Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Saudi Arabia
SAUB6FARA01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-19,722,800,000.00
Year-over-Year Change
94.95%
Date Range
1/1/2006 - 10/1/2024
Summary
The Balance of Payments: Reserve Assets trend measures the net acquisition of assets for Saudi Arabia's foreign exchange reserves. This data point is crucial for understanding the country's international economic position and balance of payments.
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
Reserve assets represent a country's holdings of foreign currencies, special drawing rights, and other liquid financial instruments. Monitoring changes in these assets provides insights into a nation's trade, capital flows, and ability to manage its exchange rate.
Methodology
The data is collected and reported by the Saudi Arabian Monetary Authority.
Historical Context
Reserve asset data is used by policymakers, analysts, and investors to assess a country's economic strength and external stability.
Key Facts
- Saudi Arabia is the world's largest oil exporter.
- The country's reserve assets totaled over $500 billion in 2021.
- Changes in reserve assets reflect Saudi Arabia's international trade and financial transactions.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Reserve Assets trend measures the net acquisition of liquid foreign assets held by the Saudi Arabian government as part of its foreign exchange reserves.
Q: Why is this trend relevant for users or analysts?
A: Reserve asset data provides insights into a country's trade balance, capital flows, and ability to manage its exchange rate, which are crucial factors for assessing its overall economic strength and stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Saudi Arabian Monetary Authority, the country's central bank.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors use reserve asset data to evaluate Saudi Arabia's external position, inform exchange rate policies, and assess the country's ability to weather economic shocks.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be some delays in publication due to the time required for data collection and reporting.
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Citation
U.S. Federal Reserve, Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Saudi Arabia (SAUB6FARA01CXCUQ), retrieved from FRED.