
NMSNSAXDCSAQ
Value of Exports to Saudi Arabia from Maine
MESAUA052SCEN
Percentage of Foreign Banks Among Total Banks for Saudi Arabia
DDOI13SAA156NWDB
Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for Saudi Arabia
SAUFCAOFINUM
Citation
U.S. Federal Reserve, General government gross debt for Saudi Arabia (GGGDTASAA188N), retrieved from FRED.