Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Saudi Arabia
Billions of Saudi Riyals
QSANAMXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,897.84
Year-over-Year Change
36.20%
Date Range
1/1/1998 - 10/1/2024
Summary
This economic trend measures the value of Saudi Arabia's national current account in billions of Saudi Riyals. It provides insight into the country's international trade balance and overall 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
The Saudi Arabian national current account balance tracks the difference between the value of the country's imports and exports. It is a key indicator of the nation's trade position and financial flows with the rest of the world.
Methodology
The data is collected and calculated by the Saudi Arabian Monetary Authority (SAMA) based on official records of international transactions.
Historical Context
The current account balance is closely monitored by policymakers, investors, and analysts to assess Saudi Arabia's economic strength and global competitiveness.
Key Facts
- Saudi Arabia is the largest economy in the Middle East.
- The current account balance reached a high of 439 billion Riyals in 2013.
- The current account balance has fluctuated significantly due to changes in oil prices and trade flows.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of Saudi Arabia's national current account balance in billions of Saudi Riyals. It tracks the difference between the country's imports and exports.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Saudi Arabia's international trade position and overall economic performance. It is closely monitored by policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Saudi Arabian Monetary Authority (SAMA) based on official records of international transactions.
Q: How is this trend used in economic policy?
A: The current account balance is used by policymakers to assess Saudi Arabia's economic strength, global competitiveness, and financial flows with the rest of the world.
Q: Are there update delays or limitations?
A: The data is published regularly by SAMA, but there may be some delays in reporting or limitations in data coverage.
Related Trends
Number of Identified Exporters to Saudi Arabia from Delaware
DESAUA475SCEN
Value of Exports to Saudi Arabia from Rhode Island
RISAUA052SCEN
H-Statistic in Banking Market for Saudi Arabia
DDOI03SAA066NWDB
Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Saudi Arabia
SAUFCAANUM
Balance of Payments: Goods: Expenditure for Saudi Arabia
SAUB6DBTD01NCCUSAQ
Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Saudi Arabia
CRDQSAAPABIS
Citation
U.S. Federal Reserve, Billions of Saudi Riyals (QSANAMXDCA), retrieved from FRED.