Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Saudi Arabia
CRDQSABPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,901.85
Year-over-Year Change
41.26%
Date Range
1/1/1993 - 10/1/2024
Summary
This economic trend measures the total credit provided to the private non-financial sector in Saudi Arabia by domestic banks, adjusted for statistical breaks. It is a key indicator of financial intermediation and private sector activity.
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 Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks metric tracks the volume of loans, advances, and other credit extended by Saudi banks to businesses and households, excluding the public sector. This provides insight into the health and financing of the broader private economy.
Methodology
The data is collected and compiled by the Saudi Arabian Monetary Authority (SAMA) based on reports from domestic banks.
Historical Context
Policymakers and analysts use this trend to assess the availability of private credit and its implications for economic growth and financial stability.
Key Facts
- Saudi Arabia is the largest economy in the Gulf Cooperation Council (GCC) region.
- Private sector credit accounts for over 50% of Saudi GDP.
- Domestic banks provide the majority of private financing in the Saudi economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of credit extended by domestic banks in Saudi Arabia to the private non-financial sector, such as businesses and households.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and financing of the broader Saudi private economy, which is crucial for understanding economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Saudi Arabian Monetary Authority (SAMA) based on reports from domestic banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the availability of private credit and its implications for economic growth, as well as to inform monetary and financial stability policies.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and updates from the source, the Saudi Arabian Monetary Authority.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Saudi Arabia (CRDQSABPABIS), retrieved from FRED.