Kuwait vs Saudi Arabia

Kuwait vs Saudi Arabia: Government debt

Government debt: 2.9% of GDP in Kuwait in 2024 and 31.8% of GDP in Saudi Arabia in 2025, by IMF estimates. In 2024 the value was higher in Saudi Arabia, by 22.9 percentage points, or 8.88 times that in Kuwait.

% of GDP · IMF

Kuwait vs Saudi Arabia: Government debtGovernment debt: 2.9% of GDP in Kuwait in 2024 and 31.8% of GDP in Saudi Arabia in 2025, by IMF estimates. In 2024 the value was higher in Saudi Arabia, by 22.9 percentage points, or 8.88 times that in Kuwait.
KuwaitSaudi ArabiaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Saudi Arabia has been higher since 2018, when it overtook Kuwait.
  • The IMF projection (World Economic Outlook, October 2026) puts Kuwait at 37.8% of GDP and Saudi Arabia at 48.7% of GDP in 2031.

Every year

% of GDP · IMF

YearKuwaitSaudi Arabia
202514.731.8
20242.925.9
20233.123
2022321.3
20217.225.5
202010.229.7
201910.520.3
201814.316.8
201719.616
20169.912.3
20154.65.5
20143.41.5
20133.12.1
20123.63
20114.65.3
20106.28.4
20096.714
20085.412.1
2007717.1
20067.825.8
200510.237.3
200413.962.9
200317.381.6
200221.396.4
20012393.2
200021.486.7
199925.5103
199825.6101.5
199724.376.7
199626.575.2
199534.974.3
199437.767.9
199328.858.6
199227.947.8
199145.339.4
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearKuwaitSaudi Arabia
202626.635.4
202728.537.3
202831.840.2
202934.743.1
203036.545.9
203137.848.7

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Kuwait vs Saudi Arabia

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