The United States’ public debt has reached more than $17 trillion for the first time in history. This is more than 25 times the public debt of all Arab countries put together, according to data from the U.S. Intelligence Agency’s website.
It is expected that U.S.’s debt will continue to rise over the next year as most economists agree that the country has no other choice but to borrow more money.
The U.S.’s debt is 670 times the debt of Saudi Arabia, according to the data.
According to a report by the Saudi Arabian Monetary Agency in 2012, Saudi Arabia’s public debt is around $26.3 billion. This represented around 5 percent of the country’s GDP at the time.
Economic data published on the CIA’s website shows public debt accounted for 72.5 percent of the U.S. economy in 2012.
Saudi Arabia has decreased its debt from 600 billion riyals in 2005 to 99 billion riyals in 2012.
The CIA places Saudi Arabia in 142nd place in the global rank of public debt.
Lebanon and Sudan display the worst debt in the Middle East, with public debt accounting for 127.5 percent of its GDP and 106.4 percent of its GDP respectively, according to CIA figures.