Country profile · Edition 1

🇸🇦Saudi Arabia

Middle East

Score

65.2

Rank

25 of 46

Overview

Saudi Arabia ranks 25th of 46 economies, with a score of 65.2 out of 100. It is 2nd of 3 ranked economies in Middle East.

Strongest: Innovation and Government support (100). Weakest: Credit access (30); Credit literacy (31).

Dimension scores

Credit literacy31.0

Credit access30.5

Financial inclusion79.1

Digital banking75.7

Innovation100.0

Consumer protection83.3

Government support100.0

Financial education75.0

Youth education83.3

Public awareness50.0

Dimensions with no score are left out of the overall score, never counted as zero.

Not yet measured: Reporting transparency, Alternative infrastructure.

Survey indicators

31%31% of adults answered at least 3 of 4 financial concepts correctly (S&P Global FinLit, 2014)

81.2%81% of credit card users pay their balance in full (Findex, 2024)

30.5%30% of adults borrowed from a formal institution or via mobile money in the past year (Findex, 2024)

78.8%79% of adults have an account (Findex, 2024)

79.3%79% could raise emergency funds within 30 days without great difficulty (Findex, 2024)

75.7%76% of adults made or received a digital payment (Findex, 2024)

41215-year-olds scored 412 on PISA 2022 financial literacy (OECD average 498)

Youth education policy: nationwide

Financial education is part of the mandatory school curriculum nationwide. A standalone course or graduation requirement applies nationwide. Young people are mentioned in the national strategy but not as a priority, or the strategy has expired.

Policy dimensions record whether a policy exists, not how well it works.