Net incurrence of liabilities, total in Saudi Arabia
Saudi Arabia: Net incurrence of liabilities, total was 3.2% in 2024. ◆ Volatile
Net incurrence of liabilities, total in Saudi Arabia, 2016–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Saudi Arabia is 3.2%, measured in 2024.
That represents a change of up 154.6% on the previous year and down 51.9% over ten years.
Over the whole period, net incurrence of liabilities, total in Saudi Arabia peaked at 7.5% in 2020 and was at its lowest, 1.2%, in 2022.
That places Saudi Arabia 67th out of 136 countries with data for 2024, putting it in the middle of the range.
Net incurrence of liabilities, total in Saudi Arabia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2016 | 6.7% | — |
| 2017 | 4.6% | -32.4% |
| 2018 | 3.4% | -26.1% |
| 2019 | 3.5% | +5.0% |
| 2020 | 7.5% | +112.1% |
| 2021 | 2.5% | -66.4% |
| 2022 | 1.2% | -51.1% |
| 2023 | 1.3% | +3.4% |
| 2024 | 3.2% | +154.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.6% | 3.4% | 6.7% | 4 |
| 2020s | 3.2% | 1.2% | 7.5% | 5 |
Countries ranked near Saudi Arabia
More public sector data for Saudi Arabia
- Arms imports 1.11 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 31.47 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0009 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -14.27 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.11 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,276 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0641 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 3.3 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 80.33 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 602.88 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Saudi Arabia?
- Net incurrence of liabilities, total in Saudi Arabia was 3.2% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Saudi Arabia?
- The highest recorded value was 7.5% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Saudi Arabia?
- The lowest recorded value was 1.2% in 2022.
- How does Saudi Arabia rank for net incurrence of liabilities, total?
- Saudi Arabia ranks 67th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Saudi Arabia?
- Over the last ten years it is down 51.9%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.