Domestic credit to private sector in Saudi Arabia
Saudi Arabia: Domestic credit to private sector was 54.0% in 2017. ◆ Volatile
Domestic credit to private sector in Saudi Arabia, 1968–2017
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
In 2017, domestic credit to private sector in Saudi Arabia stood at 54.0%.
The figure is down 7.1% on the previous year and up 45.6% over ten years.
Over the whole period, domestic credit to private sector in Saudi Arabia peaked at 58.1% in 2016 and was at its lowest, 2.8%, in 1974.
Saudi Arabia ranks 82nd of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector in Saudi Arabia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1968 | 7.4% | — |
| 1969 | 8.0% | +8.6% |
| 1970 | 7.1% | -11.5% |
| 1971 | 5.6% | -20.3% |
| 1972 | 4.6% | -19.2% |
| 1973 | 4.3% | -6.2% |
| 1974 | 2.8% | -35.5% |
| 1975 | 4.1% | +48.5% |
| 1976 | 4.4% | +7.1% |
| 1977 | 4.1% | -6.6% |
| 1978 | 5.3% | +29.2% |
| 1979 | 7.1% | +34.8% |
| 1980 | 6.8% | -4.3% |
| 1981 | 6.9% | +2.0% |
| 1982 | 9.5% | +37.6% |
| 1983 | 12.7% | +33.4% |
| 1984 | 14.1% | +11.1% |
| 1985 | 15.9% | +12.4% |
| 1986 | 18.4% | +15.8% |
| 1987 | 18.3% | -0.4% |
| 1988 | 21.3% | +16.4% |
| 1989 | 20.5% | -3.8% |
| 1990 | 14.8% | -27.8% |
| 1991 | 14.9% | +0.3% |
| 1992 | 16.8% | +12.7% |
| 1993 | 20.5% | +22.1% |
| 1994 | 22.4% | +9.2% |
| 1995 | 22.6% | +0.9% |
| 1996 | 20.8% | -7.9% |
| 1997 | 21.5% | +3.4% |
| 1998 | 29.2% | +35.7% |
| 1999 | 26.7% | -8.4% |
| 2000 | 24.2% | -9.4% |
| 2001 | 27.1% | +11.8% |
| 2002 | 28.9% | +6.9% |
| 2003 | 28.2% | -2.5% |
| 2004 | 32.4% | +14.6% |
| 2005 | 35.4% | +9.5% |
| 2006 | 33.7% | -4.8% |
| 2007 | 37.1% | +9.9% |
| 2008 | 37.7% | +1.7% |
| 2009 | 45.6% | +21.1% |
| 2010 | 39.2% | -14.2% |
| 2011 | 34.1% | -12.9% |
| 2012 | 36.3% | +6.6% |
| 2013 | 40.2% | +10.7% |
| 2014 | 44.3% | +10.1% |
| 2015 | 55.9% | +26.3% |
| 2016 | 58.1% | +3.9% |
| 2017 | 54.0% | -7.1% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 54.0% is below the median for high income countries, which is 82.3%, 66% of the median. (61 countries reporting)
- Saudi Arabia's 54.0% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 60.3%, 90% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.7% | 7.4% | 8.0% | 2 |
| 1970s | 4.9% | 2.8% | 7.1% | 10 |
| 1980s | 14.5% | 6.8% | 21.3% | 10 |
| 1990s | 21.0% | 14.8% | 29.2% | 10 |
| 2000s | 33.0% | 24.2% | 45.6% | 10 |
| 2010s | 45.3% | 34.1% | 58.1% | 8 |
Countries ranked near Saudi Arabia
More financial sector data for Saudi Arabia
- Reserve position in the IMF, US dollar, annual growth rate 6.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.38 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.19 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.38 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.42 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector in Saudi Arabia?
- Domestic credit to private sector in Saudi Arabia was 54.0% in 2017, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Saudi Arabia?
- The highest recorded value was 58.1% in 2016.
- What is the lowest domestic credit to private sector recorded in Saudi Arabia?
- The lowest recorded value was 2.8% in 1974.
- How does Saudi Arabia rank for domestic credit to private sector?
- Saudi Arabia ranks 82nd out of 187 countries with data for 2017.
- Is domestic credit to private sector rising or falling in Saudi Arabia?
- Over the last ten years it is up 45.6%. The long-run trend across the full record is volatile.
- Where does this Saudi Arabia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.