Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Saudi Arabia
Billions of US Dollars
QSAPBMUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
773.83
Year-over-Year Change
41.26%
Date Range
1/1/1993 - 10/1/2024
Summary
The 'Billions of US Dollars' metric tracks the total dollar value of personal saving in the United States. This key economic indicator provides insights into consumer spending and investment patterns.
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 total personal saving in the U.S. economy, measured in billions of dollars. It is a widely used indicator of household financial health and consumer confidence, informing economic analysis and policymaking.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts closely monitor personal saving levels to gauge consumer behavior and the overall economic climate.
Key Facts
- Personal saving in the U.S. averaged $1.24 trillion in 2021.
- The personal saving rate peaked at 33.8% in April 2020 due to the COVID-19 pandemic.
- Historically, the U.S. personal saving rate has ranged from 2.2% to 17.3% since 1959.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of US Dollars' metric tracks the total dollar value of personal saving in the United States.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insights into consumer spending and investment patterns, informing economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor personal saving levels to gauge consumer behavior and the overall economic climate.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of one to two months.
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Use of Financial Services: Number of Loan Accounts at Commercial Banks for Saudi Arabia
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Financial System Deposits to GDP for Saudi Arabia
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Credit to Government and State-Owned Enterprises to GDP for Saudi Arabia
DDEI08SAA156NWDB
Number of Identified Exporters to Saudi Arabia from Ohio
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National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Saudi Arabia
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Citation
U.S. Federal Reserve, Billions of US Dollars (QSAPBMUSDA), retrieved from FRED.