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Non-Oil GDP Share: 55% 2025 real GDP |Saudi Unemployment: 7.2% Q4 2025 |PIF AUM: $1.21T 2025 actual |FDI Share of GDP: 2.8% Q1 2026 |Female Participation: 33.9% Q1 2026 |Credit Rating: Aa3/A+/A+ Moody's/Fitch/S&P |GDP Growth: 4.5% 2025 actual |Umrah Pilgrims: 18M+ 2025 foreign |Non-Oil GDP Share: 55% 2025 real GDP |Saudi Unemployment: 7.2% Q4 2025 |PIF AUM: $1.21T 2025 actual |FDI Share of GDP: 2.8% Q1 2026 |Female Participation: 33.9% Q1 2026 |Credit Rating: Aa3/A+/A+ Moody's/Fitch/S&P |GDP Growth: 4.5% 2025 actual |Umrah Pilgrims: 18M+ 2025 foreign |

Sovereign-Debt

Saudi Arabia Is Winning Portfolio Capital and Losing Direct Investment

Foreigners put $76.1bn into Saudi securities in 2025 against $32.6bn of direct investment — and in the first quarter of 2026 the ratio reached 4.8 to one. Portfolio money is rented; a factory is not. Two capital accounts, two different countries.

Updated Jul 31, 2026

Saudi Arabia's Debt Is Rising Faster Than Anyone Forecast

Saudi Arabia's central government debt reached SAR1,667bn by March 2026, up SAR148bn in one quarter. The NDMC's own borrowing plan, the maturity wall it discloses and the deficit run-rate together describe a debt-to-GDP path that no published forecast has drawn.

Updated Jul 31, 2026

How to Invest in Saudi Bonds

Practical guide to investing in Saudi bonds and sukuk, covering sovereign issuance, corporate debt, the domestic sukuk market, international bond access, and key considerations for fixed-income investors.

Updated Apr 18, 2026

Saudi Arabia Credit Rating

Overview of Saudi Arabia's sovereign credit ratings from Moody's (Aa3), Fitch (A+), and S&P (A+), all with stable outlooks, and what drives the ratings.

Updated Apr 18, 2026

Saudi Arabia Sovereign Debt

Analysis of Saudi Arabia's sovereign debt profile, debt-to-GDP ratio of ~33%, sukuk market leadership, and fiscal strategy for managing government borrowing.

Updated Apr 18, 2026

Sovereign Credit Ratings — Progress Tracker

Track Saudi Arabia's sovereign credit ratings across Moody's (Aa3), Fitch (A+), and S&P (A+/A-1), reflecting fiscal strength and reform progress.

Updated Apr 18, 2026