Net incurrence of liabilities, total in Saudi Arabia
Saudi Arabia: Net incurrence of liabilities, total was 152.47 billion current LCU in 2024. ▼ Falling
Net incurrence of liabilities, total in Saudi Arabia, 2016–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Saudi Arabia recorded 152.47 billion current LCU for net incurrence of liabilities, total in 2024.
That represents a change of up 162.0% on the previous year and down 12.5% over ten years.
Over the whole period, net incurrence of liabilities, total in Saudi Arabia peaked at 215.93 billion current LCU in 2020 and was at its lowest, 57.22 billion current LCU, in 2022.
Saudi Arabia ranks 52nd of 136 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 132.70 billion current LCU | 111.98 billion current LCU | 174.32 billion current LCU | 4 |
| 2020s | 115.31 billion current LCU | 57.22 billion current LCU | 215.93 billion current LCU | 5 |
Countries ranked near Saudi Arabia
More public sector data for Saudi Arabia
- Arms imports 1.11 billion SIPRI trend indicator values (2024)
- Tax revenue 8.1% (2024)
- Taxes on income, profits and capital gains 2.5% (2024)
- Taxes on goods and services 22.9% (2024)
- Net investment in nonfinancial assets 4.1% (2024)
- Net lending (+) / net borrowing (-) -2.5% (2024)
- Interest payments 3.5% (2024)
- Grants and other revenue 69.8% (2024)
- Interest payments 3.4% (2023)
- Other taxes 2.8% (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Saudi Arabia?
- Net incurrence of liabilities, total in Saudi Arabia was 152.47 billion current LCU 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 215.93 billion current LCU in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Saudi Arabia?
- The lowest recorded value was 57.22 billion current LCU in 2022.
- How does Saudi Arabia rank for net incurrence of liabilities, total?
- Saudi Arabia ranks 52nd 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 12.5%. The long-run trend across the full record is falling.
- 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 (current LCU). Statizoid updates them automatically from the source API.
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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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.