Makrognosis

Saudi Arabia Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:SA

Model score66 / 1009 Nov 2026
Grade equivalentBBB+model-implied
BandInvestment grade0–100 scale, 100 = strongest
Rank39th of 84economies scored

Makrognosis sovereign credit model scores Saudi Arabia at 66 out of 100 as of 9 November 2026, equivalent to BBB+ on the familiar letter scale — investment grade.

The score is unchanged from the previous assessment on 1 October 2026.

That places Saudi Arabia 39th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 31.7% of GDP, a fiscal balance of −4.9% of GDP, a current account balance of −2.6% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Saudi Arabia sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 20266668707274Robomacro
Saudi Arabia sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202666.5BBB+
1 October 202666.5BBB+
31 July 202666.5BBB+
30 July 202668.1A-
26 July 202673.3A
21 June 202673.7A
18 June 202668.8A-
Get the Saudi Arabia sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/SA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/SA",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Saudi Arabia, from official national and international statistics.

InputValueVintage
GDP per capitaUS$34,5372026
Real GDP growth, 5-year average5.3%2026
Inflation, recent average1.8%2026
Government debt31.7% of GDP2026
Fiscal balance−4.9% of GDP2026
Current account balance−2.6% of GDP2026
Foreign-exchange reserves15.6 months of imports2026
Governance (World Bank WGI composite)0.1442026

How Saudi Arabia compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
34Qatar9 Nov 202669
35Taiwan9 Nov 202668
36United Arab Emirates9 Nov 202668
37Malaysia9 Nov 202667
38Bahamas9 Nov 202667
39Saudi Arabia9 Nov 202666
40Oman9 Nov 202665
41South Africa9 Nov 202664
42Grenada9 Nov 202663
43Greece9 Nov 202663
44Indonesia9 Nov 202661
45Kuwait9 Nov 202660

All 84 economies ranked →

Saudi Arabia economic indicators

Saudi Arabia GDP (Gross Domestic Product)Saudi Arabia GDP at current prices (GASTAT, All activities)Saudi Arabia Inflation Rate (CPI)Saudi Arabia GDP implicit price deflatorSaudi Arabia SAR per USD, calendar-month average of the official pegged daily rate (SAMA; 3.75 since June 1986)

FAQ

What is Saudi Arabia's credit rating?
Makrognosis sovereign credit model scores Saudi Arabia at 66/100 as of 9 November 2026, equivalent to BBB+ (investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/SA returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.