Total Credit to Non-Financial Sector, Adjusted for Breaks, for Saudi Arabia
QSACAMXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,551.66
Year-over-Year Change
33.65%
Date Range
10/1/1999 - 10/1/2024
Summary
This economic trend measures the total credit to the non-financial sector in Saudi Arabia, adjusted for statistical breaks. It provides insights into the overall credit conditions and financial intermediation in the Saudi 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 Non-Financial Sector, Adjusted for Breaks, for Saudi Arabia tracks the total outstanding credit extended to households, non-financial corporations, and the government in Saudi Arabia. This metric is widely used by economists and policymakers to assess the depth and development of the Saudi financial system.
Methodology
The data is collected and compiled by the Bank for International Settlements (BIS) from national sources.
Historical Context
This trend is closely monitored by Saudi policymakers and international institutions to evaluate the health of the Saudi financial sector and its role in supporting economic growth.
Key Facts
- Saudi Arabia is the largest economy in the Gulf Cooperation Council (GCC) region.
- Credit to the non-financial sector in Saudi Arabia has grown steadily in recent years.
- The Saudi government has implemented reforms to deepen the country's financial markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding credit extended to households, non-financial corporations, and the government in Saudi Arabia, adjusted for statistical breaks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and development of the Saudi financial system, which is crucial for evaluating the health of the overall economy and its potential for growth.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Bank for International Settlements (BIS) from national sources.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by Saudi policymakers and international institutions to assess the health of the Saudi financial sector and its role in supporting economic growth.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates based on the availability of new information from national sources.
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Citation
U.S. Federal Reserve, Total Credit to Non-Financial Sector, Adjusted for Breaks, for Saudi Arabia (QSACAMXDCA), retrieved from FRED.