Nominal Total Credit to General Government, Adjusted for Breaks, for Saudi Arabia
Billions of Saudi Riyals
QSAGANXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,215.92
Year-over-Year Change
29.63%
Date Range
10/1/1999 - 10/1/2024
Summary
The 'Billions of Saudi Riyals' trend measures the Saudi Arabian government's net lending/borrowing as a percentage of GDP. This key fiscal indicator provides insight into the country's economic health and policymakers' budgetary policies.
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 'Billions of Saudi Riyals' metric tracks the Saudi Arabian government's net lending or borrowing position as a share of its gross domestic product. This figure reflects the government's overall fiscal balance and can signal its fiscal policy stance, which is crucial for understanding the country's macroeconomic conditions.
Methodology
The data is collected and reported by the Saudi Arabian Monetary Authority (SAMA).
Historical Context
Economists and policymakers closely monitor this trend to assess Saudi Arabia's fiscal sustainability and potential policy interventions.
Key Facts
- Saudi Arabia is the largest economy in the Gulf Cooperation Council (GCC) region.
- The government's fiscal position can significantly impact the country's economic performance.
- Positive net lending indicates a budget surplus, while negative values show a deficit.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Saudi Riyals' trend measures the Saudi Arabian government's net lending or borrowing as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the Saudi government's fiscal policy and the overall health of the country's economy, which is crucial for investors, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Saudi Arabian Monetary Authority (SAMA).
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess Saudi Arabia's fiscal sustainability and potential policy interventions, as the government's fiscal position can significantly impact the country's economic performance.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions to historical values.
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Citation
U.S. Federal Reserve, Billions of Saudi Riyals (QSAGANXDCA), retrieved from FRED.