Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Saudi Arabia
CRDQSAAPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,335.74
Year-over-Year Change
35.18%
Date Range
1/1/1993 - 10/1/2024
Summary
This economic trend measures the total credit extended to the private non-financial sector in Saudi Arabia, adjusted for any data breaks or discontinuities. It provides insight into the overall level of financing and lending activity in the Saudi Arabian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The total credit to the private non-financial sector is a key indicator of financial intermediation and economic activity. It represents the total amount of outstanding loans, debt securities, and other credit instruments held by households, non-financial businesses, and non-profit institutions serving households in Saudi Arabia.
Methodology
The data is collected and compiled by the Bank for International Settlements (BIS) based on information provided by the Saudi Arabian Monetary Authority.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the health and development of the Saudi Arabian financial system and overall economic conditions.
Key Facts
- Saudi Arabia's total private credit equaled 59.4% of GDP in 2021.
- Credit growth averaged 10.4% annually from 2010 to 2021.
- Private credit is a key driver of economic growth in Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of credit extended to the private non-financial sector in Saudi Arabia, including loans, debt securities, and other credit instruments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the overall level of financing and lending activity in the Saudi Arabian economy, which is a key indicator of financial intermediation and economic health.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Bank for International Settlements (BIS) based on information provided by the Saudi Arabian Monetary Authority.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this trend to assess the development of the Saudi Arabian financial system and overall economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a lag of several months, so there may be delays in accessing the most recent information.
Related Trends
Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Saudi Arabia
SAUB6FATC01CXCUQ
Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Saudi Arabia
SAUFCRODCANUM
Nominal Exports of Goods and Services for Saudi Arabia
NXNSAXDCSAQ
Number of Identified Exporters to Saudi Arabia from Delaware
DESAUA475SCEN
Balance of Payments: Other Investment: Liabilities (or Net Incurrence of Liabilities) for Saudi Arabia
SAUB6FAOI03NCCUQ
Balance of Payments: Services: Expenditure for Saudi Arabia
SAUB6DBSE03STSAQ
Citation
U.S. Federal Reserve, Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Saudi Arabia (CRDQSAAPABIS), retrieved from FRED.