Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Saudi Arabia
SAUFCDODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,672.42
Year-over-Year Change
237.94%
Date Range
1/1/2009 - 1/1/2023
Summary
This trend measures the number of household depositors with commercial banks per 1,000 adults in Saudi Arabia. It provides insights into financial inclusion and access to banking services.
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 number of household depositors with commercial banks per 1,000 adults is a key indicator of financial services usage and access. It reflects the degree to which the population is integrated into the formal banking system, which is an important factor for economic development and stability.
Methodology
The data is collected through surveys and reported by the Saudi Arabian Monetary Authority.
Historical Context
Policymakers and analysts use this metric to assess the effectiveness of financial inclusion initiatives and monitor the overall health of the banking sector.
Key Facts
- Saudi Arabia had 769 household depositors per 1,000 adults in 2020.
- The number of depositors has increased by 15% since 2015.
- Access to banking services is a key policy priority in Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household depositors with commercial banks per 1,000 adults in Saudi Arabia. It provides insights into financial inclusion and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: The number of household depositors is a key indicator of financial services usage and access, which is an important factor for economic development and stability. Policymakers and analysts use this metric to assess the effectiveness of financial inclusion initiatives and monitor the overall health of the banking sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the Saudi Arabian Monetary Authority.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the effectiveness of financial inclusion initiatives and monitor the overall health of the banking sector in Saudi Arabia.
Q: Are there update delays or limitations?
A: The data is published regularly by the Saudi Arabian Monetary Authority, but there may be some delays in reporting or limitations in coverage.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Saudi Arabia (SAUFCDODCHANUM), retrieved from FRED.