Real Exports of Goods and Services for Saudi Arabia
NXRNSAXDCSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
374,335.00
Year-over-Year Change
3.05%
Date Range
1/1/2010 - 1/1/2025
Summary
The 'Real Exports of Goods and Services for Saudi Arabia' measures the volume of goods and services exported from Saudi Arabia, adjusted for inflation. This metric provides insight into the nation's international trade and economic performance.
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
This series represents the real, inflation-adjusted value of exports of both goods and services from Saudi Arabia to other countries. It is a key indicator of the country's participation in global trade and production, which is crucial for monitoring Saudi Arabia's economic growth and competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on trade figures reported by the Saudi Arabian Monetary Authority.
Historical Context
Policymakers and analysts use this metric to assess Saudi Arabia's trade position, external demand, and overall economic health.
Key Facts
- Saudi Arabia is the largest economy in the Middle East.
- Exports account for over 50% of Saudi Arabia's GDP.
- The non-oil private sector is a growing part of the Saudi economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted value of all goods and services exported from Saudi Arabia to other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Saudi Arabia's international trade performance and competitiveness, which is crucial for monitoring the country's overall economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on trade figures reported by the Saudi Arabian Monetary Authority.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Saudi Arabia's trade position, external demand, and the overall health of the Saudi Arabian economy.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as it is dependent on reporting from the Saudi Arabian government.
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Citation
U.S. Federal Reserve, Real Exports of Goods and Services for Saudi Arabia (NXRNSAXDCSAQ), retrieved from FRED.