Imports of Goods and Services for Saudi Arabia
SAUBMUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
344,061,794,606.10
Year-over-Year Change
49.60%
Date Range
1/1/2000 - 1/1/2025
Summary
The 'Imports of Goods and Services for Saudi Arabia' trend measures the value of goods and services imported into Saudi Arabia. This metric is critical for understanding Saudi Arabia's trade balance and 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
This series tracks the total value of imports into Saudi Arabia, including both goods and services. It is an important economic indicator used by policymakers, analysts, and investors to assess Saudi Arabia's trade position, consumer demand, and overall economic health.
Methodology
The data is collected by the Saudi Arabian Monetary Authority and reported to the International Monetary Fund.
Historical Context
Imports data is used to calculate Saudi Arabia's trade balance and overall current account position, which is a key consideration for economic and policy decisions.
Key Facts
- Saudi Arabia is one of the world's largest importers of goods and services.
- Imports play a crucial role in meeting domestic consumer and industrial demand in Saudi Arabia.
- Tracking import trends helps assess the strength of Saudi Arabia's economy and trade relationships.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services imported into Saudi Arabia, providing insight into the country's trade balance and economic performance.
Q: Why is this trend relevant for users or analysts?
A: Imports data is a critical indicator used by policymakers, economists, and investors to assess Saudi Arabia's trade position, consumer demand, and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected by the Saudi Arabian Monetary Authority and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Imports data is used to calculate Saudi Arabia's trade balance and current account position, which are key considerations for economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule of the Saudi Arabian Monetary Authority and the International Monetary Fund, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Imports of Goods and Services for Saudi Arabia (SAUBMUSD), retrieved from FRED.